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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 | 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 |
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.
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(END) Dow Jones Newswires
October 22, 2018 02:00 ET (06:00 GMT)
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