Falanx Group Limited Director/PDMR Shareholding (3843S)

TIDMFLX

RNS Number : 3843S

Falanx Group Limited

20 December 2016

Falanx Group Limited

("Falanx" or "the Company")

DIRECTOR DEALINGS AND GRANT OF SHARE OPTIONS

Falanx Group (AIM:FLX), the global intelligence, security and cyber defence provider, announces that on 19(th) December 2016, Stuart Bladen, Chief Executive Officer, acquired 310,000 ordinary shares of no par value ("Ordinary Shares") in the capital of the Company. Mr Bladen's resultant interest following this transaction, which was completed at a price of 7.25 pence per share, is now in 310,000 Ordinary Shares, representing 0.25 per cent of the Company's issued share capital.

Falanx also announces that on 6(th) October 2016 and pursuant to the rules of the Falanx Group Long Term Incentive Plan, the Company granted options to Mr Bladen to subscribe for up to 3,000,000 Ordinary Shares ("Options") as follows:

 
 Date from which Options are exercisable,    No. of Ordinary 
  post date of grant: 6(th) October           Shares over 
  2016 ("Date of Grant")                      which the 
                                              Options can 
                                              be exercised 
------------------------------------------  ---------------- 
 Earlier of 12 months from the Date 
  of Grant and date at which the share 
  price of the Company has consistently 
  been at 6p or above for 6 months           1,000,000 
------------------------------------------  ---------------- 
 Earlier of 24 months from the Date 
  of Grant and date at which the Share 
  Price of the Company has consistently 
  been at 12p or above for 6 months          1,000,000 
------------------------------------------  ---------------- 
 Earlier of 36 months from the Date 
  of Grant and date at which the Share 
  Price of the Company has consistently 
  been at 20p or above for 6 months          1,000,000 
------------------------------------------  ---------------- 
 

To the extent that the relevant performance conditions are met as set out above, then the Options can be exercised at 5p per Ordinary Share. Any Options remaining unexercised on 6(th) October 2019 will automatically lapse.

Following the grant of the Options to Mr Bladen, the total number of Ordinary Shares subject to options and which could, in the future, be issued to him is 3,000,000, which represents 2.4% of the current issued share capital of the Company.

Enquiries:

 
 Falanx Group Limited               via Walbrook PR 
  Stuart Bladen, Chief Executive     www.falanxgroup.com 
  Officer                            www.falanxassuria.com 
                                     www.falanxcyberdefence.com 
 Panmure Gordon (UK) Limited 
  Nominated Adviser & Joint 
  Broker 
  Andrew Godber / Peter 
  Steel                             [phone] 
 Whitman Howard Limited 
  Joint Broker 
  Nick Lovering / Francis 
  North                             [phone] 
 Walbrook PR (Media and             [phone] 
  Investor Relations) Paul           [e-mail] 
  Cornelius / Nick Rome 
 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in relation to Mr Bladen's purchase of Ordinary Shares on 19(th) December 2016.

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                    Stuart Bladen - Chief Executive 
                                Officer 
---  -----------------------  --------------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status          See 1(a) above, Stuart Bladen 
                                classified as a PDMR of the Company 
                                with effect from 17(th) October 
                                2016 (the date of Mr Bladen's 
                                formal appointment as 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                     Falanx Group Limited 
---  -----------------------  --------------------------------------- 
 b)   LEI 
---  -----------------------  --------------------------------------- 
 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              Ordinary Shares of no par value 
       of the financial 
       instrument, 
       type of instrument 
---  -----------------------  --------------------------------------- 
 b)   Identification           VGG3338A1075 
       code 
---  -----------------------  --------------------------------------- 
 c)   Nature of the            Purchase of Ordinary Shares 
       transaction 
---  -----------------------  --------------------------------------- 
 d)   Price(s) and             Volume(s): 
       volume(s)                310,000 Ordinary Shares 
                                Price: 7.25 pence per Ordinary 
                                Share 
---  -----------------------  --------------------------------------- 
 d)   Aggregated information    N/A 
       - Aggregated 
       volume 
       - Price 
---  -----------------------  --------------------------------------- 
 e)   Date of the              19(th) December 2016 
       transactions 
---  -----------------------  --------------------------------------- 
 f)   Place of the             London Stock Exchange, AIM Market 
       transaction              (XLON) 
---  -----------------------  --------------------------------------- 
 

Name of authorised official of issuer responsible for making notification:

Mr John Blamire, Director

Company Secretary to Falanx Group Limited

About Falanx

Falanx Group Limited, is a global intelligence and cyber defence provider working with blue chip and government clients. The Group listed on AIM in June 2013 under ticker FLX For more information: http://www.falanxgroup.com/.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 20, 2016 08:49 ET (13:49 GMT)