KRM22 PLC Issue of Options (4674L)
13 January 2021 - 6:00PM
UK Regulatory
TIDMKRM
RNS Number : 4674L
KRM22 PLC
13 January 2021
KRM22 plc
("KRM22", the "Group" or the "Company")
Issue of Options
KRM22 plc, (AIM: KRM) the technology and software investment
company that focuses on risk management for capital markets,
announces the issue of a total of 180,719 options ("Options") to
subscribe for new ordinary shares of 10p each in the Company
("Ordinary Shares") to employees of the Group and Kim Suter, CFO of
the Company under the Company's Employee Share Option Plan.
Of the total of 180,719 Options issued, Kim Suter has been
issued 17,979 Options on the same terms as all other employees.
Following this issue, Kim Suter will have 371,466 Options over
Ordinary Shares representing 1.39% of the current issued share
capital of the Company.
The Options are exercisable at 36.5 pence, will vest over a 30
day period and will expire on 12 January 2031. The Options are not
subject to any vesting conditions as the options were awarded for
salary sacrifices undertaken by all employees as part of the
Company's cost reduction actions.
Following this announcement, there is a total of 3,884,435
Options over Ordinary Shares representing 14.54% of the current
issued share capital of the Company.
For further information please contact:
KRM22 plc InvestorRelations@krm22.com
Keith Todd CBE, Executive Chairman and CEO
Kim Suter, CFO
finnCap Ltd (Nominated Adviser and Sole Broker) +44 (0)20 7220 0500
Carl Holmes / Kate Bannatyne / Matthew Radley
Alice Lane / Sunila de Silva (ECM)
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
About KRM22 plc
KRM22 is a closed-ended investment company which listed on AIM
on 30 April 2018. The Company has been established with the
objective of creating value for its investors through the
investment in, and subsequent growth and development of, target
companies in the technology and software sector, with a focus on
risk management in capital markets.
Through its investments and the Global Risk Platform, KRM22
helps capital market companies reduce the cost and complexity of
risk management. The Global Risk Platform provides applications to
help address firms' regulatory, market, technology and operations
risk challenges and to manage their entire enterprise risk
profile.
Capital markets companies' partner with KRM22 to optimise risk
management systems and processes, improving profitability and
expanding opportunities to increase portfolio returns by leveraging
risk as alpha.
KRM22 plc is listed on AIM and the Group is headquartered in
London, with offices in several of the world's major financial
centres.
See more about KRM22 at KRM22.com
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Kim Suter
------------------------------- -----------------------------------
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 participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name KRM22 Plc
------------------------------- -----------------------------------
b) LEI 213800IBCSBLSLJ9OD78
------------------------------- -----------------------------------
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 the Options over ordinary Shares of 10
Financial instrument, pence each
type of instrument
Identification code GB00BFM6WC61
------------------------------- -----------------------------------
b) Nature of the transaction Issue of options
------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
36.5p 17,979
----------
------------------------------- -----------------------------------
d) Aggregated information:
* Aggregated volume See 4c) above
* Price
------------------------------- -----------------------------------
e) Date of the transaction 12 January 2021
------------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
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END
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