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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Falanx Group Limited | LSE:FLX | London | Ordinary Share | VGG3338A1075 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.525 | 0.50 | 0.55 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMFLX
RNS Number : 3843S
Falanx Group Limited
20 December 2016
Falanx Group Limited
("Falanx" or "the Company")
DIRECTOR DEALINGS AND GRANT OF SHARE OPTIONS
Falanx Group (AIM:FLX), the global intelligence, security and cyber defence provider, announces that on 19(th) December 2016, Stuart Bladen, Chief Executive Officer, acquired 310,000 ordinary shares of no par value ("Ordinary Shares") in the capital of the Company. Mr Bladen's resultant interest following this transaction, which was completed at a price of 7.25 pence per share, is now in 310,000 Ordinary Shares, representing 0.25 per cent of the Company's issued share capital.
Falanx also announces that on 6(th) October 2016 and pursuant to the rules of the Falanx Group Long Term Incentive Plan, the Company granted options to Mr Bladen to subscribe for up to 3,000,000 Ordinary Shares ("Options") as follows:
Date from which Options are exercisable, No. of Ordinary post date of grant: 6(th) October Shares over 2016 ("Date of Grant") which the Options can be exercised ------------------------------------------ ---------------- Earlier of 12 months from the Date of Grant and date at which the share price of the Company has consistently been at 6p or above for 6 months 1,000,000 ------------------------------------------ ---------------- Earlier of 24 months from the Date of Grant and date at which the Share Price of the Company has consistently been at 12p or above for 6 months 1,000,000 ------------------------------------------ ---------------- Earlier of 36 months from the Date of Grant and date at which the Share Price of the Company has consistently been at 20p or above for 6 months 1,000,000 ------------------------------------------ ----------------
To the extent that the relevant performance conditions are met as set out above, then the Options can be exercised at 5p per Ordinary Share. Any Options remaining unexercised on 6(th) October 2019 will automatically lapse.
Following the grant of the Options to Mr Bladen, the total number of Ordinary Shares subject to options and which could, in the future, be issued to him is 3,000,000, which represents 2.4% of the current issued share capital of the Company.
Enquiries:
Falanx Group Limited via Walbrook PR Stuart Bladen, Chief Executive www.falanxgroup.com Officer www.falanxassuria.com www.falanxcyberdefence.com Panmure Gordon (UK) Limited Nominated Adviser & Joint Broker Andrew Godber / Peter Steel +44 (0) 20 7886 2500 Whitman Howard Limited Joint Broker Nick Lovering / Francis North +44 (0) 207 659 1234 Walbrook PR (Media and +44 (0) 207 933 8780 Investor Relations) Paul falanx@walbrookpr.com Cornelius / Nick Rome
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in relation to Mr Bladen's purchase of Ordinary Shares on 19(th) December 2016.
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.
1 Details of the person discharging managerial responsibilities / person closely associated --- ---------------------------------------------------------------- a) Names Stuart Bladen - Chief Executive Officer --- ----------------------- --------------------------------------- 2 Reason for the notification --- ---------------------------------------------------------------- a) Position/status See 1(a) above, Stuart Bladen classified as a PDMR of the Company with effect from 17(th) October 2016 (the date of Mr Bladen's formal appointment as Chief Executive Officer) --- ----------------------- --------------------------------------- b) Initial notification Initial notification /Amendment --- ----------------------- --------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ---------------------------------------------------------------- a) Name Falanx Group Limited --- ----------------------- --------------------------------------- b) LEI --- ----------------------- --------------------------------------- 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 Ordinary Shares of no par value of the financial instrument, type of instrument --- ----------------------- --------------------------------------- b) Identification VGG3338A1075 code --- ----------------------- --------------------------------------- c) Nature of the Purchase of Ordinary Shares transaction --- ----------------------- --------------------------------------- d) Price(s) and Volume(s): volume(s) 310,000 Ordinary Shares Price: 7.25 pence per Ordinary Share --- ----------------------- --------------------------------------- d) Aggregated information N/A - Aggregated volume - Price --- ----------------------- --------------------------------------- e) Date of the 19(th) December 2016 transactions --- ----------------------- --------------------------------------- f) Place of the London Stock Exchange, AIM Market transaction (XLON) --- ----------------------- ---------------------------------------
Name of authorised official of issuer responsible for making notification:
Mr John Blamire, Director
Company Secretary to Falanx Group Limited
About Falanx
Falanx Group Limited, is a global intelligence and cyber defence provider working with blue chip and government clients. The Group listed on AIM in June 2013 under ticker FLX For more information: http://www.falanxgroup.com/.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
December 20, 2016 08:49 ET (13:49 GMT)
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