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CLSU Clearstar Inc.

39.50
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Clearstar Inc. LSE:CLSU London Ordinary Share KYG2294M1134 ORD USD0.0001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 39.50 39.00 40.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

ClearStar,Inc. Grant and Reissue of Options (3411T)

03/07/2018 7:00am

UK Regulatory


Clearstar (LSE:CLSU)
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TIDMCLSU TIDMTTM

RNS Number : 3411T

ClearStar,Inc.

03 July 2018

3 July 2018

ClearStar, Inc.

("ClearStar" or the "Company")

Grant and Reissue of Options

ClearStar (AIM: CLSU), the technology and service provider to the background check industry, announces that, after market close on 2 July 2018 (the "Grant Date"), it cancelled and reissued 1,293,000 options ("Reissued Options") over new ordinary shares of US$0.0001 each in the Company ("Ordinary Shares") to certain employees, including persons discharging managerial responsibilities ("PDMRs") and an Executive Director, of the Company under the ClearStar Share Option Incentive scheme. In addition, on the same date, the Company granted 544,600 options ("New Options") over Ordinary Shares to certain employees, including PDMRs and Executive Directors of the Company, also under the ClearStar Share Option Incentive scheme.

The Reissued Options and New Options will expire on the fifth anniversary of the Grant Date, with an exercise price of 85 US cents per Ordinary Share, representing the closing price of the Company's Ordinary Shares on AIM on 2 July 2018 of 64.5 pence translated into US$ at the prevailing exchange rate (GBP1:$1.313). The Reissued Options replace the options that were put in place at the time of the Company's IPO and shortly after the IPO. These options were due to expire in 2019 and 2020 respectively and have therefore been reissued to provide long-term incentivisation to a number of key employees.

Following the grant, the Company has a total of 2,314,765 options outstanding over Ordinary Shares, representing options over 6.4% of its total existing issued and outstanding ordinary share capital. There are no shares held in treasury.

The Reissued Options and New Options have been granted to PDMRs and Directors as follows:

 
 PDMR/Director                Number of Reissued   Number of New       Total number 
                                         Options         Options    of options held 
 Jennifer Balleza                         30,000           6,000             69,000 
                             -------------------  --------------  ----------------- 
 Kenneth Dawson (Director)                     -         186,000            186,000 
                             -------------------  --------------  ----------------- 
 Nicolas Dufour                          105,000          21,000            186,000 
                             -------------------  --------------  ----------------- 
 Sherrie Franks                           75,000          15,000            123,000 
                             -------------------  --------------  ----------------- 
 Andrew Hellman                          105,000          21,000            159,000 
                             -------------------  --------------  ----------------- 
 Traci Ivester                           105,000          21,000            186,000 
                             -------------------  --------------  ----------------- 
 David Pattillo (Director)               105,000          21,000            186,000 
                             -------------------  --------------  ----------------- 
 Todd Shoulberg                          105,000          21,000            186,000 
                             -------------------  --------------  ----------------- 
 

Enquiries

 
 ClearStar, Inc. 
 Robert J. Vale, Chief Executive Officer 
  David Pattillo, Chief Financial Officer     +1 770 416 1900 
                                             ----------------- 
 
 finnCap Ltd. 
                                             ----------------- 
 Jonny Franklin-Adams, Simon Hicks 
  - Corporate Finance 
  Andrew Burdis, Abigail Wayne - Corporate 
  Broking                                     +44 20 7220 0500 
                                             ----------------- 
 
 Luther Pendragon Ltd. 
                                             ----------------- 
 Harry Chathli, Claire Norbury                +44 20 7618 9100 
                                             ----------------- 
 

About ClearStar

ClearStar, Inc. is a leading and trusted background check technology, medical screening, strategic services, and decision-making information provider to employers and background screening companies.

