REG - Northamber PLC - New Company Share Option Scheme & Grant of Options
27/07/2023 07:15
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RNS Number : 3114H Northamber PLC 27 July 2023
Northamber PLC
("Northamber" or the "Company")
New Company Share Option Plan
Grant of Share Options
27 July 2023
Northamber (AIM:NAR), announces that it has adopted a Company Share Option
Plan ("CSOP"), under which all of the Company's eligible employees will be
able to participate.
Options under the CSOP ("CSOP Options") to acquire a total of 131,250 ordinary
shares of £0.01 each in the capital of the Company ("Ordinary Shares"), have
been granted to 3 directors, which represent 0.48 per cent. of the existing
issued share capital of the Company, as detailed below.
In addition, the Company intends to grant additional CSOP Options to acquire
up to 1,266,240 Ordinary Shares to senior management and other employees,
which would represent up to 4.65 per cent. of the existing issued share
capital of the Company.
The exercise price of all the CSOP Options is equal to the mid-market closing
price of an Ordinary Share as derived from the AIM Appendix to the Daily
Official List on the dealing day immediately prior to the date of grant of the
CSOP Options, being 25 July 2023.
Detail of CSOP Option grants to Directors
Name Number of Ordinary Shares over which CSOP Options have been granted Exercise Price Number of Ordinary Shares under CSOP Option as a % of share capital
Peter Dosanjh 43,750 42.5p 0.16%
Tony Lee 43,750 42.5p 0.16%
John Henry 43,750 42.5p 0.16%
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").
Except in the event of a change of control of the Company and in certain 'good
leaver' scenarios, CSOP Options may only be exercised after the third
anniversary of the date of grant and to the extent that the VWAP Target is
met. The CSOP Options granted by the Company to date are not subject to any
holding period.
Contacts:
Northamber PLC investor_relations@northamber.com (mailto:investor_relations@northamber.com)
Colin Thompson, Chairman
Singer Capital Markets (Nominated Adviser and Sole Broker) Tel: +44 (0) 207 496 3000
Philip Davies
Alex Bond
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Peter Dosanjh
2. Reason for the notification: Grant of CSOP options
a. Position/status
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) 43,750 Price(s) 42.5p
d. Aggregated information [N/A - single transaction]
Aggregated volume 43,750
Price 42.5p
e. Date of the transaction 26/07/23
f. Place of the transaction Off-Exchange
d.
Aggregated information
Aggregated volume
Price
[N/A - single transaction]
43,750
42.5p
e.
Date of the transaction
26/07/23
f.
Place of the transaction
Off-Exchange
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Tony Lee
2. Reason for the notification: Grant of CSOP options
a. Position/status
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) 43,750 Price(s) 42.5p
d. Aggregated information [N/A - single transaction]
Aggregated volume 43,750
Price 42.5p
e. Date of the transaction 26/07/23
f. Place of the transaction Off-Exchange
d.
Aggregated information
Aggregated volume
Price
[N/A - single transaction]
43,750
42.5p
e.
Date of the transaction
26/07/23
f.
Place of the transaction
Off-Exchange
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name John Henry
2. Reason for the notification: Grant of CSOP options
a. Position/status
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) 43,750 Price(s) 42.5p
d. Aggregated information [N/A - single transaction]
Aggregated volume 43,750
Price 42.5p
e. Date of the transaction 26/07/23
f. Place of the transaction Off-Exchange
d.
Aggregated information
Aggregated volume
Price
[N/A - single transaction]
43,750
42.5p
e.
Date of the transaction
26/07/23
f.
Place of the transaction
Off-Exchange
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