Grant of Options

RNS Number : 6517K

Falanx Cyber Security Limited

22 December 2022

 

22 December 2022

Falanx Cyber Security Limited

("Falanx" or the "Company")

Grant of Options

Falanx Cyber Security Limited (AIM: FCS), the global cyber security provider, announces that it has today awarded a total of 248,000 options (the "New Options") over ordinary shares of nil par value each in the Company ("Ordinary Shares") under the Company's existing Enterprise Management Incentive Scheme ("EMI Scheme").  A total of 188,000 New Options have been awarded to the following directors:

Director	Number of New Options Granted	Total number of options over the Ordinary Shares as adjusted by the share reorganisation (Excluding options awarded in lieu of salaries during Covid-19)	Total number of options as a percentage of the Company's issued share capital (Excluding options awarded in lieu of salaries during Covid-19)	Total number of options over the Ordinary Shares (Including options awarded in lieu of salaries during Covid-19)	Total number of options as a percentage of the Company's issued share capital (Including options awarded in lieu of salaries during Covid-19)
Michael Read	50,000	100,000	1.9%	166,000	3.2%
Ian Selby	50,000	100,000	1.9%	125,200	2.4%
Rick Flood	50,000	100,000	1.9%	149,992	2.8%
Emma Shaw	16,000	16,000	0.3%	23,992	0.5%
William Kilmer	22,000	22,000	0.4%	22,000	0.4%

The New Options have an exercise price of 50 pence per Ordinary Share (the "Exercise Price"), being the closing mid-market price on 21 December 2022, and will vest:

· as to 81,840 New Options (representing 33% of the total Options), provided that the average share price of the Company exceeds 75 pence (50% share price growth over the Exercise Price) for a period of 10 business days;

· as to 81,840 New Options (representing 33% of the total Options), provided that the average share price of the Company exceeds 100 pence (100% share price growth over the Exercise Price) for a period of 10 business days; and

· as to the balance of 84,320 New Options (representing 34% of the total Options), provided that the average share price of the Company exceeds 125 pence (150% growth over the Exercise Price) for a period of 10 business days.

Once vested the New Options are exercisable between 1 January 2023 and 21 December 2032, subject to accelerated vesting and exercise in certain customary scenarios.

Enquiries:

Falanx Cyber Security Limited Alex Hambro Chairman Mike Read CEO Ian Selby CFO	Via IFC
WH Ireland Mike Coe/ Sarah Mather (Nomad) Joanna Hunt (Corporate Broking)	+ 44 (0) 207 220 1666
IFC Advisory Ltd Financial PR & IR Graham Herring / Zach Cohen	[phone]

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Michael David Read
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	Falanx Cyber Security Limited
b)	LEI	213800YO4F9CUQLALV19
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 nil par value
b)	Identification code	VGG3338A1158
c)	Nature of the transaction	Grant of options over Ordinary Shares
d)	Price(s) and volume(s)	Volume(s): 50,000 Ordinary Shares Price: 50  pence per Ordinary Share
d)	Aggregated information  - Aggregated volume - Price	N/A
e)	Date of the transactions	22 December 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Ian Selby
2	Reason for the notification
a)	Position/status	CFO
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falanx Cyber Security Limited
b)	LEI	213800YO4F9CUQLALV19
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 nil par value
b)	Identification code	VGG3338A1158
c)	Nature of the transaction	Grant of options over Ordinary Shares
d)	Price(s) and volume(s)	Volume(s): 50,000 Ordinary Shares Price: 50  pence per Ordinary Share
d)	Aggregated information  - Aggregated volume - Price	N/A
e)	Date of the transactions	22 December 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Richard Andrew Flood
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falanx Cyber Security Limited
b)	LEI	213800YO4F9CUQLALV19
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 nil par value
b)	Identification code	VGG3338A1158
c)	Nature of the transaction	Grant of options over Ordinary Shares
d)	Price(s) and volume(s)	Volume(s): 50,000 Ordinary Shares Price: 50  pence per Ordinary Share
d)	Aggregated information  - Aggregated volume - Price	N/A
e)	Date of the transactions	22 December 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Emma Shaw
2	Reason for the notification
a)	Position/status	NED
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falanx Cyber Security Limited
b)	LEI	213800YO4F9CUQLALV19
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 nil par value
b)	Identification code	VGG3338A1158
c)	Nature of the transaction	Grant of options over Ordinary Shares
d)	Price(s) and volume(s)	Volume(s): 16,000 Ordinary Shares Price: 50 pence per Ordinary Share
d)	Aggregated information  - Aggregated volume - Price	N/A
e)	Date of the transactions	22 December 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	William Kilmer
2	Reason for the notification
a)	Position/status	NED
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falanx Cyber Security Limited
b)	LEI	213800YO4F9CUQLALV19
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 nil par value
b)	Identification code	VGG3338A1158
c)	Nature of the transaction	Grant of options over Ordinary Shares
d)	Price(s) and volume(s)	Volume(s): 22,000 Ordinary Shares Price: 50  pence per Ordinary Share
d)	Aggregated information  - Aggregated volume - Price	N/A
e)	Date of the transactions	22 December 2022
f)	Place of the transaction	Outside a trading venue

 

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