REG - Corero Network Sec. - Grant of Options <Origin Href="QuoteRef">CNSP.L</Origin>

Corero Network SecurityAnnouncement

25/04/2017 08:06

RNS Number : 1795D
Corero Network Security PLC
25 April 2017
25 April 2017
Corero Network Security plc
("Corero", the "Company")
Grant of Options
Corero Network Security plc (AIM: CNS), the AIM listed network security company, announces that on 24 April 2017, options were granted over new ordinary shares to the Directors of the Company ("Options" and "Ordinary Shares") as set out below. 


Options granted
Relevant Option scheme
Subsequent number of Options held





Ashley Stephenson
Chief Executive Officer
2,319,000
Unapproved
5,519,000





Andrew Lloyd
President and EVP Sales & Marketing
3,995,000
Executive EMI /Unapproved
4,195,000





Andrew Miller
Chief Financial Officer
1,919,000
Unapproved
4,415,000





Jens Montanana
Non-executive Director and Chairman
994,000
Unapproved
1,419,000





Richard Last
Non-executive Director
450,000
Unapproved
630,000





"Unapproved" = Corero Unapproved Share Option Plan


"Executive EMI" = Corero Exective EMI Option Plan



 
The Options carry an exercise price of 8.0 pence per share and vest in equal proportions on the first, second and third anniversaries of being granted. Any Ordinary Shares issued pursuant to the exercise of the Options may not be sold or otherwise transferred until the second anniversary of the date of being granted. There are performance conditions associated to the vesting of the Options.
In addition, further to the announcement made on 24 April 2017, purchases of Ordinary Shares by certain Directors under the Placing and Subscription have now completed. Detailed information on these transactions is also set out below.
Enquiries:
Corero Network Security plc

Andrew Miller, CFO
Tel: 01895 876 382


Cenkos Securities plc
Tel: 020 7397 8900
Bobbie Hilliam - NOMAD
Alex Aylen - Corporate Broking



Redleaf Communications
Tel: 020 7382 4747
Rebecca Sanders-Hewett/David Ison/Susie Hudson
 cns@redleafpr.com

About Corero Network Security
Corero Network Security is the leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and online enterprises rely on Corero's award winning technology to eliminate the DDoS threat to their environment through automatic attack detection and mitigation, coupled with complete network visibility, analytics and reporting. This next-generation technology provides a First Line of Defense against DDoS attacks in the most complex environments while enabling a more cost effective economic model than previously available. For more information, visit www.corero.com
Grant of Options
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Ashley Stephenson
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 participation, auction platform, auctioneer or auction monitor
a)
Name:
Corero Network Security plc
b)
LEI:
N/a
4.
Details of 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:
Identification code:
Ordinary Shares of 1 pence each
ISIN: GB00B54X0432
b)
Nature of the transaction:
Grant of share options 
c)
Price(s) and volume(s):
Price(s)
Volume(s)
Nil
2,319,000
d) 
Aggregated volume:
Price:
2,319,000
Nil
e)
Date of the Transaction:
25 April 2017
f)
Place of the Transaction:
N/a
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Andrew Lloyd
2
Reason for the notification
a)
Position/Status:
President and EVP Sales & Marketing
b)
Initial Notification/Amendment:
Initial Notification
3
Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)
Name:
Corero Network Security plc
b)
LEI:
N/a
4.
Details of 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:
Identification code:
Ordinary Shares of 1 pence each
ISIN: GB00B54X0432
b)
Nature of the transaction:
Grant of share options 
c)
Price(s) and volume(s):
Price(s)
Volume(s)
Nil
3,995,000
d) 
Aggregated volume:
Price:
3,995,000
Nil
e)
Date of the Transaction:
25 April 2017
f)
Place of the Transaction:
N/a
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Andrew Miller
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 participation, auction platform, auctioneer or auction monitor
a)
Name:
Corero Network Security plc
b)
LEI:
N/a
4.
Details of 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:
Identification code:
Ordinary Shares of 1 pence each
ISIN: GB00B54X0432
b)
Nature of the transaction:
Grant of share options 
c)
Price(s) and volume(s):
Price(s)
Volume(s)
Nil
1,919,000
d) 
Aggregated volume:
Price:
1,919,000
Nil
e)
Date of the Transaction:
25 April 2017
f)
Place of the Transaction:
N/a
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Jens Montanana
2
Reason for the notification
a)
Position/Status:
Non-executive Director and Chairman
b)
Initial Notification/Amendment:
Initial Notification
3
Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)
Name:
Corero Network Security plc
b)
LEI:
N/a
4.
Details of 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:
Identification code:
Ordinary Shares of 1 pence each
ISIN: GB00B54X0432
b)
Nature of the transaction:
Grant of share options 
c)
Price(s) and volume(s):
Price(s)
Volume(s)
Nil
994,000
d) 
Aggregated volume:
Price:
994,000
Nil
e)
Date of the Transaction:
25 April 2017
f)
Place of the Transaction:
N/a
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 participation, auction platform, auctioneer or auction monitor
a)
Name:
Corero Network Security plc
b)
LEI:
N/a
4.
Details of 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:
Identification code:
Ordinary Shares of 1 pence each
ISIN: GB00B54X0432
b)
Nature of the transaction:
Grant of share options 
c)
Price(s) and volume(s):
Price(s)
Volume(s)
Nil
450,000
d) 
Aggregated volume:
Price:
450,000
Nil
e)
Date of the Transaction:
25 April 2017
f)
Place of the Transaction:
N/a
Placing and Subscription
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Jens Montanana
2
Reason for the notification
a)
Position/Status:
Non-executive Director and Chairman
b)
Initial Notification/Amendment:
Initial Notification
3
Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)
Name:
Corero Network Security plc
b)
LEI:
N/a
4.
Details of 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:
Identification code:
Ordinary Shares of 1 pence each
ISIN: GB00B54X0432
b)
Nature of the transaction:
Purchase of new Ordinary Shares through a Subscription with the Company
c)
Price(s) and volume(s):
Price(s)
Volume(s)
5p
68,696,010
d) 
Aggregated volume:
Price:
68,696,010
5p
e)
Date of the Transaction:
25 April 2017
f)
Place of the Transaction:
N/a
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Andrew Miller
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 participation, auction platform, auctioneer or auction monitor
a)
Name:
Corero Network Security plc
b)
LEI:
N/a
4.
Details of 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:
Identification code:
Ordinary Shares of 1 pence each
ISIN: GB00B54X0432
b)
Nature of the transaction:
Purchase of new Ordinary Shares through a Subscription with the Company
c)
Price(s) and volume(s):
Price(s)
Volume(s)
5p
200,000
d) 
Aggregated volume:
Price:
200,000
5p
e)
Date of the Transaction:
25 April 2017
f)
Place of the Transaction:
N/a
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Andrew Lloyd
2
Reason for the notification
a)
Position/Status:
President and EVP Sales & Marketing
b)
Initial Notification/Amendment:
Initial Notification
3
Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)
Name:
Corero Network Security plc
b)
LEI:
N/a
4.
Details of 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:
Identification code:
Ordinary Shares of 1 pence each
ISIN: GB00B54X0432
b)
Nature of the transaction:
Purchase of new Ordinary Shares through a Subscription with the Company
c)
Price(s) and volume(s):
Price(s)
Volume(s)
5p
300,000
d) 
Aggregated volume:
Price:
300,000
5p
e)
Date of the Transaction:
25 April 2017
f)
Place of the Transaction:
N/a

This information is provided by RNS
The company news service from the London Stock Exchange
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