TIDMOSI
RNS Number : 5254H
Osirium Technologies PLC
04 December 2020
4 December 2020
Osirium Technologies plc
("Osirium" or "Company")
Grant of Options
Osirium Technologies plc (AIM: OSI.L), a leading vendor of
cloud-based cybersecurity software , announces that the Group has
granted share options of up to 1,866,125 ordinary shares of 1 pence
each (the "Options") in the capital of the Company ("Ordinary
Shares") pursuant to the Osirium Technologies plc Enterprise
Management Incentive (EMI) Share Option Plan 2020 - 2025 (the "2020
Scheme") to a number of employees and PDMRs.
The following Options have been granted under the 2020 Scheme to
the Company's directors and their closely associated persons
("PCAs") to give a total, when aggregated with options granted to
the Company's employees and staff, of 1,866,125 Options granted
under the 2020 Scheme:
Director/PCA No. of Options granted
under the 2020 Scheme
David Guyatt 475,000
Rupert Hutton 147,250
Stephen Purdham 26,125
Simon Hember 26,125
Simon Lee 26,125
Catherine Jamieson
* 180,000
* Catherine Jamieson is an employee of Osirium
and the spouse of David Guyatt
These Options have been granted at an exercise price of 35p per
share, being the higher of the minimum exercise price for all
options granted under the 2020 Scheme and the 30-day volume
weighted average price of the Company's shares at the date of
grant, and will only be exercisable after 2 years from the date of
grant (unless an earlier event occurs to cause them to become
exercisable under the Rules of the 2020 Scheme). The Options will
vest on the following basis by reference to increases in the
Company's share price performance over the Company's share price at
grant (determined by reference to a 30-day volume weighted
average):
-- 25% vesting on grant
-- 25% vesting at a 50% share price increase to the initial
share price at grant
-- 25% vesting at a 100% share price increase to the initial
share price at grant
-- 25% vesting at a 150% share price increase to the initial
share price at grant
All options granted to the Company's Directors (and their PCAs),
staff and employees under the Company's Enterprise Management
Incentive Share Option Plan 2016 (the "2016 Scheme") adopted at the
time of the Company's AIM IPO in April 2016 have been surrendered
(but excluding their roll-over options granted at the time of the
Company's admission to AIM).
The resultant holdings of options by Osirium Directors and their
PCAs are set out below:
Director/PCA No. of options No. of roll-over No. of Options Total number
previously held options outstanding granted under of outstanding
under the 2016 under the 2016 the 2020 Scheme options under
Scheme surrendered Scheme the 2016 Scheme
and the 2020
Scheme held
as at today's
date
David Guyatt 51,971 586,416 475,000 1,061,416
Rupert Hutton 77,956 - 147,250 147,250
Stephen Purdham 25,985 - 26,125 26,125
Simon Hember 25,985 - 26,125 26,125
Simon Lee Nil 120,000 26,125 146,125
Catherine Jamieson
* 103,943 - 180,000 180,000
* Catherine Jamieson is an employee of Osirium and the spouse
of David Guyatt
As a result of this grant, the total number of options issued,
excluding roll-over options granted at the time of the Company's
admission to AIM, is 1,866,125, equivalent to 9.57 per cent. of the
current issued share capital of the Company.
The FCA notifications in respect of the above cancellation and
grant of options over Ordinary Shares, made in accordance with the
requirements of the EU Market Abuse Regulation, are appended
below.
The information communicated in this announcement includes
inside information for the purposes of Article 7 Regulation
596/2014.
For further information:
Osirium Technologies plc Tel: +44 (0) 118 324 2444
David Guyatt, Chief Executive Officer
Rupert Hutton, Chief Financial
Officer
www.osirium.com
Stifel Nicolaus Europe Limited
(Nominated Adviser and Broker) Tel: +44 (0) 207 710 7600
Fred Walsh
Richard Short
Alma PR
(Financial PR)
Josh Royston / David Ison / Harriett Tel: +44 (0) 203 405 0205
Jackson
Notes to Editors:
About Osirium
Osirium Technologies plc (AIM: OSI) operates in one of the
fastest growing parts of the cybersecurity market and is a leading
vendor of Privileged Access Security solutions. Osirium's
cloud-based products protect critical IT assets, infrastructure and
devices by preventing targeted cyber-attacks from directly
accessing Privileged Accounts, removing unnecessary access and
powers of Privileged Account users, deterring legitimate Privileged
Account users from abusing their roles and containing the effects
of a breach if one does happen.
Osirium has defined and delivered what the Directors view as the
next generation Privileged Access Management solution. Osirium's
award-winning Privileged Task Management module further strengthens
Privileged Account Security by minimising the cyber-attack surface
and delivering an impressive return on investment benefits for
customers. Building on Osirium's Privileged Task Management module,
in May 2019 Osirium launched Privileged Process Automation,
providing a highly-flexible platform for automating essential IT
processes to set a new benchmark in IT Process Automation. This was
followed by the launch of Privileged Endpoint Manager in December
2019, bringing the total portfolio to three complementary
solutions.
