REG - KRM22 PLC - Grant of Options and Director/PDMR Shareholding

KRM22Announcement

22/08/2024 10:00

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RNS Number : 4311B  KRM22 PLC  22 August 2024

KRM22 plc

("KRM22", the "Group" or the "Company")

Grant of Options

Director / PDMR Shareholding

 

KRM22 plc, (AIM: KRM) the technology and software investment company that
focuses on risk management for capital markets, announces the grant of a total
of 925,000 options to subscribe for ordinary shares of 10p each (the
"Options") as part of the Company's Employee Share Option Plan including
650,000 Options to certain Directors of the Company, being Garry Jones,
(Non-Executive Chairman), Dan Carter (CEO) and Kim Suter (CFO).

 

Of the total of 925,000 Options granted, Dan Carter has been awarded 250,000
Options and Kim Suter has been awarded 200,000 Options on the same terms as
all other employees.  Garry Jones has been awarded 200,000 Options on
different terms in accordance with the terms of his agreement entered into
when he assumed the role as Non-Executive Chairman of the Company.

 

In the past twelve months, a total of 1,008,286 share options have lapsed due
to share performance conditions associated with previously awarded share
options not being achieved for employees who continue to be employed within
the Group, together with share options automatically being forfeited when
employees have ceased to be employed within the Group.

 

The Options awarded have an exercise price of 40 pence per share and will
lapse, to the extent not exercised, on 21 August 2034.  The Options awarded
to employees, including Dan Carter and Kim Suter, vest at the end of a three
year period from the date of grant being 21 August 2024, subject to continued
employment, whilst the Options awarded to Garry Jones vest in two tranches of
50% on 7 March 2025 and 50% on 7 March 2026, this being the first and second
anniversary respectively of his appointment as Non-Executive Chairman of the
Company.

 

              Current shareholding  Existing Options over Ordinary Shares  Award of Options over Ordinary Shares  Total Options over Ordinary Shares following the grant  Total Options as a % of the issued share capital
 Garry Jones  276,471               49,342                                 200,000                                249,342                                                 0.69%
 Dan Carter   6,757                 182,997                                250,000                                432,997                                                 1.39%
 Kim Suter    31,494                371,466                                200,000                                571,466                                                 1.78%

 

Following this announcement, there is a total of 4,464,237 Options over
Ordinary Shares representing 12.44% of the current issued share capital of the
Company.

 

Of the total 4,464,237 Options outstanding, 2,443,237 were awarded during
COVID as part of a cost saving and salary sacrifice exercise.

 

The Company currently has 35,899,981 Ordinary Shares in issue.

 

For further information please contact:

 

 KRM22                                                                                                                                                                                   InvestorRelations@krm22.com (mailto:InvestorRelations@krm22.com)
 plc

 Garry Jones, Chairman

 Dan Carter, CEO

 Kim Suter, CFO

 Cavendish Capital Markets Limited (Nominated Adviser and Sole                                                                                                                           +44 (0)20 7220 0500
 Broker)

 Carl Holmes / Rory Sale (Corporate Finance)

 Sunila de Silva (ECM)

 

The information communicated in this announcement is inside information for
the purposes of Article 7 of Regulation 596/2014.

 

 

About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April
2018.  The Company has been established with the objective of creating value
for its investors through the investment in, and subsequent growth and
development of, target companies in the technology and software sector, with a
focus on risk management in capital markets.

 

Through its investments and the Global Risk Platform, KRM22 helps capital
market companies reduce the cost and complexity of risk management.  The
Global Risk Platform provides applications to help address firms' trading and
corporate risk challenges and to manage their entire enterprise risk profile.

 

Capital markets companies' partner with KRM22 to optimise risk management
systems and processes, improving profitability and expanding opportunities to
increase portfolio returns by leveraging risk as alpha.

 

KRM22 plc is listed on AIM and the Group is headquartered in London, with
offices in several of the world's major financial centres.

 

See more about KRM22 at KRM22.com

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Garry Jones
 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                                                         KRM22 Plc
 b)  LEI                                                          213800IBCSBLSLJ9OD78
 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  Options over ordinary Shares of 10 pence each
     Identification code                                          GB00BFM6WC61
 b)  Nature of the transaction                                    Issue of options
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  40p       200,000
 d)  Aggregated information:

     ·      Aggregated volume                                     See 4c) above

     ·      Price
 e)  Date of the transaction                                      21 August 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information:

·      Aggregated volume

·      Price

 

See 4c) above

e)

Date of the transaction

21 August 2024

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Dan Carter
 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                                                         KRM22 Plc
 b)  LEI                                                          213800IBCSBLSLJ9OD78
 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  Options over ordinary Shares of 10 pence each
     Identification code                                          GB00BFM6WC61
 b)  Nature of the transaction                                    Issue of options
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  40p       250,000
 d)  Aggregated information:

     ·      Aggregated volume                                     See 4c) above

     ·      Price
 e)  Date of the transaction                                      21 August 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information:

·      Aggregated volume

·      Price

 

See 4c) above

e)

Date of the transaction

21 August 2024

f)

Place of the transaction

Outside a trading venue

 

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Kim Suter
 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 participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         KRM22 Plc
 b)  LEI                                                          213800IBCSBLSLJ9OD78
 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  Options over ordinary Shares of 10 pence each
     Identification code                                          GB00BFM6WC61
 b)  Nature of the transaction                                    Issue of options
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  40p       200,000
 d)  Aggregated information:

     ·      Aggregated volume                                     See 4c) above

     ·      Price
 e)  Date of the transaction                                      21 August 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information:

·      Aggregated volume

·      Price

 

See 4c) above

e)

Date of the transaction

21 August 2024

f)

Place of the transaction

Outside a trading venue

 

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