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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Falanx Group Limited | LSE:FLX | London | Ordinary Share | VGG3338A1075 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.525 | 0.50 | 0.55 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMFLX
RNS Number : 0266V
Falanx Group Limited
25 January 2017
Falanx Group Limited
("Falanx" or "the Company")
GRANT OF SHARE OPTIONS
Falanx Group (AIM:FLX), the global intelligence, security and cyber defence provider, announces that on 24(th) January 2017 and pursuant to the rules of the Falanx Group Long Term Incentive Plan, the Company granted options to certain members of its senior management team ("Recipient") to subscribe for, in aggregate, up to 3,100,000 Ordinary Shares ("Options") as follows:
Hot Features
Premium
Recipient Position No. of Ordinary
Shares over
which the
Options can
be exercised
------------------ --------------------------- ----------------
Mr Stuart Bladen Chief Executive Officer 1,250,000
------------------ --------------------------- ----------------
Ms Emma Shaw Non-Executive Director 750,000
------------------ --------------------------- ----------------
Mr John Blamire Director 500,000
------------------ --------------------------- ----------------
Managing Director,
Mr Jay Abbott Cyber Defence 500,000
------------------ --------------------------- ----------------
Ms Efua Forson Group Financial Controller 100,000
------------------ --------------------------- ----------------
Further details on the criteria for the exercise of the Options by each Recipient are set out below:
Date from which Options are exercisable, Percentage
post date of Grant: 24(th) January of Options
2017 ("Date of Grant") awarded to
each Recipient
that 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 33.3%
------------------------------------------ ----------------
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 33.3%
------------------------------------------ ----------------
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 33.4%
------------------------------------------ ----------------
To the extent that the relevant performance conditions are met as set out above, then the Options can be exercised at 5.875p per Ordinary Share. Any Options remaining unexercised on 24(th) January 2020 will automatically lapse.
Enquiries:
Falanx Group Limited www.falanxgroup.com Stuart Bladen, Chief Executive www.falanxassuria.com Officer www.falanxcyberdefence.com Panmure Gordon (UK) Limited Nominated Adviser & Joint Broker Andrew Godber / Peter Steel +44 (0) 20 7886 2500 Whitman Howard Limited Joint Broker Nick Lovering / Francis North +44 (0) 207 659 1234
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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) Name Stuart Bladen
--- ------------------------------ ------------------------------------------------------------------------
2 Reason for Notification
--- --------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------------ ------------------------------------------------------------------------
b) Initial Initial Notification
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 VGG3338A1075
instrument,
type of
instrument
Identification
code
--- ------------------------------ ------------------------------------------------------------------------
b) Nature of Grant of options by the Company under
the transaction the Falanx Group Long Term Incentive Plan.
Subject to performances conditions and
vesting dates as follows: Date from which No. of Ordinary
Options are exercisable, Shares over which
post date of the Options can
Grant: 24(th) be exercised
January 2017
("Date of Grant")
--------------------------- -------------------
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 412,500
--------------------------- -------------------
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 412,500
--------------------------- -------------------
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 425,000
--------------------------- -------------------
To the extent that the relevant performance
conditions are met as set out above, then
the Options can be exercised at 5.875p
per Ordinary Share. Any Options remaining
unexercised on 24(th) January 2020 will
automatically lapse.
--- ------------------------------ ------------------------------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
Nil 1,250,000
---------- ----------
--- ------------------------------ ------------------------------------------------------------------------
d) Aggregated N/A
information
* Aggregated volume
* Price
--- ------------------------------ ------------------------------------------------------------------------
e) Date of 24(th) January 2017
the transaction
--- ------------------------------ ------------------------------------------------------------------------
f) Place of Outside a trading venue
the transaction
--- ------------------------------ ------------------------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- --------------------------------------------------------------------------------------------------
a) Name Emma Shaw
--- ------------------------ ------------------------------------------------------------------------
2 Reason for Notification
--- --------------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
--- ------------------------ ------------------------------------------------------------------------
b) Initial Initial Notification
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 VGG3338A1075
instrument,
type of
instrument
Identification
code
--- ------------------------ ------------------------------------------------------------------------
b) Nature of Grant of options by the Company under
the transaction the Falanx Group Long Term Incentive Plan.
Subject to performances conditions and
vesting dates as follows: Date from which No. of Ordinary
Options are exercisable, Shares over which
post date of the Options can
Grant: 24(th) be exercised
January 2017
("Date of Grant")
--------------------------- -------------------
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 247,500
--------------------------- -------------------
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 247,500
--------------------------- -------------------
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 255,000
--------------------------- -------------------
To the extent that the relevant performance
conditions are met as set out above, then
the Options can be exercised at 5.875p
per Ordinary Share. Any Options remaining
unexercised on 24(th) January 2020 will
automatically lapse.
