REG - KRM22 PLC - Issue of Options

KRM22Announcement

05/10/2020 07:00

RNS Number : 0180B
  
KRM22 PLC
  
05 October 2020
  
 

KRM22 plc
("KRM22", the "Group" or the "Company")
Issue of Options 
 
KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, announces the issue of a total of 477,183 options ("Options") including 185,034 Options to subscribe for new ordinary shares of 10p each in the Company ("Ordinary Shares") to employees of the Group and certain Directors of the Company, including Kim Suter (CFO), Sandy Broderick (Non-Executive Director), Garry Jones (Non-Executive Director) and Steve Sparke (Non-Executive Director) under the Company's Employee Share Option Plan.
 
Of the total of 477,183 Options issued, Kim Suter has been issued 17,270 Options on the same terms as all other employees.  Sandy Broderick has been issued with 59,211 Options, Garry Jones has been issued with 49,342 Options and Steve Sparke has been issued with 59,211 Options on different terms as all other employees.
 
The Options are exercisable at 38 pence, will vest over a 30 day period for employees, vest over a three month period for the Non-Executive Directors and will expire on 1 October 2030.  The Options are not subject to any vesting conditions as the options were awarded for salary sacrifices undertaken by all employees as part of the Company's cost reduction actions.
 







Existing options over Ordinary Shares 


Options over Ordinary Shares


Total options over Ordinary Shares following the issue


Total options as a % of the issued share capital




Kim Suter


336,217


17,270


353,487


1.32%




Sandy Broderick


69,210


59,211


128,421


0.48%




Garry Jones


176,471


49,342


225,813


0.85%




Steve Sparke


-


59,211


59,211


0.22%



 
Following this announcement, there is a total of 3,706,713 Options over Ordinary Shares representing 13.87% of the current issued share capital of the Company. 
 
 
For further information please contact:
 
KRM22 plc                                                                             InvestorRelations@krm22.com
Keith Todd CBE, Executive Chairman and CEO
Kim Suter, CFO
 
finnCap Ltd (Nominated Adviser and Sole Broker)                     +44 (0)20 7220 0500
Carl Holmes / Kate Bannatyne / Matthew Radley 
Alice Lane / 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' regulatory, market, technology and operations 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


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)




38p


17,270








d)


Aggregated information:

·      Aggregated volume
·      Price



 
See 4c) above




e)


Date of the transaction


1 October 2020 




f)


Place of the transaction


Outside a trading venue 



 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Sandy Broderick




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


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)




38p


59,211








d)


Aggregated information:

·      Aggregated volume
·      Price



 
See 4c) above




e)


Date of the transaction


1 October 2020




f)


Place of the transaction


Outside a trading venue 



 



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 Director




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)




38p


49,342








d)


Aggregated information:

·      Aggregated volume
·      Price



 
See 4c) above




e)


Date of the transaction


1 October 2020 




f)


Place of the transaction


Outside a trading venue 



 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Steve Sparke




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


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)




38p


59,211








d)


Aggregated information:

·      Aggregated volume
·      Price



 
See 4c) above




e)


Date of the transaction


1 October 2020 




f)


Place of the transaction


Outside a trading venue 



 

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