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OSI Osirium Technologies Plc

2.20
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
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 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Osirium Technologies PLC Grant of Options (5254H)

04/12/2020 7:00am

UK Regulatory


Osirium Technologies (LSE:OSI)
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TIDMOSI

RNS Number : 5254H

Osirium Technologies PLC

04 December 2020

4 December 2020

Osirium Technologies plc

("Osirium" or "Company")

Grant of Options

Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity software , announces that the Group has granted share options of up to 1,866,125 ordinary shares of 1 pence each (the "Options") in the capital of the Company ("Ordinary Shares") pursuant to the Osirium Technologies plc Enterprise Management Incentive (EMI) Share Option Plan 2020 - 2025 (the "2020 Scheme") to a number of employees and PDMRs.

The following Options have been granted under the 2020 Scheme to the Company's directors and their closely associated persons ("PCAs") to give a total, when aggregated with options granted to the Company's employees and staff, of 1,866,125 Options granted under the 2020 Scheme:

 
Director/PCA             No. of Options granted 
                          under the 2020 Scheme 
David Guyatt                     475,000 
Rupert Hutton                    147,250 
Stephen Purdham                  26,125 
Simon Hember                     26,125 
Simon Lee                        26,125 
Catherine Jamieson 
 *                               180,000 
 * Catherine Jamieson is an employee of Osirium 
          and the spouse of David Guyatt 
 

These Options have been granted at an exercise price of 35p per share, being the higher of the minimum exercise price for all options granted under the 2020 Scheme and the 30-day volume weighted average price of the Company's shares at the date of grant, and will only be exercisable after 2 years from the date of grant (unless an earlier event occurs to cause them to become exercisable under the Rules of the 2020 Scheme). The Options will vest on the following basis by reference to increases in the Company's share price performance over the Company's share price at grant (determined by reference to a 30-day volume weighted average):

-- 25% vesting on grant

-- 25% vesting at a 50% share price increase to the initial share price at grant

-- 25% vesting at a 100% share price increase to the initial share price at grant

-- 25% vesting at a 150% share price increase to the initial share price at grant

All options granted to the Company's Directors (and their PCAs), staff and employees under the Company's Enterprise Management Incentive Share Option Plan 2016 (the "2016 Scheme") adopted at the time of the Company's AIM IPO in April 2016 have been surrendered (but excluding their roll-over options granted at the time of the Company's admission to AIM).

The resultant holdings of options by Osirium Directors and their PCAs are set out below:

 
Director/PCA           No. of options       No. of roll-over     No. of Options     Total number 
                       previously held     options outstanding    granted under    of outstanding 
                        under the 2016       under the 2016      the 2020 Scheme    options under 
                      Scheme surrendered         Scheme                            the 2016 Scheme 
                                                                                    and the 2020 
                                                                                     Scheme held 
                                                                                    as at today's 
                                                                                        date 
David Guyatt               51,971               586,416             475,000          1,061,416 
Rupert Hutton              77,956                  -                147,250           147,250 
Stephen Purdham            25,985                  -                 26,125            26,125 
Simon Hember               25,985                  -                 26,125            26,125 
Simon Lee                    Nil                120,000              26,125           146,125 
Catherine Jamieson 
 *                         103,943                 -                180,000           180,000 
                  * Catherine Jamieson is an employee of Osirium and the spouse 
                                          of David Guyatt 
 

As a result of this grant, the total number of options issued, excluding roll-over options granted at the time of the Company's admission to AIM, is 1,866,125, equivalent to 9.57 per cent. of the current issued share capital of the Company.

The FCA notifications in respect of the above cancellation and grant of options over Ordinary Shares, made in accordance with the requirements of the EU Market Abuse Regulation, are appended below.

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

For further information:

 
 Osirium Technologies plc                  Tel: +44 (0) 118 324 2444 
 David Guyatt, Chief Executive Officer 
  Rupert Hutton, Chief Financial 
  Officer 
  www.osirium.com 
 Stifel Nicolaus Europe Limited 
  (Nominated Adviser and Broker)           Tel: +44 (0) 207 710 7600 
 Fred Walsh 
  Richard Short 
 Alma PR 
  (Financial PR) 
  Josh Royston / David Ison / Harriett     Tel: +44 (0) 203 405 0205 
  Jackson 
 

Notes to Editors:

About Osirium

Osirium Technologies plc (AIM: OSI) operates in one of the fastest growing parts of the cybersecurity market and is a leading vendor of Privileged Access Security solutions. Osirium's cloud-based products protect critical IT assets, infrastructure and devices by preventing targeted cyber-attacks from directly accessing Privileged Accounts, removing unnecessary access and powers of Privileged Account users, deterring legitimate Privileged Account users from abusing their roles and containing the effects of a breach if one does happen.

Osirium has defined and delivered what the Directors view as the next generation Privileged Access Management solution. Osirium's award-winning Privileged Task Management module further strengthens Privileged Account Security by minimising the cyber-attack surface and delivering an impressive return on investment benefits for customers. Building on Osirium's Privileged Task Management module, in May 2019 Osirium launched Privileged Process Automation, providing a highly-flexible platform for automating essential IT processes to set a new benchmark in IT Process Automation. This was followed by the launch of Privileged Endpoint Manager in December 2019, bringing the total portfolio to three complementary solutions.

