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CNS Corero Network Security Plc

12.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
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 12.00 371,224 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

Corero Network Security PLC Grant of Options (6692E)

22/10/2018 7:00am

UK Regulatory


Corero Network Security (LSE:CNS)
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From Apr 2019 to Apr 2024

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TIDMCNS

RNS Number : 6692E

Corero Network Security PLC

22 October 2018

22 October 2018

Corero Network Security plc

("Corero", the "Company" or the "Group")

Grant of Options

Corero Network Security plc (AIM: CNS), the AIM listed network security company, announces that on 19 October 2018, options were granted over a total of 4,500,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") to the Directors of the Company ("Options") as set out below.

 
     Director                 Role                            Options                Relevant          Subsequent 
                                                              granted           Option scheme           number of 
                                                                                                     Options held 
                              Chief Executive 
     Ashley Stephenson         Officer                      2,400,000              Unapproved           7,919,000 
                         ----------------------------  --------------  ----------------------  ------------------ 
                              Chief Financial                                       Executive 
     Andrew Miller             Officer                      1,500,000        EMI / Unapproved           5,915,000 
                         ----------------------------  --------------  ----------------------  ------------------ 
     Jens Montanana           Non-executive Chairman          400,000              Unapproved           1,819,000 
                         ----------------------------  --------------  ----------------------  ------------------ 
     Richard Last             Non-executive Director          200,000              Unapproved             830,000 
                         ----------------------------  --------------  ----------------------  ------------------ 
 

"Unapproved" = Corero Unapproved Share Option Plan

"Executive EMI" = Corero Executive EMI Option Plan

The Options carry an exercise price of 10.95 pence per Ordinary Share, which equates to the closing mid-market price of an Ordinary Share on 18 October 2018, and vest in equal proportions on the first, second and third anniversaries of being granted. Any new Ordinary Shares issued pursuant to the exercise of the Options may not be sold or otherwise transferred until the second anniversary of the date of being granted.

In addition to the grant of the above Options to the Directors, Options over a total of 6,351,000 new Ordinary Shares were granted to Group employees. Following the grant of these Options, the Company has granted Options over 35,249,332 new Ordinary Shares, representing 8.8% of the Company's total issued ordinary share capital.

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 7390 0230 
     Jeremy Garcia / Ben Simons / Antonia Pollock 
      corero@vigocomms.com 
 
 

About Corero Network Security

Corero Network Security is a leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and digital enterprises rely on Corero's award winning technology to eliminate the DDoS threat to their environment through automatic attack detection and mitigation, coupled with complete network visibility, analytics and reporting. This industry leading technology provides cost effective, scalable protection capabilities against DDoS attacks in the most complex environments while enabling a more cost effective economic model than previously available. For more information, visit www.corero.com

 
     1         Details of the person discharging managerial responsibilities/person 
                closely associated 
     a)        Name:                                        Ashley Stephenson 
          -------------------------------------------  --------------------------------------- 
     2         Reason for the notification 
          ------------------------------------------------------------------------------------ 
     a)        Position/Status:                             Chief Executive Officer 
          -------------------------------------------  --------------------------------------- 
     b)        Initial Notification/Amendment:              Initial Notification 
          -------------------------------------------  --------------------------------------- 
     3         Details of the issuer, emission allowance market participation, 
                auction platform, auctioneer or auction monitor 
          ------------------------------------------------------------------------------------ 
     a)        Name:                                        Corero Network Security plc 
          -------------------------------------------  --------------------------------------- 
     b)        LEI:                                         2138001EVYT2OI1C4Y98 
          -------------------------------------------  --------------------------------------- 
     4.        Details of 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 financial                 Ordinary Shares of 1 pence each 
                instrument:                                  ISIN: GB00B54X0432 
                Identification code: 
          -------------------------------------------  --------------------------------------- 
     b)        Nature of the transaction:                   Grant of share options 
          -------------------------------------------  --------------------------------------- 
     c)        Price(s) and volume(s):                         Price(s)            Volume(s) 
          -------------------------------------------  -------------------  ------------------ 
                                       Nil                                         2,400,000 
  ------------------------------------------------------------------------  ------------------ 
     d)        Aggregated volume:                           N/A - single transaction 
                Price: 
          -------------------------------------------  --------------------------------------- 
     e)        Date of the Transaction:                     19 October 2018 
          -------------------------------------------  --------------------------------------- 
     f)        Place of the Transaction:                    Outside of a trading venue 
          -------------------------------------------  --------------------------------------- 
 
