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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Corero Network Security Plc | LSE:CNS | London | Ordinary Share | GB00B54X0432 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 12.00 | 11.50 | 12.50 | 12.00 | 12.00 | 12.00 | 130,796 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Computers & Software-whsl | 20.12M | 554k | 0.0011 | 109.09 | 61.06M |
From Apr 2019 to Apr 2024
TIDMCNS
RNS Number : 3694Q
Corero Network Security PLC
05 June 2018
5 June 2018
Corero Network Security plc
("Corero," the "Company" or the 'Group')
Cancellation and Grant of Options
Corero Network Security plc (AIM: CNS), the AIM listed network security company, announces that pursuant to the announcement made by the Company on 10 May 2018, certain existing options over new ordinary shares of one pence each ("Ordinary Shares") granted to Jens Montanana and Andrew Miller ("Existing CP Share Options") have been cancelled and new options over the same number of new Ordinary Shares ("Regrant CP Share Options") have been granted to them at a revised exercise price as detailed below. The cancellation and regrant was approved by shareholders at today's AGM. Details of the cancellation of the Existing CP Share Options and the grant of Regrant CP Share Options is set out below.
Hot Features
Premium
Name Role Number of Number Number Relevant Subsequent
Existing of Existing of Regrant scheme number
CP Share CP Share CP Share under of CP
Options Options Options which Share
held prior cancelled granted the Regrant Options
to the cancellation CP Share held
and grant Options
of New Options have been
granted
Executive
Andrew Miller CFO 4,415,000 2,356,000 2,356,000 EMI 4,415,000
---------- --------------------- ------------- ------------ ------------- -----------
Jens Montanana Chairman 1,419,000 425,000 425,000 Unapproved 1,419,000
---------- --------------------- ------------- ------------ ------------- -----------
"Executive EMI" refers to the Corero Executive EMI Option Plan
"Unapproved" refers to the Corero Unapproved Share Option Plan
The Regrant CP Share Options carry an exercise price of 13.6 pence per Ordinary Share, being the weighted average price of the Company fundraises from 2010 up to 8 June 2017 (being the date in which certain share options of other directors and employees were cancelled and regranted as announced on 9 June 2017), and they will vest in equal proportions on 8 June 2018, 8 June 2019 and 8 June 2020 to match the vesting of the regrant share options granted to other directors and employees on 8 June 2017. Any new Ordinary Shares issued pursuant to the exercise of the Regrant CP Share Options may not be sold or otherwise transferred until 8 June 2019 being the second anniversary of the date of grant of the regrant share options to other directors and employees. There are no performance conditions associated to the vesting of the Regrant CP Share Options.
Capitalised terms used in this announcement shall have the same meaning as those definitions set out in the Circular to shareholders dated 10 May 2018.
Enquiries:
Corero Network Security plc
Andrew Miller, CFO Tel: 01895 876 382
Cenkos Securities plc Tel: 020 7397 8900
Mark Connelly - NOMAD
Michael Johnson - Sales
Vigo Communications Tel: 020 7830 9703
Jeremy Garcia / Ben Simons
corero@vigocomms.com
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
---- --------------------------------------------------------------------------------------
a. Name Jens Montanana
---------------------------------------------------------
2 Reason for notification
--------------------------- ---------------------------------------------------------
a. Position/Status Chairman
--------------------------- ---------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
--------------------------- ---------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a. Name Corero Network Security plc
---------------------------
b. LEI 2138001EVYT2OI1C4Y98
--------------------------- ---------------------------------------------------------
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 Ordinary Shares of 1p each
the financial
instrument, type
of instrument
ISIN: GB00B54X0432
Identification
Code
--------------------------- ---------------------------------------------------------
b. Nature of the Grant of share options
transaction
--------------------------- ---------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
--------------------------- ------------
Nil 425,000
-------------------------------------------------- ------------
d. Aggregated information
- Aggregated Volume N/A - single transaction
- Price
--------------------------- ---------------------------------------------------------
e. Date of the transaction 5 June 2018
--------------------------- ---------------------------------------------------------
f. Place of the transaction N/A
--------------------------- ---------------------------------------------------------
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
---- ------------------------------------------------------------------------------------
a. Name Andrew Miller
-------------------------------------------------------
2 Reason for notification
--------------------------- -------------------------------------------------------
a. Position/Status CFO
--------------------------- -------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
--------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a. Name Corero Network Security plc
---------------------------
b. LEI 2138001EVYT2OI1C4Y98
--------------------------- -------------------------------------------------------
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 Ordinary Shares of 1p each
the financial
instrument, type
of instrument
ISIN: GB00B54X0432
Identification
Code
--------------------------- -------------------------------------------------------
b. Nature of the Grant of share options
transaction
--------------------------- -------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
--------------------------- ------------
Nil 2,356,000
-------------------------------------------------- -----------
d. Aggregated information
- Aggregated Volume N/A - single transaction
- Price
--------------------------- -------------------------------------------------------
e. Date of the transaction 5 June 2018
--------------------------- -------------------------------------------------------
f. Place of the transaction N/A
--------------------------- -------------------------------------------------------
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
IOESSLFEIFASESM
(END) Dow Jones Newswires
June 05, 2018 08:08 ET (12:08 GMT)
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