REG - Corero Network Sec. - Grant of share options

Corero Network SecurityAnnouncement

27/01/2021 07:00

RNS Number : 9791M
  
Corero Network Security PLC
  
27 January 2021
  
 

27 January 2021
 
Corero Network Security plc
("Corero" or the "Company")
 
Grant of share options
 
Corero Network Security plc (AIM: CNS), a leading provider of real-time, high-performance, automatic Distributed Denial of Service (DDoS) cyber defense solutions, announces options were granted on 26 January 2021 over a total of 3,545,000 new ordinary shares of 1p each in the Company to Group employees and to the Directors of the Company (the "Options") under existing share option schemes in the amounts set out below.
 
The Options carry an exercise price of 13.00 pence per ordinary share, which equates to the closing mid-market price of an Ordinary Share on 25 January 2021, and vest in equal proportions on the first, second and third anniversaries of the date of grant. The Options are exercisable from vesting until the tenth anniversary of grant. Any new 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. 
 



Director


Number of Options




Jens Montanana


350,000




Lionel Chmilewsky


500,000




Ashley Stephenson


350,000




Richard Last


350,000




Peter George


350,000



 
In addition to the grant of the above Options to the Directors, and the grant of 1,325,000 of the Options to other Corero persons discharging managerial responsibilities ("PDMRs") as set out below, 320,000 of the Options were granted to other Group employees. 
 
Following the grant of Options, the Company has now granted a total of Options over 51,731,439 new Ordinary Shares, representing 10.5% of the Company's current issued ordinary share capital.
 
 
Enquiries:
 



Corero Network Security plc








Lionel Chmilewsky, Chief Executive Officer
Neil Pritchard, Group Finance Director


 
Tel: +44(0)1895 876 382














Cenkos Securities plc


Tel: +44(0)20 7397 8900




Ben Jeynes - Corporate Finance
Alex Pollen - Sales


















Vigo Communications


Tel: +44(0)20 7390 0230




Jeremy Garcia / Antonia Pollock
corero@vigocomms.com







 
About Corero Network Security
 
Corero Network Security plc, is a global leader in real-time, high-performance, automatic DDoS cyber defense solutions. Both Service and Hosting providers, alongside digital enterprises across the globe rely on Corero's award winning cybersecurity technology to eliminate the threat of Distributed Denial of Service (DDoS) to their digital environment through automatic attack detection and mitigation, coupled with network visibility, analytics and reporting. Corero's industry leading SmartWall and SecureWatch technology provides scalable protection capabilities against external DDoS attackers and internal DDoS botnets in the most complex edge and subscriber environments, while enabling a more cost-effective economic model than previously available. Corero's key operational centers located in Marlborough, Massachusetts, USA and Edinburgh, UK, with the Company's headquarters in Amersham, UK. The Company is listed on the London Stock Exchange's AIM market under the ticker CNS.  For more information, visit www.corero.com
 
NOTIFICATIONS 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


Jens Montanana




2 


Reason for the notification




a)


Position/status


Non-Executive Chairman




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 1 pence each














Identification code


GB00B54X0432














b)


Nature of the transaction


Grant of share options




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















Nil


350,000






























d)
 


Aggregated information


n/a - single transaction














- Aggregated volume


















- Price


















e)


Date of the transaction


26 January 2021




f)


Place of the transaction


Outside a trading venue



 



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 1 pence each














Identification code


GB00B54X0432














b)


Nature of the transaction


Grant of share options




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















Nil


350,000






























d)
 


Aggregated information


n/a - single transaction














- Aggregated volume


















- Price


















e)


Date of the transaction


26 January 2021




f)


Place of the transaction


Outside a trading venue



 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)


Name


Peter George




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 1 pence each














Identification code


GB00B54X0432














b)


Nature of the transaction


Grant of share options




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















Nil


350,000






























d)
 


Aggregated information


n/a - single transaction














- Aggregated volume


















- Price


















e)


Date of the transaction


26 January 2021




f)


Place of the transaction


Outside a trading venue



 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)


Name


Lionel Chmilewsky




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 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 1 pence each














Identification code


GB00B54X0432














b)


Nature of the transaction


Grant of share options




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















Nil


500,000






























d)
 


Aggregated information


n/a - single transaction














- Aggregated volume


















- Price


















e)


Date of the transaction


26 January 2021




f)


Place of the transaction


Outside a trading venue



 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)


Name


Ashley Stephenson




2 


Reason for the notification




a)


Position/status


Chief Technology Officer




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 1 pence each














Identification code


GB00B54X0432














b)


Nature of the transaction


Grant of share options




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















Nil


350,000






























d)
 


Aggregated information


n/a - single transaction














- Aggregated volume


















- Price


















e)


Date of the transaction


26 January 2021




f)


Place of the transaction


Outside a trading venue



 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)


Name


Neil Pritchard




2 


Reason for the notification




a)


Position/status


Group Financial 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 1 pence each














Identification code


GB00B54X0432














b)


Nature of the transaction


Grant of share options




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















Nil


150,000






























d)
 


Aggregated information


n/a - single transaction














- Aggregated volume


















- Price


















e)


Date of the transaction


26 January 2021




f)


Place of the transaction


Outside a trading venue



 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)


Name


Duncan Swallow




2 


Reason for the notification




a)


Position/status


Company Secretary




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 1 pence each














Identification code


GB00B54X0432














b)


Nature of the transaction


Grant of share options




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















Nil


75,000






























d)
 


Aggregated information


n/a - single transaction














- Aggregated volume


















- Price


















e)


Date of the transaction


26 January 2021




f)


Place of the transaction


Outside a trading venue



 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)


Name


Michael Connolly




2 


Reason for the notification




a)


Position/status


Vice President, Global Sales




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 1 pence each














Identification code


GB00B54X0432














b)


Nature of the transaction


Grant of share options




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















Nil


350,000






























d)
 


Aggregated information


n/a - single transaction














- Aggregated volume


















- Price


















e)


Date of the transaction


26 January 2021




f)


Place of the transaction


Outside a trading venue



 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)


Name


Joao Melo




2 


Reason for the notification




a)


Position/status


VP of Operations & Security Services




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 1 pence each














Identification code


GB00B54X0432














b)


Nature of the transaction


Grant of share options




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















Nil


400,000






























d)
 


Aggregated information


n/a - single transaction














- Aggregated volume


















- Price


















e)


Date of the transaction


26 January 2021




f)


Place of the transaction


Outside a trading venue



 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)


Name


Julian Palmer




2 


Reason for the notification




a)


Position/status


Executive Vice-President of Engineering




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 1 pence each














Identification code


GB00B54X0432














b)


Nature of the transaction


Grant of share options




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















Nil


350,000






























d)
 


Aggregated information


n/a - single transaction














- Aggregated volume


















- Price


















e)


Date of the transaction


26 January 2021




f)


Place of the transaction


Outside a trading venue



 

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