Corero Network Security PLC Director/PDMR Shareholding (8113W)

TIDMCNS

RNS Number : 8113W

Corero Network Security PLC

13 December 2019

13 December 2019

Corero Network Security plc

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

Director/PDMR Shareholding

Further to the announcements made on 25 November 2019, the Result of General Meeting announcement released on 12 December 2019 and Admission of the New Ordinary Shares to AIM becoming effective this morning, the Company makes the following disclosures in respect of the participation in the Subscription by certain of the Directors of the Company.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

 
 Director          Number of Ordinary            Number of           Resulting          Resulting 
                          Shares held         New Ordinary           number of            holding 
                       on 22 November    Shares subscribed     Ordinary Shares    as a percentage 
                                 2019           for in the    held immediately    of the Enlarged 
                                              Subscription           following      Share Capital 
                                                                     Admission 
                                                32,917,797         187,300,406 
 Jens Montanana           154,382,609                  (1)                 (2)             37.85% 
                  -------------------  -------------------  ------------------  ----------------- 
 Richard Last               2,000,000              500,000           2,500,000              0.51% 
                  -------------------  -------------------  ------------------  ----------------- 
 

(1) 10,000,000 New Ordinary Shares subscribed for by Jens Montanana in his personal capacity and 22,917,797 New Ordinary Shares were subscribed for by The New Millennium Technology Trust of which Jens Montanana is a beneficiary.

(2) 33,674,846 Ordinary Shares are held in the name of JPM International Limited, which is wholly owned by Jens Montanana, 125,871,751 Ordinary Shares are held in the name of The New Millennium Technology Trust of which Jens Montanana is a beneficiary and 27,753,809 are held on his own account.

Defined terms used in this announcement not otherwise defined shall have the same meanings as those terms defined and used in the Circular dated 25 November 2019.

Enquiries:

 
 Corero Network Security plc 
 Andrew Miller, CFO                             Tel: [phone] 
 
 Cenkos Securities plc                          Tel: [phone] 
 Ben Jeynes/Mark Connelly - NOMAD 
  Michael Johnson - Sales 
 
 Vigo Communications                            Tel: [phone] 
 Jeremy Garcia / Ben Simons / Antonia Pollock 
  [e-mail] 
 

NOTIFICATIONS 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                              1. Jens Montanana 
                                          2. The New Millennium Technology 
                                          Trust 
      ---------------------------  ----------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------- 
 a)    Position/status                   1. Chairman 
                                          2. Person closely associated with 
                                          Jens Montanana 
      ---------------------------  ----------------------------------------------- 
 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 the           Ordinary shares of 1 pence each 
        financial instrument, 
        type of instrument 
 
       Identification code          GB00B54X0432 
 
 b)    Nature of the transaction    Subscription for new ordinary shares 
      ---------------------------  ----------------------------------------------- 
 c)    Price(s) and volume(s) 
                                         ---------------  -------------------- 
                                          Price(s)         Volume(s) 
                                         ---------------  -------------------- 
                                               1. 3.50p         1. 10,000,000 
                                                2. 3.50p         2. 22,917,797 
                                         ---------------  -------------------- 
 
 d)    Aggregated information       n/a - single transaction 
 
       - Aggregated volume 
 
       - Price 
 
 e)    Date of the transaction      13 December 2019 
      ---------------------------  ----------------------------------------------- 
 f)    Place of the transaction     Outside 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         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 the           Ordinary shares of 1 pence each 
        financial instrument, 
        type of instrument 
 
       Identification code          GB00B54X0432 
 
 b)    Nature of the transaction    Subscription for new ordinary shares 
      ---------------------------  ----------------------------------------------- 
 c)    Price(s) and volume(s) 
                                         ---------------  -------------------- 
                                          Price(s)         Volume(s) 
                                         ---------------  -------------------- 
                                          3.50p            500,000 
                                         ---------------  -------------------- 
 
 d)    Aggregated information       n/a - single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction      13 December 2019 
      ---------------------------  ----------------------------------------------- 
 f)    Place of the transaction     Outside 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 [e-mail] or visit www.rns.com.

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December 13, 2019 04:53 ET (09:53 GMT)