Corero Network Security PLC Grant of Options (6692E)
22 October 2018 - 5:00PM
UK Regulatory
TIDMCNS
RNS Number : 6692E
Corero Network Security PLC
22 October 2018
22 October 2018
Corero Network Security plc
("Corero", the "Company" or the "Group")
Grant of Options
Corero Network Security plc (AIM: CNS), the AIM listed network
security company, announces that on 19 October 2018, options were
granted over a total of 4,500,000 new ordinary shares of 1p each in
the Company ("Ordinary Shares") to the Directors of the Company
("Options") as set out below.
Director Role Options Relevant Subsequent
granted Option scheme number of
Options held
Chief Executive
Ashley Stephenson Officer 2,400,000 Unapproved 7,919,000
---------------------------- -------------- ---------------------- ------------------
Chief Financial Executive
Andrew Miller Officer 1,500,000 EMI / Unapproved 5,915,000
---------------------------- -------------- ---------------------- ------------------
Jens Montanana Non-executive Chairman 400,000 Unapproved 1,819,000
---------------------------- -------------- ---------------------- ------------------
Richard Last Non-executive Director 200,000 Unapproved 830,000
---------------------------- -------------- ---------------------- ------------------
"Unapproved" = Corero Unapproved Share Option Plan
"Executive EMI" = Corero Executive EMI Option Plan
The Options carry an exercise price of 10.95 pence per Ordinary
Share, which equates to the closing mid-market price of an Ordinary
Share on 18 October 2018, and vest in equal proportions on the
first, second and third anniversaries of being granted. Any new
Ordinary Shares issued pursuant to the exercise of the Options may
not be sold or otherwise transferred until the second anniversary
of the date of being granted.
In addition to the grant of the above Options to the Directors,
Options over a total of 6,351,000 new Ordinary Shares were granted
to Group employees. Following the grant of these Options, the
Company has granted Options over 35,249,332 new Ordinary Shares,
representing 8.8% of the Company's total issued ordinary share
capital.
Enquiries:
Corero Network Security plc
Andrew Miller, CFO Tel: 01895 876 382
Cenkos Securities plc Tel: 020 7397 8900
Mark Connelly - NOMAD
Michael Johnson - Sales
Vigo Communications Tel: 020 7390 0230
Jeremy Garcia / Ben Simons / Antonia Pollock
corero@vigocomms.com
About Corero Network Security
Corero Network Security is a leader in real-time,
high-performance DDoS defense solutions. Service providers, hosting
providers and digital enterprises rely on Corero's award winning
technology to eliminate the DDoS threat to their environment
through automatic attack detection and mitigation, coupled with
complete network visibility, analytics and reporting. This industry
leading technology provides cost effective, scalable protection
capabilities against DDoS attacks in the most complex environments
while enabling a more cost effective economic model than previously
available. For more information, visit www.corero.com
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Ashley Stephenson
------------------------------------------- ---------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/Status: Chief Executive Officer
------------------------------------------- ---------------------------------------
b) Initial Notification/Amendment: Initial Notification
------------------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name: Corero Network Security plc
------------------------------------------- ---------------------------------------
b) LEI: 2138001EVYT2OI1C4Y98
------------------------------------------- ---------------------------------------
4. Details of transaction(s); section to be repeated for (i)
each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted.
------------------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 1 pence each
instrument: ISIN: GB00B54X0432
Identification code:
------------------------------------------- ---------------------------------------
b) Nature of the transaction: Grant of share options
------------------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
------------------------------------------- ------------------- ------------------
Nil 2,400,000
------------------------------------------------------------------------ ------------------
d) Aggregated volume: N/A - single transaction
Price:
------------------------------------------- ---------------------------------------
e) Date of the Transaction: 19 October 2018
------------------------------------------- ---------------------------------------
f) Place of the Transaction: Outside of a trading venue
------------------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Andrew Miller
------------------------------------------- ---------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/Status: Chief Financial Officer
------------------------------------------- ---------------------------------------
b) Initial Notification/Amendment: Initial Notification
------------------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name: Corero Network Security plc
------------------------------------------- ---------------------------------------
b) LEI: 2138001EVYT2OI1C4Y98
------------------------------------------- ---------------------------------------
4. Details of transaction(s); section to be repeated for (i)
each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted.
------------------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 1 pence each
instrument: ISIN: GB00B54X0432
Identification code:
------------------------------------------- ---------------------------------------
b) Nature of the transaction: Grant of share options
------------------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
------------------------------------------- ------------------- ------------------
Nil 1,500,000
------------------------------------------------------------------------ ------------------
d) Aggregated volume: N/A - single transaction
Price:
------------------------------------------- ---------------------------------------
e) Date of the Transaction: 19 October 2018
------------------------------------------- ---------------------------------------
f) Place of the Transaction: Outside of a trading venue
------------------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Jens Montanana
------------------------------------------- ---------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/Status: Non-executive Director
------------------------------------------- ---------------------------------------
b) Initial Notification/Amendment: Initial Notification
------------------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name: Corero Network Security plc
------------------------------------------- ---------------------------------------
b) LEI: 2138001EVYT2OI1C4Y98
------------------------------------------- ---------------------------------------
4. Details of transaction(s); section to be repeated for (i)
each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted.
------------------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 1 pence each
instrument: ISIN: GB00B54X0432
Identification code:
------------------------------------------- ---------------------------------------
b) Nature of the transaction: Grant of share options
------------------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
------------------------------------------- ------------------- ------------------
Nil 400,000
------------------------------------------------------------------------ ------------------
d) Aggregated volume: N/A - single transaction
Price:
------------------------------------------- ---------------------------------------
e) Date of the Transaction: 19 October 2018
------------------------------------------- ---------------------------------------
f) Place of the Transaction: Outside of a trading venue
------------------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Richard Last
------------------------------------------- ---------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/Status: Non-executive Director
------------------------------------------- ---------------------------------------
b) Initial Notification/Amendment: Initial Notification
------------------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name: Corero Network Security plc
------------------------------------------- ---------------------------------------
b) LEI: 2138001EVYT2OI1C4Y98
------------------------------------------- ---------------------------------------
4. Details of transaction(s); section to be repeated for (i)
each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted.
------------------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 1 pence each
instrument: ISIN: GB00B54X0432
Identification code:
------------------------------------------- ---------------------------------------
b) Nature of the transaction: Grant of share options
------------------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
------------------------------------------- ------------------- ------------------
Nil 200,000
------------------------------------------------------------------------ ------------------
d) Aggregated volume: N/A - single transaction
Price:
------------------------------------------- ---------------------------------------
e) Date of the Transaction: 19 October 2018
------------------------------------------- ---------------------------------------
f) Place of the Transaction: Outside of a trading venue
------------------------------------------- ---------------------------------------
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END
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