REG - Osirium Technologies - Grant of Options and PDMR Dealings
22/05/2023 07:00
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RNS Number : 1005A Osirium Technologies PLC 22 May 2023
22 May 2023
Osirium Technologies plc
("Osirium" or the "Group")
Grant of options and PDMR dealings
Osirium Technologies plc (AIM: OSI), a leading vendor of cloud-based
cybersecurity and IT automation software, announces that, further to the
announcements issued by the Company on 03 April 2023 and 18 April 2023 (the
"Announcements"), the Company has completed the variation to the terms of the
Company's Enterprise Management Incentive (EMI) Share Option Plan 2020-2025
(the "Plan") as approved by shareholders at the Company's recent annual
general meeting.
As contemplated in the Announcements, all historic options granted pursuant to
the Plan and the Company's previous share option schemes have now been
surrendered by the respective option holders. In total, 2,508,050 options were
surrendered.
The Company has on 19 May 2023 granted the 9,803,894 new options (the "New
Options") over ordinary shares of 1p each in the Company ("Ordinary Shares")
pursuant to the amended Plan to a number of employees and Directors.
The number of New Options that have been granted to and surrendered by
Directors of the Company and their closely associated persons (as defined in
UK MAR) are as follows:
Director/PCA No. of options surrendered No. of New Options granted Percentage of issued share capital
Stuart McGregor (CEO) 218,500 3,676,460 3.00%
Rupert Hutton (CFO) 147,250 1,225,487 1.00%
David Guyatt (Chairman) 1,061,416 - -
Simon Lee (NED) 146,125 - -
Simon Hember (NED) 26,125 - -
Catherine Jamieson 180,000 612,743 0.50%
(wife of David Guyatt)
The New Options have an exercise price of 2p per option (being the issue price
of the Company's most recent fundraise). All New Options are subject to the
following additional performance based vesting criteria:
· the closing share price of an Ordinary Share must exceed 4p for a
rolling 30-day period; and
· the Company must have achieved annualised recurring revenue of at
least £3.5 million, when reported in the Company's full year or half year
results.
The New Options will vest equally over three years as set out in the
Announcement. Following the surrender of historic options and grant of the New
Options, the Company currently has options outstanding over 9,803,894 Ordinary
Shares, representing 8% of the Company's total issued share capital.
Contacts:
Osirium Technologies plc Tel: +44 (0)1183 242 444
Stuart McGregor, Chief Executive Officer
Rupert Hutton, Chief Financial Officer
Allenby Capital Limited (Nominated adviser and broker) Tel: +44 (0)20 3328 5656
James Reeve / George Payne (Corporate Finance)
Tony Quirke / Stefano Aquilino (Sales and Corporate Broking)
Alma PR (Financial PR adviser) Tel: +44 (0)20 3405 0205
Hilary Buchanan osirium@almapr.co.uk (mailto:osirium@almapr.co.uk)
Kieran Breheny
Will Ellis Hancock
About Osirium Technologies Plc
Osirium Technologies plc (AIM: OSI) is a leading UK-based cybersecurity
software vendor delivering Privileged Access Management (PAM), Privileged
Endpoint Management (PEM) and Osirium Automation solutions that are uniquely
simple to deploy and maintain.
With privileged credentials involved in over 80% of security breaches,
customers rely on Osirium PAM's innovative technology to secure their critical
infrastructure by controlling 3rd party access, protecting against insider
threats, and demonstrating rigorous compliance. Osirium Automation delivers
time and cost savings by automating complex, multi-system processes securely,
allowing them to be delegated to Help Desk engineers or end-users and to free
up specialist IT resources. The Osirium PEM solution balances security and
productivity by removing risky local administrator rights from users, while at
the same time allowing escalated privileges for specific applications.
Founded in 2008 and with its headquarters in Reading, UK, the Group was
admitted to trading on AIM in April 2016. For further information please
visit www.osirium.com (http://www.osirium.com/) .
1 Details of the person discharging managerial responsibilities / person closely
associated (PCA)
a) Name
PDMRs:
Stuart McGregor CEO
Rupert Hutton CFO
PCAs:
Catherine Jamieson PCA with David Guyatt
2 Reason for the notification
a) Position/status See 1a) above
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Osirium Technologies plc
b) LEI 213800CTPGYQ4POIC338
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 nominal value 1 pence each
Identification code GB00BZ58DH10
b) Nature of the transaction Grant of share options
c) Price(s) and volume(s) Exercise price: as described above
Volumes:
Stuart McGregor 3,676,460
Rupert Hutton 1,225,487
Catherine Jamieson 612,743
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 19 May 2023
f) Place of the transaction Outside a trading venue
PCAs:
Catherine Jamieson PCA with David Guyatt
2
Reason for the notification
a)
Position/status
See 1a) above
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Osirium Technologies plc
b)
LEI
213800CTPGYQ4POIC338
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
Identification code
Ordinary Shares of nominal value 1 pence each
GB00BZ58DH10
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
Exercise price: as described above
Volumes:
Stuart McGregor 3,676,460
Rupert Hutton 1,225,487
Catherine Jamieson 612,743
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
19 May 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated (PCA)
a) Name
PDMRs:
Stuart McGregor CEO
Rupert Hutton CFO
David Guyatt (Chairman)
Simon Lee NED
Simon Hember NED
PCAs:
Catherine Jamieson PCA with David Guyatt
2 Reason for the notification
a) Position/status See 1a) above
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Osirium Technologies plc
b) LEI 213800CTPGYQ4POIC338
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 nominal value 1 pence each
Identification code GB00BZ58DH10
b) Nature of the transaction Surrender of share options
c) Price(s) and volume(s) Price: n/a
Volumes:
Stuart McGregor 218,500
Rupert Hutton 147,250
David Guyatt 1,061,416
Simon Lee 146,125
Simon Hember 26,125
Catherine Jamieson 180,000
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 19 May 2023
f) Place of the transaction Outside a trading venue
PCAs:
Catherine Jamieson PCA with David Guyatt
2
Reason for the notification
a)
Position/status
See 1a) above
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Osirium Technologies plc
b)
LEI
213800CTPGYQ4POIC338
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
Identification code
Ordinary Shares of nominal value 1 pence each
GB00BZ58DH10
b)
Nature of the transaction
Surrender of share options
c)
Price(s) and volume(s)
Price: n/a
Volumes:
Stuart McGregor 218,500
Rupert Hutton 147,250
David Guyatt 1,061,416
Simon Lee 146,125
Simon Hember 26,125
Catherine Jamieson 180,000
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
19 May 2023
f)
Place of the transaction
Outside a trading venue
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