REG - Newmark Security PLC - Grant of options

Newmark SecurityAnnouncement

26/07/2023 16:30

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RNS Number : 3083H  Newmark Security PLC  26 July 2023

Newmark Security plc

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

 

Grant of options

 

Newmark Security plc (AIM: NWT), a leading provider of electronic and physical
security systems, announces the grant of options over ordinary shares of 5p
each ("Ordinary Shares") to a Director and certain members of senior
management of the Company under the Newmark Security plc 2019 EMI Share Option
Plan (the "Plan").

 

Grant of options to Newmark CEO

 

Under her service agreement, Marie-Claire Dwek is entitled to receive options
over Ordinary Shares representing 20% of her annual salary, subject to the
achievement of certain operational performance criteria in each financial
period. The Company has granted EMI options to Marie-Claire Dwek over 90,000
new Ordinary Shares (the "CEO Options") in respect of the financial year ended
30 April 2023. The CEO Options are exercisable at 53.5p per option and vest as
to 1/3 on 26 July 2024, 1/3 on 26 July 2025 and 1/3 on 26 July 2026.  The CEO
Options lapse on the tenth anniversary of the date of grant.

 

Following the grant of the CEO Options, Marie-Claire Dwek holds options over
499,242 Ordinary Shares, equivalent to 5.33% of the Company's current issued
share capital.

 

Grant of options to Senior Management

 

The Company has granted an additional 105,000 options over Ordinary Shares to
members of the Group's Senior Management (the "Management Options"), including
the following grants to persons discharging managerial responsibilities
("PDMRs"):

 

 Name                 Role                            No. Management Options granted  Total no. of options held post grant  % of current issued share capital
 Colin Leatherbarrow  CTO, Grosvenor                  20,000                          60,000                                0.64%
 Ben Lagden           Commercial Director, Grosvenor  15,000                          40,000                                0.43%

 

In order to minimise dilution to shareholders whilst still providing a
meaningful incentive to the recipients of the Management Options, the
Management Options have an exercise price of 5p per option, being the nominal
value of an Ordinary Share. The Management Options all vest on the third
anniversary of the date of grant, subject to continued employment, and are
exercisable up until the tenth anniversary of the date of grant. The
Management Options are subject to an additional share price vesting criteria
that the average closing mid-market price of an Ordinary Share on the 10
business days preceding the date of exercise must exceed 85.6p, being a 60%
premium to the closing mid-market price of an Ordinary Share of 53.5p on 25
July 2023, the day before date of grant.

 

Total options outstanding

 

In total, the Company has today granted options over 195,000 new Ordinary
Shares, representing 2.08% of the Company's current issued share capital.
Following the options grants, the Company has a total of 899,242 options
outstanding over Ordinary Shares, representing 9.59% of the Company's current
issued share capital.

 

Further details on the grants to Directors and PDMRs are set out in the tables
below.

 

Notification 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                                                         Marie-Claire Dwek
 2    Reason for the notification
 a)   Position/status                                              CEO
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Newmark Security plc
 b)   LEI                                                          213800CL2XGDB1YCLM67
 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 5p each in Newmark Security plc

      Identification code

                                                                   Identification code (ISIN) for Newmark Security plc ordinary
                                                                   shares: GB00BNYM9W73
 b)   Nature of the transaction                                    Grant of options
 c)   Price(s) and volume(s)                                        Price(s)             Volume(s)
                                                                   53.5p exercise price  90,000

 
 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price                                                      n/a
 e)   Date of the transaction                                      26 July 2023
 f)   Place of the transaction                                     Outside a trading venue - grant of options

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

n/a

e)

Date of the transaction

26 July 2023

f)

Place of the transaction

Outside a trading venue - grant of options

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Colin Leatherbarrow
 2    Reason for the notification
 a)   Position/status                                              CTO, Grosvenor Technology (PDMR)
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Newmark Security plc
 b)   LEI                                                          213800CL2XGDB1YCLM67
 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 5p each in Newmark Security plc

      Identification code

                                                                   Identification code (ISIN) for Newmark Security plc ordinary
                                                                   shares: GB00BNYM9W73
 b)   Nature of the transaction                                    Grant of options
 c)   Price(s) and volume(s)                                        Price(s)          Volume(s)
                                                                   5p exercise price  20,000

 
 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price                                                      n/a
 e)   Date of the transaction                                      26 July 2023
 f)   Place of the transaction                                     Outside a trading venue - grant of options

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

n/a

e)

Date of the transaction

26 July 2023

f)

Place of the transaction

Outside a trading venue - grant of options

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Ben Lagden
 2    Reason for the notification
 a)   Position/status                                              Commercial Director, Grosvenor (PDMR)
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Newmark Security plc
 b)   LEI                                                          213800CL2XGDB1YCLM67
 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 5p each in Newmark Security plc

      Identification code

                                                                   Identification code (ISIN) for Newmark Security plc ordinary
                                                                   shares: GB00BNYM9W73
 b)   Nature of the transaction                                    Grant of options
 c)   Price(s) and volume(s)                                        Price(s)          Volume(s)
                                                                   5p exercise price  15,000

 
 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price                                                      n/a
 e)   Date of the transaction                                      26 July 2023
 f)   Place of the transaction                                     Outside a trading venue - grant of options

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

n/a

e)

Date of the transaction

26 July 2023

f)

Place of the transaction

Outside a trading venue - grant of options

 

 

 Newmark Security plc                             Tel: +44 (0) 20 7355 0070

 Marie-Claire Dwek, Chief Executive Officer       www.newmarksecurity.com (http://www.newmarksecurity.com/)

 Paul Campbell-White, Chief Financial Officer

 Allenby Capital Limited                          Tel: +44 (0) 20 3328 5656

 (Nominated Adviser and Broker)

 James Reeve (Corporate Finance)

 Amrit Nahal, Tony Quirke (Sales & Broking)

 Yellow Jersey PR Limited                         Tel: +44 (0) 203 2004 9512

 (PR & IR)

 Charles Goodwin / Dominic Barretto

 

About Newmark Security plc

 

Newmark is a leading provider of electronic, software and physical security
systems that helps organisations protect human capital and provide safe spaces
seamlessly and securely.

 

From our locations in the UK and US, we operate through subsidiary businesses
positioned in specialist, high-growth markets.

 

We foster an open and inclusive work environment amongst our c.100 employees,
serving hundreds of blue-chip customers.

 

Our product portfolio consists of Human Capital Management and Access Control
Systems providing both hardware and software and Physical security
installations to various sectors.

 

Newmark Security plc is admitted to trading on AIM (AIM:NWT).

 

For more information, please visit: www.newmarksecurity.com
(https://newmarksecurity.com/)

 

 

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