--- ------------------------ ------------------------------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
Nil 750,000
---------- ----------
--- ------------------------ ------------------------------------------------------------------------
d) Aggregated N/A
information
- Aggregated
volume
- Price
--- ------------------------ ------------------------------------------------------------------------
e) Date of 24(th) January 2017
the transaction
--- ------------------------ ------------------------------------------------------------------------
f) Place of Outside a trading venue
the transaction
--- ------------------------ ------------------------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- --------------------------------------------------------------------------------------------------
a) Name John Blamire
--- ------------------------ ------------------------------------------------------------------------
2 Reason for Notification
--- --------------------------------------------------------------------------------------------------
a) Position/status Director
--- ------------------------ ------------------------------------------------------------------------
b) Initial Initial Notification
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 VGG3338A1075
instrument,
type of
instrument
Identification
code
--- ------------------------ ------------------------------------------------------------------------
b) Nature of Grant of options by the Company under
the transaction the Falanx Group Long Term Incentive Plan.
Subject to performances conditions and
vesting dates as follows: Date from which No. of Ordinary
Options are exercisable, Shares over which
post date of the Options can
Grant: 24(th) be exercised
January 2017
("Date of Grant")
--------------------------- -------------------
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 165,000
--------------------------- -------------------
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 165,000
--------------------------- -------------------
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 170,000
--------------------------- -------------------
To the extent that the relevant performance
conditions are met as set out above, then
the Options can be exercised at 5.875p
per Ordinary Share. Any Options remaining
unexercised on 24(th) January 2020 will
automatically lapse.
--- ------------------------ ------------------------------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
Nil 500,000
---------- ----------
--- ------------------------ ------------------------------------------------------------------------
d) Aggregated N/A
information
- Aggregated
volume
- Price
--- ------------------------ ------------------------------------------------------------------------
e) Date of 24(th) January 2017
the transaction
--- ------------------------ ------------------------------------------------------------------------
f) Place of Outside a trading venue
the transaction
--- ------------------------ ------------------------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- --------------------------------------------------------------------------------------------------
a) Name Jay Abbott
--- ------------------------ ------------------------------------------------------------------------
2 Reason for Notification
--- --------------------------------------------------------------------------------------------------
a) Position/status Managing Director, Cyber Defence
--- ------------------------ ------------------------------------------------------------------------
b) Initial Initial Notification
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 VGG3338A1075
instrument,
type of
instrument
Identification
code
--- ------------------------ ------------------------------------------------------------------------
b) Nature of Grant of options by the Company under
the transaction the Falanx Group Long Term Incentive Plan.
Subject to performances conditions and
vesting dates as follows: Date from which No. of Ordinary
Options are exercisable, Shares over which
post date of the Options can
Grant: 24(th) be exercised
January 2017
("Date of Grant")
--------------------------- -------------------
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 165,000
--------------------------- -------------------
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 165,000
--------------------------- -------------------
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 170,000
--------------------------- -------------------
To the extent that the relevant performance
conditions are met as set out above, then
the Options can be exercised at 5.875p
per Ordinary Share. Any Options remaining
unexercised on 24(th) January 2020 will
automatically lapse.
--- ------------------------ ------------------------------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
Nil 500,000
---------- ----------
--- ------------------------ ------------------------------------------------------------------------
d) Aggregated N/A
information
- Aggregated
volume
- Price
--- ------------------------ ------------------------------------------------------------------------
e) Date of 24(th) January 2017
the transaction
--- ------------------------ ------------------------------------------------------------------------
f) Place of Outside a trading venue
the transaction
--- ------------------------ ------------------------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- --------------------------------------------------------------------------------------------------
a) Name Efua Forson
--- ------------------------ ------------------------------------------------------------------------
2 Reason for Notification
--- --------------------------------------------------------------------------------------------------
a) Position/status Group Financial Controller
--- ------------------------ ------------------------------------------------------------------------
b) Initial Initial Notification
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 VGG3338A1075
instrument,
type of
instrument
Identification
code
--- ------------------------ ------------------------------------------------------------------------
b) Nature of Grant of options by the Company under
the transaction the Falanx Group Long Term Incentive Plan.
Subject to performances conditions and
vesting dates as follows: Date from which No. of Ordinary
Options are exercisable, Shares over which
post date of the Options can
Grant: 24(th) be exercised
January 2017
("Date of Grant")
--------------------------- -------------------
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 33,000
--------------------------- -------------------
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 33,000
--------------------------- -------------------
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 34,000
--------------------------- -------------------
To the extent that the relevant performance
conditions are met as set out above, then
the Options can be exercised at 5.875p
per Ordinary Share. Any Options remaining
unexercised on 24(th) January 2020 will
automatically lapse.
--- ------------------------ ------------------------------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
Nil 100,000
---------- ----------
--- ------------------------ ------------------------------------------------------------------------
d) Aggregated N/A
information
- Aggregated
volume
- Price
--- ------------------------ ------------------------------------------------------------------------
e) Date of 24(th) January 2017
the transaction
--- ------------------------ ------------------------------------------------------------------------
f) Place of Outside a trading venue
the transaction
--- ------------------------ ------------------------------------------------------------------------
Name of authorised official of issuer responsible for making notification:
Mr Mike Read, Chairman, 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
DSHGBGDBCBDBGRU
(END) Dow Jones Newswires
January 25, 2017 02:00 ET (07:00 GMT)
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