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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Osirium Technologies Plc | LSE:OSI | London | Ordinary Share | GB00BZ58DH10 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.20 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMOSI
RNS Number : 1005A
Osirium Technologies PLC
22 May 2023
22 May 2023
Osirium Technologies plc
("Osirium" or the "Group")
Grant of options and PDMR dealings
Osirium Technologies plc (AIM: OSI), a leading vendor of cloud-based cybersecurity and IT automation software, announces that, further to the announcements issued by the Company on 03 April 2023 and 18 April 2023 (the "Announcements"), the Company has completed the variation to the terms of the Company's Enterprise Management Incentive (EMI) Share Option Plan 2020-2025 (the "Plan") as approved by shareholders at the Company's recent annual general meeting.
As contemplated in the Announcements, all historic options granted pursuant to the Plan and the Company's previous share option schemes have now been surrendered by the respective option holders. In total, 2,508,050 options were surrendered.
The Company has on 19 May 2023 granted the 9,803,894 new options (the "New Options") over ordinary shares of 1p each in the Company ("Ordinary Shares") pursuant to the amended Plan to a number of employees and Directors.
The number of New Options that have been granted to and surrendered by Directors of the Company and their closely associated persons (as defined in UK MAR) are as follows:
Percentage No. of options No. of New of issued share Director/PCA surrendered Options granted capital Stuart McGregor (CEO) 218,500 3,676,460 3.00% --------------- ----------------- ----------------- Rupert Hutton (CFO) 147,250 1,225,487 1.00% --------------- ----------------- ----------------- David Guyatt (Chairman) 1,061,416 - - --------------- ----------------- ----------------- Simon Lee (NED) 146,125 - - --------------- ----------------- ----------------- Simon Hember (NED) 26,125 - - --------------- ----------------- ----------------- Catherine Jamieson (wife of David Guyatt) 180,000 612,743 0.50% --------------- ----------------- -----------------
The New Options have an exercise price of 2p per option (being the issue price of the Company's most recent fundraise). All New Options are subject to the following additional performance based vesting criteria:
-- the closing share price of an Ordinary Share must exceed 4p for a rolling 30-day period; and
-- the Company must have achieved annualised recurring revenue of at least GBP3.5 million, when reported in the Company's full year or half year results.
The New Options will vest equally over three years as set out in the Announcement. Following the surrender of historic options and grant of the New Options, the Company currently has options outstanding over 9,803,894 Ordinary Shares, representing 8% of the Company's total issued share capital.
Contacts: Osirium Technologies plc Tel: +44 (0)1183 242 444 Stuart McGregor, Chief Executive Officer Rupert Hutton, Chief Financial Officer Allenby Capital Limited (Nominated adviser and broker) Tel: +44 (0)20 3328 5656 James Reeve / George Payne (Corporate Finance) Tony Quirke / Stefano Aquilino (Sales and Corporate Broking) Alma PR (Financial PR adviser) Tel: +44 (0)20 3405 0205 Hilary Buchanan osirium@almapr.co.uk Kieran Breheny Will Ellis Hancock
About Osirium Technologies Plc
Osirium Technologies plc (AIM: OSI) is a leading UK-based cybersecurity software vendor delivering Privileged Access Management (PAM), Privileged Endpoint Management (PEM) and Osirium Automation solutions that are uniquely simple to deploy and maintain.
With privileged credentials involved in over 80% of security breaches, customers rely on Osirium PAM's innovative technology to secure their critical infrastructure by controlling 3rd party access, protecting against insider threats, and demonstrating rigorous compliance. Osirium Automation delivers time and cost savings by automating complex, multi-system processes securely, allowing them to be delegated to Help Desk engineers or end-users and to free up specialist IT resources. The Osirium PEM solution balances security and productivity by removing risky local administrator rights from users, while at the same time allowing escalated privileges for specific applications.
Founded in 2008 and with its headquarters in Reading, UK, the Group was admitted to trading on AIM in April 2016. For further information please visit www.osirium.com .
1 Details of the person discharging managerial responsibilities / person closely associated (PCA) a) Name PDMRs: Stuart McGregor CEO Rupert Hutton CFO ---- PCAs: Catherine Jamieson PCA with David Guyatt -------------------------- --------------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------------- a) Position/status See 1a) above -------------------------- --------------------------------------------------- b) Initial notification Initial notification /Amendment -------------------------- --------------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------------------- a) Name Osirium Technologies plc -------------------------- --------------------------------------------------- b) LEI 213800CTPGYQ4POIC338 -------------------------- --------------------------------------------------- 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 nominal value financial instrument, 1 pence each type of instrument Identification code GB00BZ58DH10 -------------------------- --------------------------------------------------- b) Nature of the transaction Grant of share options -------------------------- --------------------------------------------------- c) Price(s) and volume(s) Exercise price: as described above Volumes: Stuart McGregor 3,676,460 Rupert Hutton 1,225,487 ---------- Catherine Jamieson 612,743 ---------- -------------------------- --------------------------------------------------- d) Aggregated information N/A - Aggregated volume - Price -------------------------- --------------------------------------------------- e) Date of the transaction 19 May 2023 -------------------------- --------------------------------------------------- f) Place of the transaction Outside a trading venue -------------------------- --------------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated (PCA) a) Name PDMRs: Stuart McGregor CEO Rupert Hutton CFO ----------- David Guyatt (Chairman) ----------- Simon Lee NED ----------- Simon Hember NED ----------- PCAs: Catherine Jamieson PCA with David Guyatt -------------------------- --------------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------------- a) Position/status See 1a) above -------------------------- --------------------------------------------------- b) Initial notification Initial notification /Amendment -------------------------- --------------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------------------- a) Name Osirium Technologies plc -------------------------- --------------------------------------------------- b) LEI 213800CTPGYQ4POIC338 -------------------------- --------------------------------------------------- 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 nominal value financial instrument, 1 pence each type of instrument Identification code GB00BZ58DH10 -------------------------- --------------------------------------------------- b) Nature of the transaction Surrender of share options -------------------------- --------------------------------------------------- c) Price(s) and volume(s) Price: n/a Volumes: Stuart McGregor 218,500 Rupert Hutton 147,250 ---------- David Guyatt 1,061,416 ---------- Simon Lee 146,125 ---------- Simon Hember 26,125 ---------- Catherine Jamieson 180,000 ---------- -------------------------- --------------------------------------------------- d) Aggregated information N/A - Aggregated volume - Price -------------------------- --------------------------------------------------- e) Date of the transaction 19 May 2023 -------------------------- --------------------------------------------------- f) Place of the transaction Outside a trading venue -------------------------- ---------------------------------------------------
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(END) Dow Jones Newswires
May 22, 2023 02:00 ET (06:00 GMT)
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