REG - Corero Network Sec. - Posting of Circular and Director's Subscriptions

Corero Network SecurityAnnouncement

05/04/2018 11:55

RNS Number : 9736J
Corero Network Security PLC
05 April 2018
 

5 April 2018
 
Corero Network Security plc
("Corero," the "Company" or the 'Group')
Posting of Circular and Director's Subscriptions
 
Corero (AIM: CNS), the listed network security company, announces that the circular to shareholders containing details of the placing and subscription announced on 5 April 2018 (the "Circular") has today been posted to shareholders.  A copy of the Circular is available on the Company's website at https://www.corero.com/investors/company-documents.
In addition, the Company confirms that Jens Montanana, Andrew Lloyd and Richard Last, each a Director of the Company, have entered into Subscription Agreements. The interests of the Directors on 4 April 2018 (being the last practicable date prior to publication of this announcement) are, and immediately following Admission will be, as follows:




Director


Number of Ordinary Shares held on 4 April 2018 (being the last practicable date prior to publication)


Number of New Ordinary Shares to be subscribed for in the Subscription
 


Resulting number of Ordinary Shares held immediately following Admission


Resulting holding as a percentage of the Enlarged Share Capital




Jens Montanana


138,000,000*


16,382,609**


154,382,609


40.10%




Andrew Lloyd


300,000


100,000


400,000


0.10%




Richard Last


1,316,667


683,333


2,000,000


0.52%




Total


139,616,667


17,165,942


156,782,609


40.72%




 
*of which 25,987,899 Ordinary Shares are held in the name of JPM International Limited, which is wholly owned by Jens Montanana, and 94,258,302 Ordinary Shares are held in the name of The New Millennium Technology Trust of which Jens Montanana is a beneficiary.
** which will be subscribed for by Jens Montanana in his personal capacity or JPM International Limited, which is wholly owned by Jens Montanana, or by The New Millennium Technology Trust of which Jens Montanana is a beneficiary.
Enquiries:
Corero Network Security plc                                                  Tel: 01895 876 382

Andrew Miller, CFO             
Cenkos Securities plc                                                              Tel: 020 7397 8900

Mark Connelly / Bobbie Hilliam - NOMAD     

Michael Johnson - Sales   
Vigo Communications                                                            Tel: 020 7830 9703

Jeremy Garcia / Ben Simons             

corero@vigocomms.com    
 



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