A seven-time Inc. 5000 honouree and founding member of the National Association of Professional Background Screeners, ClearStar has provided innovative technology solutions to businesses in the human capital management industry from its corporate offices in Alpharetta, Georgia since 1995. For more information about ClearStar, please visit: www.clearstar.net.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

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)              Name                        Kenneth Dawson 
                --------------------------  ------------------------------------------ 
            2.   Reason for the Notification 
                ---------------------------------------------------------------------- 
 a)              Position/status             Chief Information Officer and 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                        ClearStar, Inc. 
                --------------------------  ------------------------------------------ 
 b)              LEI                         213800C2DK3HCM3R9T19 
                --------------------------  ------------------------------------------ 
 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 US$0.0001 
                  Financial instrument, 
                  type of instrument 
                 Identification code         KYG2294M1134 
                --------------------------  ------------------------------------------ 
 b)              Nature of the transaction   Grant of options over Ordinary Shares 
                --------------------------  ------------------------------------------ 
 c)              Price(s) and volume(s)       Price(s)       Volume(s) 
                                               85 US cents    186,000 
                                                             ---------- 
                --------------------------  ------------------------------------------ 
 d)              Aggregated information: 
                   *    Aggregated volume     186,000 
                                               85 US cents 
 
                   *    Price 
                --------------------------  ------------------------------------------ 
 e)              Date of the transaction     2 July 2018 
                --------------------------  ------------------------------------------ 
 f)              Place of the transaction    Off-market transaction 
                --------------------------  ------------------------------------------ 
 
 
 1.              Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                        David Pattillo 
                --------------------------  ------------------------------------------------ 
            2.   Reason for the Notification 
                ---------------------------------------------------------------------------- 
 a)              Position/status             Chief Financial Officer and 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                        ClearStar, Inc. 
                --------------------------  ------------------------------------------------ 
 b)              LEI                         213800C2DK3HCM3R9T19 
                --------------------------  ------------------------------------------------ 
 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 US$0.0001 
                  Financial instrument, 
                  type of instrument 
                 Identification code         KYG2294M1134 
                --------------------------  ------------------------------------------------ 
 b)              Nature of the transaction   Cancellation and reissue of options, 
                                              and grant of new options over Ordinary 
                                              Shares 
                --------------------------  ------------------------------------------------ 
 c)              Price(s) and volume(s)       Price(s)       Volume(s) 
                                               85 US cents    105,000 cancelled and reissued 
                                                85 US cents    options 
                                                               21,000 new options granted 
                                                             ------------------------------- 
                --------------------------  ------------------------------------------------ 
 d)              Aggregated information: 
                   *    Aggregated volume     126,000 
                                               85 US cents 
 
                   *    Price 
                --------------------------  ------------------------------------------------ 
 e)              Date of the transaction     2 July 2018 
                --------------------------  ------------------------------------------------ 
 f)              Place of the transaction    Off-market transaction 
                --------------------------  ------------------------------------------------ 
 
 
 1.              Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                         Jennifer Balleza 
                --------------------------  ----------------------------------------------- 
            2.   Reason for the Notification 
                --------------------------------------------------------------------------- 
 a)              Position/status             PDMR 
                --------------------------  ----------------------------------------------- 
 b)              Initial notification        Initial notification 
                  /Amendment 
                --------------------------  ----------------------------------------------- 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                --------------------------------------------------------------------------- 
 a)              Name                        ClearStar, Inc. 
                --------------------------  ----------------------------------------------- 
 b)              LEI                         213800C2DK3HCM3R9T19 
                --------------------------  ----------------------------------------------- 
 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 US$0.0001 
                  Financial instrument, 
                  type of instrument 
                 Identification code         KYG2294M1134 
                --------------------------  ----------------------------------------------- 
 b)              Nature of the transaction   Cancellation and reissue of options, 
                                              and grant of new options over Ordinary 
                                              Shares 
                --------------------------  ----------------------------------------------- 
 c)              Price(s) and volume(s)       Price(s)       Volume(s) 
                                               85 US cents    30,000 cancelled and reissued 
                                                85 US cents    options 
                                                               6,000 new options granted 
                                                             ------------------------------ 
                --------------------------  ----------------------------------------------- 
 d)              Aggregated information: 
                   *    Aggregated volume     36,000 
                                               85 US cents 
 
                   *    Price 
                --------------------------  ----------------------------------------------- 
 e)              Date of the transaction     2 July 2018 
                --------------------------  ----------------------------------------------- 
 f)              Place of the transaction    Off-market transaction 
                --------------------------  ----------------------------------------------- 
 
