REG - Starcom PLC - Grant of options <Origin Href="QuoteRef">STARS.L</Origin>

Star EnergyAnnouncement

29/06/2017 15:15

RNS Number : 6288J
Starcom PLC
29 June 2017
29 June 2017
 
Starcom Plc
("Starcom" or "the Company")
Grant of options
Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people, is pleased to announce that options have been granted under the Starcom PLC 2016 Global Share Option Plan over a total of 16,093,680 Ordinary Shares (representing 8 per cent. of the Company's issued share capital) ("the Options") as follows:
Grantee
Number of Options
Percentage of issued share capital
Avi Hartmann
4,023,420
2
Avi Engel
2,011,710
1
Michael Rosenberg
2,011,710
1
Uri Hartmann
4,023,420
2
Doron Kedem
4,023,420
2
 
The options are exercisable at a price of 2.5p per share, representing a premium of approximately 54 per cent. to yesterday's mid market closing price of 1.625p per share. The options vest as to 50 per cent. one year after grant and, as to the balance, two years after grant. Any unexercised options expire at the end of 10 years from grant.
Related party transaction
The grant of the Options is a related party transaction under AIM Rule 13. Udi Shenig, the sole independent director, having consulted with the Company's Nominated Adviser, Northland Capital Partners Limited, considers that the terms of the grant of Options are fair and reasonable insofar as the Company's shareholders are concerned.
 
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For further information, please contact:
Starcom Plc
Michael Rosenberg, Chairman
07785 727 595
Avi Hartmann, CEO
+972 5430 70103
+972 3619 9901
Northland Capital Partners Limited
020 3861 6625
Nominated Adviser and Broker 
Edward Hutton / David Hignell 
(Corporate Finance)
John Howes 
(Sales and Broking) 
Peterhouse Corporate FinanceLimited
Joint Broker
Lucy Williams / Charles Goodfellow / Eran Zucker
020 7469 0930
Leander PR
Financial PR
Christian Taylor-Wilkinson
020 7520 9267
07795 168 157
This announcement contains inside information. The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.
1
Details of the persons discharging managerial responsibilities I person closely associated
a)
Name
1. Avi Hartmann
2. Avi Engel
3. Michael Rosenberg
4. Uri Hartmann
5. Doron Kedem
2
Reasonforthenotification
a)
Position/status
1. Chief Executive
2. Non-executive director
3. Non-executive Chairman
4. Chief Technical Officer
5. Chief Operating Officer
b)
Initialnotification/Amendment
Initial notification
3
Details of the issuer
a)
Name
Starcom plc
b)
LEI
213800XVU7WF3QMF4826
4
Detailsofthetransaction(s):sectiontoberepeated for(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeenconducted
a)
Descriptionof the financial instrument,type ofinstrument
Options over Ordinary Shares of no par value
Identificationcode
ISIN for Ordinary Shares: JE00B8WSDY21
b)
Natureofthetransaction
Grant of options 
c)
Price(s)andvolume(s)
Option Price(s)
Volume(s)
2.5p
1. 4,023,420
2. 2,011,710
3. 2,011,710
4. 4,023,420
5. 4,023,420
d)
Aggregated information
- Aggregated volume
- Price
- Options over 16,093,680 shares
- 2.5p per share (exercise price)
e)
Date of the transaction
29 June 2017
f)
Place of the transaction
Outside a trading venue.
Shares issued on exercise of options to be admitted to trading on AIM, London Stock Exchange

This information is provided by RNS
The company news service from the London Stock Exchange
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