Falanx Group Limited Grant of Share Options (5368N)
25 September 2019 - 4:30PM
UK Regulatory
TIDMFLX
RNS Number : 5368N
Falanx Group Limited
25 September 2019
25 September 2019
FALANX GROUP LIMITED
(the "Company")
Grant of share options
Falanx Group Limited (AIM: FLX), the global cyber security and
intelligence services provider, announces that Mike Read, CEO,
announces that it has today it awarded a total of 28,500,000
options (the "Options") over ordinary shares of nil par value each
in the Company ("Ordinary Shares"). A total of 13,000,000 Options
have been granted under the Company's existing Enterprise
Management Incentive Scheme ("EMI Scheme") and 15,500,000
non-qualifying options have been awarded to certain directors and
non-qualifying employees of the Company (the "Non-qualifying
Options"). A total of 10,000,000 of the Non-Qualifying Options have
been awarded to the following directors:
Director Number of Options Total number Total number
granted of options over of options as
Ordinary Shares a percentage
of the Company's
issued share
capital
Mike Read (CEO) 5,000,000 11,500,000 2.87%
Ian Selby (CFO) 5,000,000 11,500,000 2.87%
The Options have an exercise price of 1.925 pence per Ordinary
Share (the "Exercise Price"), being the closing mid-market price on
24 September 2019, and will vest:
-- as to 9,405,000 Options (representing 33% of the total Options) immediately;
-- as to 9,405,000 Options (representing 33% of the total
Options), provided that the share price of the Company exceeds 2.89
pence (50% share price growth over the Exercise Price) for a period
of one calendar month; and
-- as to the balance of 9,690,000 Options (representing 34% of
the total Options), provided that the share price of the Company
exceeds 3.85 pence (100% growth over the Exercise Price) for a
period of one calendar month.
Once vested the Options are exercisable between 1 April 2020 and
31 March 2030, subject to accelerated vesting and exercise in
certain customary scenarios.
Enquiries:
Falanx Group Limited Via IFC
Alex Hambro Chairman
Mike Read CEO
Ian Selby CFO
Stifel Nicolaus Europe Limited,
Nomad and Joint Broker
Fred Walsh / Alex Price / Neil Shah + 44 (0) 207 710 7600
Turner Pope International Limited,
Joint Broker
James Pope / Ben Turner +44 (0) 203 621 4120
IFC Advisory Ltd
Financial PR & IR
Graham Herring / Miles Nolan / Zach
Cohen +44 (0) 203 934 663
About Falanx
Falanx Group Limited, is a global intelligence and cyber defence
provider working with blue chip and government clients. For more
information: http://www.falanx.com/
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ("PDMRs") and persons
closely associated ("PCA") with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Names Michael David Read
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status CEO
-------------------------- ---------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Falanx Group Limited
-------------------------- ---------------------------------------
b) LEI 213800YO4F9CUQLALV19
-------------------------- ---------------------------------------
4 Details of the 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 Ordinary Shares of nil par value
the financial
instrument, type
of instrument
-------------------------- ---------------------------------------
b) Identification VGG3338A1075
code
-------------------------- ---------------------------------------
c) Nature of the Grant of options over Ordinary Shares
transaction
-------------------------- ---------------------------------------
d) Price(s) and volume(s) Volume(s):
5,000,000 Ordinary Shares
Price: 1.925 pence per Ordinary Share
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transactions 25 September 2019
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Names Ian Selby
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status CFO
-------------------------- ---------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Falanx Group Limited
-------------------------- ---------------------------------------
b) LEI 213800YO4F9CUQLALV19
-------------------------- ---------------------------------------
4 Details of the 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 Ordinary Shares of nil par value
the financial
instrument, type
of instrument
-------------------------- ---------------------------------------
b) Identification VGG3338A1075
code
-------------------------- ---------------------------------------
c) Nature of the Grant of options over Ordinary Shares
transaction
-------------------------- ---------------------------------------
d) Price(s) and volume(s) Volume(s):
5,000,000 Ordinary Shares
Price: 1.925 pence per Ordinary Share
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transactions 24 September 2019
-------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHCKQDQOBKDOCB
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