KRM22 PLC Issue of Options (8929T)

TIDMKRM

RNS Number : 8929T

KRM22 PLC

23 July 2020

KRM22 plc

("KRM22", the "Group" or the "Company")

Issue of Options

KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, announces the issue of a total of 393,737 options ("Options") to subscribe for new ordinary shares of 10p each in the Company ("Ordinary Shares") to employees of the Group and Kim Suter, CFO of the Company under the Company's Employee Share Option Plan.

Of the total of 393,737 Options issued, Kim Suter has been issued 21,875 Options on the same terms as all other employees. Following this issue, Kim Suter will have 211,875 Options over Ordinary Shares representing 0.79% of the current issued share capital of the Company.

The Options are exercisable at 30 pence, will vest over a 30 day period and will expire on 22 July 2030. The Options are not subject to any vesting conditions as the options were awarded for salary sacrifices undertaken by all employees as part of the Company's cost reduction actions.

Following this announcement, there is a total of 2,052,208 Options over Ordinary Shares representing 7.68% of the current issued share capital of the Company.

For further information please contact:

KRM22 plc [e-mail]

Keith Todd CBE, Executive Chairman and CEO

Kim Suter, CFO

   finnCap Ltd (Nominated Adviser and Sole Broker)                    [phone] 

Carl Holmes / Kate Bannatyne / Matthew Radley

Alice Lane / Sunila de Silva (ECM)

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.

Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' regulatory, market, technology and operations risk challenges and to manage their entire enterprise risk profile.

Capital markets companies' partner with KRM22 to optimise risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.

KRM22 plc is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.

See more about KRM22 at KRM22.com .

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Kim Suter 
     -------------------------------  ----------------------------------- 
 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 participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                             KRM22 Plc 
     -------------------------------  ----------------------------------- 
 b)   LEI                              213800IBCSBLSLJ9OD78 
     -------------------------------  ----------------------------------- 
 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               Options over ordinary Shares of 10 
       Financial instrument,            pence each 
       type of instrument 
      Identification code              GB00BFM6WC61 
     -------------------------------  ----------------------------------- 
 b)   Nature of the transaction        Issue of options 
     -------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)            Price(s)   Volume(s) 
                                         30p        21,875 
                                                   ---------- 
     -------------------------------  ----------------------------------- 
 d)    Aggregated information: 
        -- Aggregated volume             See 4c) above 
        -- Price 
     -------------------------------  ----------------------------------- 
 e)   Date of the transaction          22 July 2020 
     -------------------------------  ----------------------------------- 
 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.

END

MSCKXLBLBDLZBBZ

(END) Dow Jones Newswires

July 23, 2020 05:49 ET (09:49 GMT)