Founded in 2008 and with its headquarters in Reading, UK, the
Group was admitted to AIM in April 2016. For further information
please visit www.osirium.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Names David Guyatt
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------- ----------------------------------------
b Initial notification Initial Notification
/Amendment
-------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Osirium Technologies plc
-------------------------- ----------------------------------------
b) LEI 213800CTPGYQ4POIC338
-------------------------- ----------------------------------------
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
financial instrument, 1p
type of instrument
-------------------------- ----------------------------------------
b) Identification code GB00BZ58DH10
-------------------------- ----------------------------------------
c) Nature of the transaction Grant of Options over Ordinary
Shares of 1p pursuant to the Osirium
Technologies plc Enterprise Management
Incentive (EMI) Share Option Plan
2020 - 2025
-------------------------- ----------------------------------------
d) Price(s) and volume(s) Execution price: 35 GBp per share
Number of shares under option:
475,000 Ordinary Shares of 1p each
-------------------------- ----------------------------------------
d) Aggregated information 1,061,416 options over Ordinary
- Aggregated volume Shares of 1p each detailed as below:
- Price 410,100 options at 58.3p exercise
price per share
176,316 options at 41.7p exercise
price per share
475,000 options at 35.0p exercise
price per share
-------------------------- ----------------------------------------
e) Date of the transaction 4 December 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Names Rupert Hutton
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------- ----------------------------------------
b Initial notification Initial Notification
/Amendment
-------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Osirium Technologies plc
-------------------------- ----------------------------------------
b) LEI 213800CTPGYQ4POIC338
-------------------------- ----------------------------------------
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
financial instrument, 1p
type of instrument
-------------------------- ----------------------------------------
b) Identification code GB00BZ58DH10
-------------------------- ----------------------------------------
c) Nature of the transaction Grant of Options over Ordinary
Shares of 1p pursuant to the Osirium
Technologies plc Enterprise Management
Incentive (EMI) Share Option Plan
2016
-------------------------- ----------------------------------------
d) Price(s) and volume(s) Execution price: 35 GBp per share
Number of shares under option:
147,250 Ordinary Shares of 1p each
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 147,250 options over Ordinary Shares
- Price of 1p each
35p exercise price per share
-------------------------- ----------------------------------------
e) Date of the transaction 4 December 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Names Stephen Purdham
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------- ----------------------------------------
b Initial notification Initial Notification
/Amendment
-------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Osirium Technologies plc
-------------------------- ----------------------------------------
b) LEI 213800CTPGYQ4POIC338
-------------------------- ----------------------------------------
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
financial instrument, 1p
type of instrument
-------------------------- ----------------------------------------
b) Identification code GB00BZ58DH10
-------------------------- ----------------------------------------
c) Nature of the transaction Grant of Options over Ordinary
Shares of 1p pursuant to the Osirium
Technologies plc Enterprise Management
Incentive (EMI) Share Option Plan
2020 - 2025
-------------------------- ----------------------------------------
d) Price(s) and volume(s) Execution price: 35 GBp per share
Number of shares under option:
26,125 Ordinary Shares of 1p each
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 26,125 options over Ordinary Shares
- Price of 1p each
35p exercise price per share
-------------------------- ----------------------------------------
e) Date of the transaction 4 December 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Names Simon Hember
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------- ----------------------------------------
b Initial notification Initial Notification
/Amendment
-------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Osirium Technologies plc
-------------------------- ----------------------------------------
b) LEI 213800CTPGYQ4POIC338
-------------------------- ----------------------------------------
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
financial instrument, 1p
type of instrument
-------------------------- ----------------------------------------
b) Identification code GB00BZ58DH10
-------------------------- ----------------------------------------
c) Nature of the transaction Grant of Options over Ordinary
Shares of 1p pursuant to the Osirium
Technologies plc Enterprise Management
Incentive (EMI) Share Option Plan
2020 - 2025
-------------------------- ----------------------------------------
d) Price(s) and volume(s) Execution price: 35 GBp per share
Number of shares under option:
26,125 Ordinary Shares of 1p each
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 26,125 options over Ordinary Shares
- Price of 1p each
35p exercise price per share
-------------------------- ----------------------------------------
e) Date of the transaction 4 December 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Names Simon Lee
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Non-Executive Chairman
-------------------------- ----------------------------------------
b Initial notification Initial Notification
/Amendment
-------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Osirium Technologies plc
-------------------------- ----------------------------------------
b) LEI 213800CTPGYQ4POIC338
-------------------------- ----------------------------------------
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
financial instrument, 1p
type of instrument
-------------------------- ----------------------------------------
b) Identification code GB00BZ58DH10
-------------------------- ----------------------------------------
c) Nature of the transaction Grant of Options over Ordinary
Shares of 1p pursuant to the Osirium
Technologies plc Enterprise Management
Incentive (EMI) Share Option Plan
2020 - 2025
-------------------------- ----------------------------------------
d) Price(s) and volume(s) Execution price: 35 GBp per share
Number of shares under option:
26,125 Ordinary Shares of 1p each
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 146,125 options over Ordinary Shares
- Price of 1p each detailed below:
120,000 options at 58.3p exercise
price per share
26,125 options at 35.0p exercise
price per share
-------------------------- ----------------------------------------
e) Date of the transaction 4 December 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Names Catherine Jamieson
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Sales and Operations Director (David
Guyatt related party)
-------------------------- ----------------------------------------
b Initial notification Initial Notification
/Amendment
-------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Osirium Technologies plc
-------------------------- ----------------------------------------
b) LEI 213800CTPGYQ4POIC338
-------------------------- ----------------------------------------
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
financial instrument, 1p
type of instrument
-------------------------- ----------------------------------------
b) Identification code GB00BZ58DH10
-------------------------- ----------------------------------------
c) Nature of the transaction Grant of Options over Ordinary
Shares of 1p pursuant to the Osirium
Technologies plc Enterprise Management
Incentive (EMI) Share Option Plan
2020 - 2025
-------------------------- ----------------------------------------
d) Price(s) and volume(s) Execution price: 35 GBp per share
Number of shares under option:
180,000 Ordinary Shares
-------------------------- ----------------------------------------
d) Aggregated information 180,000 options over Ordinary Shares
- Aggregated volume of 1p each
- Price 35p exercise price per share
-------------------------- ----------------------------------------
e) Date of the transaction 4 December 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ----------------------------------------
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END
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