Falanx Cyber Sec. - Grant of Options
22/12/2022 15:30
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RNS Number : 6517K Falanx Cyber Security Limited 22 December 2022
22 December 2022
Falanx Cyber Security Limited
("Falanx" or the "Company")
Grant of Options
Falanx Cyber Security Limited (AIM: FCS), the global cyber security provider,
announces that it has today awarded a total of 248,000 options (the "New
Options") over ordinary shares of nil par value each in the Company ("Ordinary
Shares") under the Company's existing Enterprise Management Incentive Scheme
("EMI Scheme"). A total of 188,000 New Options have been awarded to the
following directors:
Director Number of New Options Granted Total number of options over the Ordinary Shares as adjusted by the share Total number of options as a percentage of the Company's issued share capital Total number of options over the Ordinary Shares Total number of options as a percentage of the Company's issued share capital
reorganisation
(Excluding options awarded in lieu of salaries during Covid-19) (Including options awarded in lieu of salaries during Covid-19) (Including options awarded in lieu of salaries during Covid-19)
(Excluding options awarded in lieu of salaries during Covid-19)
Michael Read 50,000 100,000 1.9% 166,000 3.2%
Ian Selby 50,000 100,000 1.9% 125,200 2.4%
Rick Flood 50,000 100,000 1.9% 149,992 2.8%
Emma Shaw 16,000 16,000 0.3% 23,992 0.5%
William Kilmer 22,000 22,000 0.4% 22,000 0.4%
The New Options have an exercise price of 50 pence per Ordinary Share (the
"Exercise Price"), being the closing mid-market price on 21 December 2022, and
will vest:
· as to 81,840 New Options (representing 33% of the total Options),
provided that the average share price of the Company exceeds 75 pence (50%
share price growth over the Exercise Price) for a period of 10 business days;
· as to 81,840 New Options (representing 33% of the total Options),
provided that the average share price of the Company exceeds 100 pence (100%
share price growth over the Exercise Price) for a period of 10 business days;
and
· as to the balance of 84,320 New Options (representing 34% of the
total Options), provided that the average share price of the Company exceeds
125 pence (150% growth over the Exercise Price) for a period of 10 business
days.
Once vested the New Options are exercisable between 1 January 2023 and 21
December 2032, subject to accelerated vesting and exercise in certain
customary scenarios.
Enquiries:
Falanx Cyber Security Limited Via IFC
Alex Hambro Chairman
Mike Read CEO
Ian Selby CFO
WH Ireland + 44 (0) 207 220 1666
Mike Coe/ Sarah Mather (Nomad)
Joanna Hunt (Corporate Broking)
IFC Advisory Ltd +44 (0) 203 934 6630
Financial PR & IR
Graham Herring / Zach Cohen
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Names Michael David Read
2 Reason for the notification
a) Position/status CEO
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Falanx Cyber Security Limited
b) LEI 213800YO4F9CUQLALV19
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 instrument, type of instrument Ordinary Shares of nil par value
b) Identification code VGG3338A1158
c) Nature of the transaction Grant of options over Ordinary Shares
d) Price(s) and volume(s) Volume(s):
50,000 Ordinary Shares
Price: 50 pence per Ordinary Share
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transactions 22 December 2022
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Names Ian Selby
2 Reason for the notification
a) Position/status CFO
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Falanx Cyber Security Limited
b) LEI 213800YO4F9CUQLALV19
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 instrument, type of instrument Ordinary Shares of nil par value
b) Identification code VGG3338A1158
c) Nature of the transaction Grant of options over Ordinary Shares
d) Price(s) and volume(s) Volume(s):
50,000 Ordinary Shares
Price: 50 pence per Ordinary Share
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transactions 22 December 2022
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Names Richard Andrew Flood
2 Reason for the notification
a) Position/status Executive Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Falanx Cyber Security Limited
b) LEI 213800YO4F9CUQLALV19
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 instrument, type of instrument Ordinary Shares of nil par value
b) Identification code VGG3338A1158
c) Nature of the transaction Grant of options over Ordinary Shares
d) Price(s) and volume(s) Volume(s):
50,000 Ordinary Shares
Price: 50 pence per Ordinary Share
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transactions 22 December 2022
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Names Emma Shaw
2 Reason for the notification
a) Position/status NED
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Falanx Cyber Security Limited
b) LEI 213800YO4F9CUQLALV19
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 instrument, type of instrument Ordinary Shares of nil par value
b) Identification code VGG3338A1158
c) Nature of the transaction Grant of options over Ordinary Shares
d) Price(s) and volume(s) Volume(s):
16,000 Ordinary Shares
Price: 50 pence per Ordinary Share
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transactions 22 December 2022
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Names William Kilmer
2 Reason for the notification
a) Position/status NED
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Falanx Cyber Security Limited
b) LEI 213800YO4F9CUQLALV19
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 instrument, type of instrument Ordinary Shares of nil par value
b) Identification code VGG3338A1158
c) Nature of the transaction Grant of options over Ordinary Shares
d) Price(s) and volume(s) Volume(s):
22,000 Ordinary Shares
Price: 50 pence per Ordinary Share
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transactions 22 December 2022
f) Place of the transaction Outside a trading venue
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