 
 1.              Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                        Nicolas Dufour 
                --------------------------  ------------------------------------------------ 
            2.   Reason for the Notification 
                ---------------------------------------------------------------------------- 
 a)              Position/status             PDMR 
                --------------------------  ------------------------------------------------ 
 b)              Initial notification        Initial notification 
                  /Amendment 
                --------------------------  ------------------------------------------------ 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ---------------------------------------------------------------------------- 
 a)              Name                        ClearStar, Inc. 
                --------------------------  ------------------------------------------------ 
 b)              LEI                         213800C2DK3HCM3R9T19 
                --------------------------  ------------------------------------------------ 
 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 US$0.0001 
                  Financial instrument, 
                  type of instrument 
                 Identification code         KYG2294M1134 
                --------------------------  ------------------------------------------------ 
 b)              Nature of the transaction   Cancellation and reissue of options, 
                                              and grant of new options over Ordinary 
                                              Shares 
                --------------------------  ------------------------------------------------ 
 c)              Price(s) and volume(s)       Price(s)       Volume(s) 
                                               85 US cents    105,000 cancelled and reissued 
                                                85 US cents    options 
                                                               21,000 new options granted 
                                                             ------------------------------- 
                --------------------------  ------------------------------------------------ 
 d)              Aggregated information: 
                   *    Aggregated volume     126,000 
                                               85 US cents 
 
                   *    Price 
                --------------------------  ------------------------------------------------ 
 e)              Date of the transaction     2 July 2018 
                --------------------------  ------------------------------------------------ 
 f)              Place of the transaction    Off-market transaction 
                --------------------------  ------------------------------------------------ 
 
 
 1.              Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                        Sherrie Franks 
                --------------------------  ----------------------------------------------- 
            2.   Reason for the Notification 
                --------------------------------------------------------------------------- 
 a)              Position/status             PDMR 
                --------------------------  ----------------------------------------------- 
 b)              Initial notification        Initial notification 
                  /Amendment 
                --------------------------  ----------------------------------------------- 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                --------------------------------------------------------------------------- 
 a)              Name                        ClearStar, Inc. 
                --------------------------  ----------------------------------------------- 
 b)              LEI                         213800C2DK3HCM3R9T19 
                --------------------------  ----------------------------------------------- 
 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 US$0.0001 
                  Financial instrument, 
                  type of instrument 
                 Identification code         KYG2294M1134 
                --------------------------  ----------------------------------------------- 
 b)              Nature of the transaction   Cancellation and reissue of options, 
                                              and grant of new options over Ordinary 
                                              Shares 
                --------------------------  ----------------------------------------------- 
 c)              Price(s) and volume(s)       Price(s)       Volume(s) 
                                               85 US cents    75,000 cancelled and reissued 
                                                85 US cents    options 
                                                               15,000 new options granted 
                                                             ------------------------------ 
                --------------------------  ----------------------------------------------- 
 d)              Aggregated information: 
                   *    Aggregated volume     90,000 
                                               85 US cents 
 
                   *    Price 
                --------------------------  ----------------------------------------------- 
 e)              Date of the transaction     2 July 2018 
                --------------------------  ----------------------------------------------- 
 f)              Place of the transaction    Off-market transaction 
                --------------------------  ----------------------------------------------- 
 
 
 1.              Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                        Andrew Hellman 
                --------------------------  ------------------------------------------------ 
            2.   Reason for the Notification 
                ---------------------------------------------------------------------------- 
 a)              Position/status             PDMR 
                --------------------------  ------------------------------------------------ 
 b)              Initial notification        Initial notification 
                  /Amendment 
                --------------------------  ------------------------------------------------ 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ---------------------------------------------------------------------------- 
 a)              Name                        ClearStar, Inc. 
                --------------------------  ------------------------------------------------ 
 b)              LEI                         213800C2DK3HCM3R9T19 
                --------------------------  ------------------------------------------------ 
 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 US$0.0001 
                  Financial instrument, 
                  type of instrument 
                 Identification code         KYG2294M1134 
                --------------------------  ------------------------------------------------ 
 b)              Nature of the transaction   Cancellation and reissue of options, 
                                              and grant of new options over Ordinary 
                                              Shares 
                --------------------------  ------------------------------------------------ 
 c)              Price(s) and volume(s)       Price(s)       Volume(s) 
                                               85 US cents    105,000 cancelled and reissued 
                                                85 US cents    options 
                                                               21,000 new options granted 
                                                             ------------------------------- 
                --------------------------  ------------------------------------------------ 
 d)              Aggregated information: 
                   *    Aggregated volume     126,000 
                                               85 US cents 
 