 
     1         Details of the person discharging managerial responsibilities/person 
                closely associated 
     a)        Name:                                        Andrew Miller 
          -------------------------------------------  --------------------------------------- 
     2         Reason for the notification 
          ------------------------------------------------------------------------------------ 
     a)        Position/Status:                             Chief Financial Officer 
          -------------------------------------------  --------------------------------------- 
     b)        Initial Notification/Amendment:              Initial Notification 
          -------------------------------------------  --------------------------------------- 
     3         Details of the issuer, emission allowance market participation, 
                auction platform, auctioneer or auction monitor 
          ------------------------------------------------------------------------------------ 
     a)        Name:                                        Corero Network Security plc 
          -------------------------------------------  --------------------------------------- 
     b)        LEI:                                         2138001EVYT2OI1C4Y98 
          -------------------------------------------  --------------------------------------- 
     4.        Details of 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 financial                 Ordinary Shares of 1 pence each 
                instrument:                                  ISIN: GB00B54X0432 
                Identification code: 
          -------------------------------------------  --------------------------------------- 
     b)        Nature of the transaction:                   Grant of share options 
          -------------------------------------------  --------------------------------------- 
     c)        Price(s) and volume(s):                         Price(s)            Volume(s) 
          -------------------------------------------  -------------------  ------------------ 
                                       Nil                                         1,500,000 
  ------------------------------------------------------------------------  ------------------ 
     d)        Aggregated volume:                           N/A - single transaction 
                Price: 
          -------------------------------------------  --------------------------------------- 
     e)        Date of the Transaction:                     19 October 2018 
          -------------------------------------------  --------------------------------------- 
     f)        Place of the Transaction:                    Outside of a trading venue 
          -------------------------------------------  --------------------------------------- 
 
 
     1         Details of the person discharging managerial responsibilities/person 
                closely associated 
     a)        Name:                                        Jens Montanana 
          -------------------------------------------  --------------------------------------- 
     2         Reason for the notification 
          ------------------------------------------------------------------------------------ 
     a)        Position/Status:                             Non-executive Director 
          -------------------------------------------  --------------------------------------- 
     b)        Initial Notification/Amendment:              Initial Notification 
          -------------------------------------------  --------------------------------------- 
     3         Details of the issuer, emission allowance market participation, 
                auction platform, auctioneer or auction monitor 
          ------------------------------------------------------------------------------------ 
     a)        Name:                                        Corero Network Security plc 
          -------------------------------------------  --------------------------------------- 
     b)        LEI:                                         2138001EVYT2OI1C4Y98 
          -------------------------------------------  --------------------------------------- 
     4.        Details of 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 financial                 Ordinary Shares of 1 pence each 
                instrument:                                  ISIN: GB00B54X0432 
                Identification code: 
          -------------------------------------------  --------------------------------------- 
     b)        Nature of the transaction:                   Grant of share options 
          -------------------------------------------  --------------------------------------- 
     c)        Price(s) and volume(s):                         Price(s)            Volume(s) 
          -------------------------------------------  -------------------  ------------------ 
                                       Nil                                          400,000 
  ------------------------------------------------------------------------  ------------------ 
     d)        Aggregated volume:                           N/A - single transaction 
                Price: 
          -------------------------------------------  --------------------------------------- 
     e)        Date of the Transaction:                     19 October 2018 
          -------------------------------------------  --------------------------------------- 
     f)        Place of the Transaction:                    Outside of a trading venue 
          -------------------------------------------  --------------------------------------- 
 
 
     1         Details of the person discharging managerial responsibilities/person 
                closely associated 
     a)        Name:                                        Richard Last 
          -------------------------------------------  --------------------------------------- 
     2         Reason for the notification 
          ------------------------------------------------------------------------------------ 
     a)        Position/Status:                             Non-executive Director 
          -------------------------------------------  --------------------------------------- 
     b)        Initial Notification/Amendment:              Initial Notification 
          -------------------------------------------  --------------------------------------- 
     3         Details of the issuer, emission allowance market participation, 
                auction platform, auctioneer or auction monitor 
          ------------------------------------------------------------------------------------ 
     a)        Name:                                        Corero Network Security plc 
          -------------------------------------------  --------------------------------------- 
     b)        LEI:                                         2138001EVYT2OI1C4Y98 
          -------------------------------------------  --------------------------------------- 
     4.        Details of 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 financial                 Ordinary Shares of 1 pence each 
                instrument:                                  ISIN: GB00B54X0432 
                Identification code: 
          -------------------------------------------  --------------------------------------- 
     b)        Nature of the transaction:                   Grant of share options 
          -------------------------------------------  --------------------------------------- 
     c)        Price(s) and volume(s):                         Price(s)            Volume(s) 
          -------------------------------------------  -------------------  ------------------ 
                                       Nil                                          200,000 
  ------------------------------------------------------------------------  ------------------ 
     d)        Aggregated volume:                           N/A - single transaction 
                Price: 
          -------------------------------------------  --------------------------------------- 
     e)        Date of the Transaction:                     19 October 2018 
          -------------------------------------------  --------------------------------------- 
     f)        Place of the Transaction:                    Outside of a trading venue 
          -------------------------------------------  --------------------------------------- 
 

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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October 22, 2018 02:00 ET (06:00 GMT)

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