REG - Northamber PLC - Grant of Share Options

NorthamberAnnouncement

10/01/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240110:nRSJ1593Za&default-theme=true

RNS Number : 1593Z  Northamber PLC  10 January 2024

Northamber PLC

("Northamber" or the "Company")

 

Grant of Share Options

 

10 January 2024

 

Northamber (AIM:NAR), announces that under its Company Share Option Plan
("CSOP"), it has granted a total of 67,415 options ("CSOP Options") over
ordinary shares of £0.01 each in the Company ("Ordinary Shares") to Jeremy
Keefe, pursuant to his appointment as Group Managing Director on 2 January
2024.

 

The exercise price of the CSOP Options is equal to the mid-market closing
price of an Ordinary Share on 9 January 2024, being 44.5 pence.

 

The CSOP Options will vest and become exercisable on the later of:

 

•       the third anniversary of the date of grant; and

·     the date on which the board of directors determines that the
volume-weighted average mid-market closing price of an Ordinary Share as
derived from the AIM Appendix to the Daily Official List ("VWAP") over a
period of 30 dealing days, is equal to or greater than £0.90 ("VWAP Target").

 

Contacts:

 Northamber PLC                                              investor_relations@northamber.com (mailto:investor_relations@northamber.com)

 Alex Phillips, Executive Chairman

 Singer Capital Markets (Nominated Adviser and Sole Broker)  Tel: +44 (0) 207 496 3000
 Philip Davies / Finn Gordon

 

 

 

 1.    Details of the person discharging managerial responsibilities / person closely
       associated
 a.    Name                                                         Jeremy Keefe
 2.    Reason for the notification: Grant of CSOP options
 a.    Position/status                                              Group Managing Director
 b.    Initial notification                                         Initial notification

       /Amendment
 3.    Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a.    Name                                                         Northamber plc
 b.    LEI                                                          213800F4IVW7568DW226
 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  Ordinary shares of 1 pence each

       Identification code

                                                                    GB00B2Q99X01
 b.    Nature of the transaction                                    Grant of CSOP options
 c.    Price(s) and volume(s)                                       Volume(s) 67,415  Price(s) 44.5p
 d.    Aggregated information                                       N/A - single transaction

       Aggregated volume                                            67,415

       Price                                                        44.5p

 e.    Date of the transaction                                      09/01/24
 f.    Place of the transaction                                     Off-Exchange

d.

Aggregated information

Aggregated volume

Price

N/A - single transaction

67,415

44.5p

 

e.

Date of the transaction

09/01/24

f.

Place of the transaction

Off-Exchange

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHMZGGMRLZGDZM