Nasstar PLC Director Dealing (9490M)

TIDMNASA

RNS Number : 9490M

Nasstar PLC

02 May 2018

2 May 2018

Nasstar plc

("Nasstar", "Company" or "Group")

Director Dealing

Nasstar, a provider of hosted managed and cloud computing services, announces that the following Directors and PDMRs of the Company have been granted options over ordinary shares of 1p each in the capital of the Company ("Options" and "Ordinary Shares") pursuant to the Company's EMI approved share option scheme:

 
Name             Position          new Options    Exercise  Total Options 
                                       granted   price (p)           held 
                                                                6,500,000 
                                                                  (5.00p) 
                                                                3,000,000 
                                                                  (8.38p) 
                 Chief Executive                                4,000,000 
Nigel Redwood     Officer            4,000,000       11.50       (11.50p) 
                                                                6,500,000 
                                                                   (5.0p) 
                                                                3,000,000 
                                                                  (8.38p) 
                 Chief Financial                                4,000,000 
Niki Redwood      Officer            4,000,000       11.50       (11.50p) 
                                                                  300,000 
                                                                  (8.38p) 
                                                                  300,000 
                 Managing                                         (8.88p) 
                  Director                                      1,500,000 
David McCarthy    (PDMR)             1,500,000       11.50       (11.50p) 
                                                                2,000,000 
                                                                  (5.00p) 
                                                                  300,000 
                 Technical                                        (8.38p) 
                  Director                                      1,500,000 
Steve Brown       (PDMR)             1,500,000       11.50       (11.50p) 
 

The new Options granted are exercisable in tranches of one third each, subject to the share price of Nasstar achieving levels of no less than 12.5 pence per Ordinary Share, 15 pence per Ordinary Share and 20 pence per Ordinary Share, in each case for a continuous three month period. The new options are exercisable from the date of grant until 01 May 2028.

The shareholdings of the above persons remain unchanged.

The total number of outstanding options over ordinary shares now stands at 45,117,960 which compares to 43,441,770 as at 31 December 2016.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information, please contact:-

Nasstar plc [phone]

Nigel Redwood, Chief Executive Officer

Niki Redwood, Finance Director

   finnCap Limited (Nominated Adviser & Broker)                            [phone] 

Julian Blunt, James Thompson (Corporate Finance)

Stephen Norcross (Corporate broking)

IFC Advisory (Financial PR) [phone]

Tim Metcalfe

Graham Herring

About Nasstar plc

Nasstar (www.nasstar.com) and its wholly owned operating businesses provide hosted managed and cloud computing services, integrating private and public clouds supplying a robust, secure and stable hosted Information Technology service to business customers. The Group provides a true end to end service for clients providing them with enhanced IT performance and greater cost control over their IT function. The Group owns its primary data centre, is head quartered in Telford with regional offices in Northampton, London and Bournemouth whilst 24 x 7 support is delivered from its Auckland office in New Zealand. Nasstar is an accredited Microsoft Gold Partner, is the 2016 Citrix Networking Partner of the Year and is certified to ISO 27001.

Nasstar specialises in building bespoke cloud hosted services to manage a client's entire application set, tailor made to suit specific industries, designing public, private and hybrid cloud solutions to meet the objectives of the client. The solution is a highly scalable service that provides benefits including "Anywhere Access" to computing; a standardised corporate solution that can be accessed globally in multiple languages; generating cost savings when compared to the traditional IT ownership model whilst replacing capital expenditure with a simple usage based payment model.

Nasstar (AIM:NASA) was founded in 1998, admitted to AIM in December 2005, acquired e-know.net Limited in a reverse takeover in January 2014, Kamanchi Limited in July 2014, VESK in October 2015 and Modrus Limited in September 2016.

Ends

 
1   Details of the person discharging managerial responsibilities / person closely associated 
a)  Name                                                   Nigel Redwood 
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 participant, auction platform, auctioneer 
     or auction monitor 
a)  Name                                                   Nasstar Plc 
b)  LEI                                                    213800464LOG9B2Q8J17 
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 financial                           Options over Ordinary 
     instrument, type of instrument                         Shares of 1p each 
     Identification code                                    in the capital of 
                                                            the Company 
                                                            GB00B0T1S097 
b)  Nature of the transaction                              Grant of Options 
c)  Price(s) and volume(s)                                 4,000,000 Options 
                                                            over Ordinary Shares 
                                                            granted 
d)  Aggregated information                                 n/a 
     - Aggregated volume                                    n/a 
     - Price                                                n/a 
e   Date of the transaction                                1 May 2018 
f)  Place of the transaction                               Outside of a trading 
                                                            venue 
 
 
1   Details of the person discharging managerial responsibilities / person closely associated 
a)  Name                                                   Niki Redwood 
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                                                   Nasstar Plc 
b)  LEI                                                    213800464LOG9B2Q8J17 
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 financial                           Options over Ordinary 
     instrument, type of instrument                         Shares of 1p each 
     Identification code                                    in the capital of 
                                                            the Company 
                                                            GB00B0T1S097 
b)  Nature of the transaction                              Grant of Options 
c)  Price(s) and volume(s)                                 4,000,000 Options 
                                                            over Ordinary Shares 
                                                            granted 
d)  Aggregated information                                 n/a 
     - Aggregated volume                                    n/a 
     - Price                                                n/a 
e   Date of the transaction                                1 May 2018 
f)  Place of the transaction                               Outside of a trading 
                                                            venue 
 
 
1   Details of the person discharging managerial responsibilities / person closely associated 
a)  Name                                                     David McCarthy 
2   Reason for the notification 
a)  Position/status                                          Managing Director 
b)  Initial notification /Amendment                          Initial notification 
3   Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
a)  Name                                                     Nasstar Plc 
b)  LEI                                                      213800464LOG9B2Q8J17 
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 financial                             Options over Ordinary 

     instrument, type of instrument                           Shares of 1p each 
     Identification code                                      in the capital of 
                                                              the Company 
                                                              GB00B0T1S097 
b)  Nature of the transaction                                Grant of Options 
c)  Price(s) and volume(s)                                   1,500,000 Options 
                                                              over Ordinary Shares 
                                                              granted 
d)  Aggregated information                                   n/a 
     - Aggregated volume                                      n/a 
     - Price                                                  n/a 
e   Date of the transaction                                  1 May 2018 
f)  Place of the transaction                                 Outside of a trading 
                                                              venue 
 
 
1   Details of the person discharging managerial responsibilities / person closely associated 
a)  Name                                                     Steve Brown 
2   Reason for the notification 
a)  Position/status                                          Technical Director 
b)  Initial notification /Amendment                          Initial notification 
3   Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
a)  Name                                                     Nasstar Plc 
b)  LEI                                                      213800464LOG9B2Q8J17 
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 financial                             Options over Ordinary 
     instrument, type of instrument                           Shares of 1p each 
     Identification code                                      in the capital of 
                                                              the Company 
                                                              GB00B0T1S097 
b)  Nature of the transaction                                Grant of Options 
c)  Price(s) and volume(s)                                   1,500,000 Options 
                                                              over Ordinary Shares 
                                                              granted 
d)  Aggregated information                                   n/a 
     - Aggregated volume                                      n/a 
     - Price                                                  n/a 
e   Date of the transaction                                  1 May 2018 
f)  Place of the transaction                                 Outside of a trading 
                                                              venue 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 02, 2018 12:45 ET (16:45 GMT)