REG - Corero Network Sec. - Results of Open Offer, Result of General Meeting <Origin Href="QuoteRef">CNSP.L</Origin>

Corero Network SecurityAnnouncement

09/05/2016 10:40

RNS Number : 6498X
Corero Network Security PLC
09 May 2016
9 May 2016
Corero Network Security plc (AIM: CNS)
("Corero" or the "Company")
Results of Open Offer 
and Result of General Meeting
On 21 April 2016, Corero Network Security plc (AIM: CNS), the AIM listed network security company, announced a conditional Firm Placing and Subscription to raise 8.0 million and an Open Offer to raise up to an additional 1.0 million.
The Company is pleased to announce that at its General Meeting held today the resolution as set out in the Circular dated 21 April 2016 was duly passed without amendment.
The Company is also pleased to announce the results of the Open Offer, which closed for acceptances at 11.00 a.m. on 6 May 2016. Valid acceptances have been received in respect of 1,409,923 New Ordinary Shares of 1 pence each representing a percentage take up of 30.6 per cent of those New Ordinary Shares available under the Open Offer. Qualifying Shareholders who have applied for Offer Shares will receive the full number of Offer Shares applied for by them and those that made an application under the Excess Application Facility will receive 100 per cent of Excess Shares applied for by them.
Application has been made for 1,409,923 New Ordinary Shares, to be issued via the Open Offer, to be admitted to trading on AIM. The Company has also made application for 36,363,637 New Ordinary Shares, to be issued via the Firm Placing and Subscription, to be admitted to trading on AIM. It is expected that Admission and commencement of dealings in the 37,773,560 New Ordinary Shares will commence at 8.00 a.m. on 10 May 2016. Following Admission, the Enlarged Share Capital of the Company will consist of 203,410,976 Ordinary Shares. Therefore, the total number of voting rights in the Company is 203,410,976 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.
Immediately following admission of the New Ordinary Share, the interests of the Directors will be as follows:
Director
Number of Ordinary Shares held immediately following Admission
Resulting holding as a percentage of the Enlarged Share Capital
Jens Montanana
69,303,990
34.07%
Ashley Stephenson
38,000
0.02%
Andrew Miller
891,437
0.44%
Richard Last 
1,316,667
0.65%
Andrew Lloyd
-
-
Defined terms used in this announcement not otherwise defined shall have the same meanings as those terms defined and used in the Circular dated 21 April 2016.
Enquiries:
Corero Network Security plc
Andrew Miller, CFO
Tel: 01895 876382
Cenkos Securities plc
Tel: 020 73978900
Bobbie Hilliam - NOMAD
Alex Aylen - Corporate Broking / Sales
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

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