Starcom PLC Director/PDMR Shareholding (6051E)

TIDMSTAR

RNS Number : 6051E

Starcom PLC

19 July 2016

19 July 2016

Starcom Plc

("Starcom" or "the Company")

Director/PDMR transaction

Wireless remote tracking and monitoring products company Starcom Plc (AIM: STAR) is pleased to announce that, further to the approval of the Starcom PLC Share Option Scheme by the Company's shareholders at the recent Annual General Meeting and as envisaged in the Chairman's statement in the 2015 Report and Accounts, options have been granted over a total of 4,400,000 Ordinary Shares (representing 3.2 per cent. of the Company's issued share capital) as follows:-

 
 Avi Hartmann         800,000 
 Avi Engel            1,000,000 
 Michael Rosenberg    1,000,000 
 Uri Hartman          800,000 
 Doron Kedem          800,000 
 

The options are exercisable at 5p per share (compared to (i) yesterday's mid market closing price of 2.5p and (ii) 1.625p at the time of the proposed grant of options). The options vest 3 years after grant, except in the case of Michael Rosenberg and Avi Engel where the vesting period is 2 years. Any unexercised options expire at the end of 10 years from grant.

-ends-

For further information, please contact:

 
 Starcom Plc 
 Michael Rosenberg, Chairman           07785 727 595 
                                       [phone] 
 Avi Hartmann, CEO                      [phone] 
 Northland Capital Partners 
  Limited                              020 3861 6625 
 Nominated Adviser and Broker 
  Edward Hutton / David Hignell 
  (Corporate Finance) 
 
  John Howes / Abigail Wayne 
  (Sales and Broking) 
 Peterhouse Corporate Finance 
  Limited 
  Joint Broker                         020 7469 0930 
 Lucy Williams / Charles Goodfellow 
  / Eran Zucker 
 Leander PR 
  Financial PR 
 Christian Taylor-Wilkinson            020 7520 9267 
                                        07795 168 157 
 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014. The information set out below is provided in accordance with the requirements of Article 19(3) of that Regulation.

 
  1    Details of the persons discharging managerial 
        responsibilities I person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                            1. Avi Hartmann 
                                       2. Avi Engel 
                                       3. Michael Rosenberg 
                                       4. Uri Hartman 
                                       5. Doron Kedem 
---  -------------------------  ------------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status                 1. Chief Executive 
                                       2. Non-executive director 
                                       3. Non-executive director 
                                       4. Chief Technical Officer 
                                       5. Chief Operating Officer 
---  -------------------------  ------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ------------------------------------- 
 3      Details of the issuer 
---  ---------------------------------------------------------------- 
 a)   Name                       Starcom plc 
---  -------------------------  ------------------------------------- 
 b)   LEI                        n/a 
---  -------------------------  ------------------------------------- 
 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             Options over ordinary shares 
       the financial              of no par value 
       instrument, type 
       of instrument 
---  -------------------------  ------------------------------------- 
     Identification              ISIN: JE00B8WSDY21 
      code 
---  -------------------------  ------------------------------------- 
 b)   Nature of the              The options vest 3 years after 
       transaction                grant, except in the case of 
                                  Michael Rosenberg and Avi Engel 
                                  where the vesting period is 
                                  2 years.. Any unexercised options 
                                  expire at the end of 10 years 
                                  from grant. 
---  -------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)      Option Price(s)   Volume(s) 
                                  ----------------  ---------- 
                                        1. 5p        800,000 
                                  ----------------  ---------- 
                                        2. 5p       1,000,000 
                                  ----------------  ---------- 
                                        3. 5p       1,000,000 
                                  ----------------  ---------- 
                                        4. 5p        800,000 
                                  ----------------  ---------- 
                                        5. 5p        800,000 
                                  ----------------  ---------- 
---  -------------------------  ------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume         *    Options over 4,400,000 shares 
       - Price 
 
                                   *    5p per share 
---  -------------------------  ------------------------------------- 
 e)   Date of the transaction    19 July 2016 
---  -------------------------  ------------------------------------- 
 f)   Place of the transaction   Shares issued on exercise of 
                                  options to be admitted to trading 
                                  on AIM, London Stock Exchange 
---  -------------------------  ------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 19, 2016 06:58 ET (10:58 GMT)