                   *    Price 
                --------------------------  ------------------------------------------------ 
 e)              Date of the transaction     2 July 2018 
                --------------------------  ------------------------------------------------ 
 f)              Place of the transaction    Off-market transaction 
                --------------------------  ------------------------------------------------ 
 
 
 1.              Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                        Traci Ivester 
                --------------------------  ------------------------------------------------ 
            2.   Reason for the Notification 
                ---------------------------------------------------------------------------- 
 a)              Position/status             PDMR 
                --------------------------  ------------------------------------------------ 
 b)              Initial notification        Initial notification 
                  /Amendment 
                --------------------------  ------------------------------------------------ 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ---------------------------------------------------------------------------- 
 a)              Name                        ClearStar, Inc. 
                --------------------------  ------------------------------------------------ 
 b)              LEI                         213800C2DK3HCM3R9T19 
                --------------------------  ------------------------------------------------ 
 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 US$0.0001 
                  Financial instrument, 
                  type of instrument 
                 Identification code         KYG2294M1134 
                --------------------------  ------------------------------------------------ 
 b)              Nature of the transaction   Cancellation and reissue of options, 
                                              and grant of new options over Ordinary 
                                              Shares 
                --------------------------  ------------------------------------------------ 
 c)              Price(s) and volume(s)       Price(s)       Volume(s) 
                                               85 US cents    105,000 cancelled and reissued 
                                                85 US cents    options 
                                                               21,000 new options granted 
                                                             ------------------------------- 
                --------------------------  ------------------------------------------------ 
 d)              Aggregated information: 
                   *    Aggregated volume     126,000 
                                               85 US cents 
 
                   *    Price 
                --------------------------  ------------------------------------------------ 
 e)              Date of the transaction     2 July 2018 
                --------------------------  ------------------------------------------------ 
 f)              Place of the transaction    Off-market transaction 
                --------------------------  ------------------------------------------------ 
 
 
 1.              Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                        Todd Shoulberg 
                --------------------------  ------------------------------------------------ 
            2.   Reason for the Notification 
                ---------------------------------------------------------------------------- 
 a)              Position/status             PDMR 
                --------------------------  ------------------------------------------------ 
 b)              Initial notification        Initial notification 
                  /Amendment 
                --------------------------  ------------------------------------------------ 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ---------------------------------------------------------------------------- 
 a)              Name                        ClearStar, Inc. 
                --------------------------  ------------------------------------------------ 
 b)              LEI                         213800C2DK3HCM3R9T19 
                --------------------------  ------------------------------------------------ 
 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 US$0.0001 
                  Financial instrument, 
                  type of instrument 
                 Identification code         KYG2294M1134 
                --------------------------  ------------------------------------------------ 
 b)              Nature of the transaction   Cancellation and reissue of options, 
                                              and grant of new options over Ordinary 
                                              Shares 
                --------------------------  ------------------------------------------------ 
 c)              Price(s) and volume(s)       Price(s)       Volume(s) 
                                               85 US cents    105,000 cancelled and reissued 
                                                85 US cents    options 
                                                               21,000 new options granted 
                                                             ------------------------------- 
                --------------------------  ------------------------------------------------ 
 d)              Aggregated information: 
                   *    Aggregated volume     126,000 
                                               85 US cents 
 
                   *    Price 
                --------------------------  ------------------------------------------------ 
 e)              Date of the transaction     2 July 2018 
                --------------------------  ------------------------------------------------ 
 f)              Place of the transaction    Off-market transaction 
                --------------------------  ------------------------------------------------ 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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