REG - Corero Network Sec. - Exercise of Options, PDMR Dealing and TVR

Corero Network SecurityAnnouncement

15/02/2024 10:15

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RNS Number : 2853D  Corero Network Security PLC  15 February 2024

15 February 2024

 

Corero Network Security plc (AIM: CNS)

("Corero," the "Company" or the "Group")

 

 

Exercise of Options, PDMR Dealing and Total Voting Rights

 

The Company announces that it has issued and allotted 7,000,000 new ordinary
shares of 1 pence each ("Ordinary Shares") following the exercise of share
options.

 

The Shares have been issued out of the block listing of 61,856,538 ordinary
shares in the Company that was admitted to the London Stock Exchange on 12 May
2022, as referenced and in accordance with an announcement dated 6 May 2022.

 

The Company advises that, following the issue of the 7,000,000 new ordinary
shares, the Company's issued share capital will be 508,828,468 Ordinary
Shares. The Company holds no shares in treasury. Therefore, the total number
of voting rights in the Company is 508,828,468 which may be used by
shareholders as the denominator for the calculations by which they determine
if they are required to notify their interest in, or a change to their
interest in, the Company under the Disclosure Guidance and Transparency Rules.

 

In addition, the Company announces that Richard Last, Non-Executive Director
of Corero, has purchased 2,000,000 Ordinary Shares. Following this purchase,
Richard Last has a total beneficial interest in 4,500,000 Ordinary Shares
equivalent to 0.88% per cent. of the Company's issued share capital.

 

The notification below, which has been made in accordance with the
requirements of the UK Market Abuse Regulation, provide further detail.

 

 

Enquiries:

 Corero Network Security plc                                    Tel: +44(0) 20 7390 0230
 Carl Herberger, Chief Executive Officer

Philip Richards, Chief Financial Officer

 Canaccord Genuity Limited                                      Tel: +44(0) 20 7523 8000

 (Nominated Adviser and Broker)

 Simon Bridges / Andrew Potts / Harry Rees

 Vigo Communications                                            Tel: +44(0) 20 7390 0230
 Jeremy Garcia / Kendall Hill

 corero@vigoconsulting.com (mailto:corero@vigoconsulting.com)

Philip Richards, Chief Financial Officer

Canaccord Genuity Limited

(Nominated Adviser and Broker)

Simon Bridges / Andrew Potts / Harry Rees

Tel: +44(0) 20 7523 8000

 

Vigo Communications

Tel: +44(0) 20 7390 0230

Jeremy Garcia / Kendall Hill

corero@vigoconsulting.com (mailto:corero@vigoconsulting.com)

 

About Corero Network Security

Corero Network Security is a leading provider of Distributed Denial of Service
(DDoS) protection solutions.  We are specialists in automatic detection and
mitigation solutions, that include network visibility, analytics, and
reporting tools. Corero's technology provides scalable protection capabilities
against both external DDoS attackers and internal DDoS threats, in even the
most complex edge and subscriber environments, ensuring internet service
availability and uptime. Corero's key operational centers are in Marlborough,
Massachusetts, USA, and Edinburgh, UK, with the Company's headquarters in
London, UK. The Company is listed on the London Stock Exchange's AIM market
under the ticker CNS. For more information, visit www.corero.com
(http://www.corero.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)   Name                                                         Richard Last
 2    Reason for the notification
 a)   Position/status                                              Non-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                                                         Corero Network Security plc
 b)   LEI                                                          2138001EVYT2OI1C4Y98
 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 1p each in Corero Network Security plc

      Identification code                                          ISIN: GB00B54X0432
 b)   Nature of the transaction                                    Purchase of ordinary shares
 c)   Price(s) and volume(s)                                       Price(s)    Volume(s)
                                                                   7.75 pence  2,000,000 shares

 

 d)   Aggregated information

      - Aggregated volume                                           N/A

      - Price
 e)   Date of the transaction                                      14 February 2024
 f)   Place of the transaction                                     London Stock Exchange - AIM

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

 N/A

e)

Date of the transaction

14 February 2024

f)

Place of the transaction

London Stock Exchange - AIM

 

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