Kromek Group PLC Exercise of Options (2057R)

TIDMKMK

RNS Number : 2057R

Kromek Group PLC

19 September 2017

19 September 2017

Kromek Group plc

("Kromek" or the "Company")

Exercise of Options

The Company notifies that, on 15 September 2017, Jerel Whittingham, a Director of the Company, exercised options over 250,000 ordinary shares of 1 pence each ("Ordinary Shares") in the capital of the Company, for an exercise price of 1.5 pence per share. Accordingly, application has been made for 250,000 new Ordinary Shares to be admitted to trading on AIM. The new Ordinary Shares will rank pari-passu with existing Ordinary Shares and it is expected that admission will occur on 25 September 2017.

Following this exercise of options, Mr Whittingham holds 364,890 Ordinary Shares, representing approximately 0.1 per cent of the Company's enlarged ordinary share capital. Following Admission, Kromek's issued share capital will comprise 260,395,618 Ordinary Shares, of which no Ordinary Shares are held in treasury. The total number of current voting rights in the Company is therefore 260,395,618 Ordinary Shares.

The above figure of 260,395,618 may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries

 
 Kromek Group plc 
 Arnab Basu, CEO                   +44 (0)1740 
  Derek Bulmer, CFO                 626 060 
 
 Cenkos Securities plc 
 Bobbie Hilliam (NOMAD)            [phone] 
  Julian Morse (Sales)              8900 
 
 Luther Pendragon Ltd 
 Harry Chathli, Claire Norbury,    [phone] 
  Alexis Gore                       9100 
 

Template for notification 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                           Jerel Whittingham 
----  -----------------------------  ----------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------ 
 a)    Position/status                Director 
----  -----------------------------  ----------------------------------- 
 b)    Initial notification           Initial notification 
        /Amendment 
----  -----------------------------  ----------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------ 
 a)    Name                           Kromek Group plc 
----  -----------------------------  ----------------------------------- 
 b)    LEI                            N/A 
----  -----------------------------  ----------------------------------- 
 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                 Options over ordinary shares 
        the financial                  of 1 pence each 
        instrument, type 
        of instrument 
---- 
       Identification                 GB00BD7V5D43 
        code 
----  -----------------------------  ----------------------------------- 
 b)    Nature of the                  Exercise of options over 
        transaction                    Ordinary Shares of 1 pence 
                                       each 
----  -----------------------------  ----------------------------------- 
 c)    Price(s) and volume(s) 
----                                  ----------------  -------------- 
                                       Price(s)          Volume(s) 
----                                  ----------------  -------------- 
    1.5 pence                                            250,000 
   ---------------------------------------------------  -------------- 
 
 d)    Aggregated information         N/A 
---- 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction        15 September 2017 
----  -----------------------------  ----------------------------------- 
 f)    Place of the transaction       Outside trading venue 
----  -----------------------------  ----------------------------------- 
 

About Kromek Group plc

Kromek Group plc is a UK technology Group (global HQ in County Durham) and a leading developer of high performance radiation detection products based on cadmium zinc telluride ("CZT") and other advanced technologies. Using its core technology platforms, Kromek designs, develops and produces x-ray and gamma ray imaging and radiation detection products for the medical, security screening and nuclear markets.

The Group's products provide high resolution information on material composition and structure and are used in multiple applications, ranging from the identification of cancerous tissues to hazardous materials, such as explosives, and the analysis of radioactive materials.

The Group's business model provides a vertically integrated technology offering to customers, from radiation detector materials to finished products or detectors, including software, electronics and application specific integrated circuits ("ASICs").

The Group has operations in the UK and US (California and Pennsylvania), and is selling internationally through a combination of distributors and direct OEM sales.

Currently, the Group has over one hundred full time employees across its global operations. Further information on Kromek Group is available at www.kromek.com and https://twitter.com/kromekgroup.

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEEKLFFDKFZBBL

(END) Dow Jones Newswires

September 19, 2017 11:43 ET (15:43 GMT)