Founded in 2008 and with its headquarters in Reading, UK, the Group was admitted to AIM in April 2016. For further information please visit www.osirium.com

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)   Names                       David Guyatt 
     --------------------------  ---------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status             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                        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          Options over Ordinary Shares of 
       financial instrument,       1p 
       type of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00BZ58DH10 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of Options over Ordinary 
                                   Shares of 1p pursuant to the Osirium 
                                   Technologies plc Enterprise Management 
                                   Incentive (EMI) Share Option Plan 
                                   2020 - 2025 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and volume(s)      Execution price: 35 GBp per share 
                                   Number of shares under option: 
                                   475,000 Ordinary Shares of 1p each 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information      1,061,416 options over Ordinary 
       - Aggregated volume         Shares of 1p each detailed as below: 
       - Price                     410,100 options at 58.3p exercise 
                                   price per share 
                                   176,316 options at 41.7p exercise 
                                   price per share 
                                   475,000 options at 35.0p exercise 
                                   price per share 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction     4 December 2020 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Names                       Rupert Hutton 
     --------------------------  ---------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status             Chief Financial Officer 
     --------------------------  ---------------------------------------- 
 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          Options over Ordinary Shares of 
       financial instrument,       1p 
       type of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00BZ58DH10 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of Options over Ordinary 
                                   Shares of 1p pursuant to the Osirium 
                                   Technologies plc Enterprise Management 
                                   Incentive (EMI) Share Option Plan 
                                   2016 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and volume(s)      Execution price: 35 GBp per share 
                                   Number of shares under option: 
                                   147,250 Ordinary Shares of 1p each 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          147,250 options over Ordinary Shares 
       - Price                      of 1p each 
                                    35p exercise price per share 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction     4 December 2020 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Names                       Stephen Purdham 
     --------------------------  ---------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status             Non-Executive Director 
     --------------------------  ---------------------------------------- 
 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          Options over Ordinary Shares of 
       financial instrument,       1p 
       type of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00BZ58DH10 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of Options over Ordinary 
                                   Shares of 1p pursuant to the Osirium 
                                   Technologies plc Enterprise Management 
                                   Incentive (EMI) Share Option Plan 
                                   2020 - 2025 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and volume(s)      Execution price: 35 GBp per share 
                                   Number of shares under option: 
                                   26,125 Ordinary Shares of 1p each 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          26,125 options over Ordinary Shares 
       - Price                      of 1p each 
                                    35p exercise price per share 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction     4 December 2020 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Names                       Simon Hember 
     --------------------------  ---------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status             Non-Executive Director 
     --------------------------  ---------------------------------------- 
 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          Options over Ordinary Shares of 
       financial instrument,       1p 
       type of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00BZ58DH10 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of Options over Ordinary 
                                   Shares of 1p pursuant to the Osirium 
                                   Technologies plc Enterprise Management 
                                   Incentive (EMI) Share Option Plan 
                                   2020 - 2025 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and volume(s)      Execution price: 35 GBp per share 
                                   Number of shares under option: 
                                   26,125 Ordinary Shares of 1p each 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          26,125 options over Ordinary Shares 
       - Price                      of 1p each 
                                    35p exercise price per share 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction     4 December 2020 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Names                       Simon Lee 
     --------------------------  ---------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status             Non-Executive Chairman 
     --------------------------  ---------------------------------------- 
 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          Options over Ordinary Shares of 
       financial instrument,       1p 
       type of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00BZ58DH10 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of Options over Ordinary 
                                   Shares of 1p pursuant to the Osirium 
                                   Technologies plc Enterprise Management 
                                   Incentive (EMI) Share Option Plan 
                                   2020 - 2025 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and volume(s)      Execution price: 35 GBp per share 
                                   Number of shares under option: 
                                   26,125 Ordinary Shares of 1p each 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          146,125 options over Ordinary Shares 
       - Price                      of 1p each detailed below: 
                                    120,000 options at 58.3p exercise 
                                    price per share 
                                    26,125 options at 35.0p exercise 
                                    price per share 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction     4 December 2020 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Names                       Catherine Jamieson 
     --------------------------  ---------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status             Sales and Operations Director (David 
                                   Guyatt related party) 
     --------------------------  ---------------------------------------- 
 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          Options over Ordinary Shares of 
       financial instrument,       1p 
       type of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00BZ58DH10 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of Options over Ordinary 
                                   Shares of 1p pursuant to the Osirium 
                                   Technologies plc Enterprise Management 
                                   Incentive (EMI) Share Option Plan 
                                   2020 - 2025 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and volume(s)      Execution price: 35 GBp per share 
                                   Number of shares under option: 
                                   180,000 Ordinary Shares 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information      180,000 options over Ordinary Shares 
       - Aggregated volume         of 1p each 
       - Price                     35p exercise price per share 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction     4 December 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 rns@lseg.com or visit www.rns.com.

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