Director/PDMR Shareholding

RNS Number : 3644M

Corero Network Security PLC

27 April 2018

 

27 April 2018

Corero Network Security plc

("Corero," the "Company" or the 'Group')

Director/PDMR Shareholding

Further to the announcement made on 5 April 2018, the Result of GM announcement released on 26 April 2018 and Admission of the Placing and Subscription Shares to AIM becoming effective this morning, the Company makes the following disclosures in respect of the participation in the Subscription by certain persons discharging managerial responsibilities and persons closely associated, in accordance with article 19(3) of the Market Abuse Regulation.

Director	Number of New Ordinary Shares subscribed for in the Subscription	Number of Ordinary Shares held immediately following Admission	Resulting holding as a percentage of the Enlarged Share Capital
Jens Montanana	16,382,609*	154,382,609**	40.10%
Andrew Lloyd	100,000	400,000	0.10%
Richard Last	683,333	2,000,000	0.52%
Total	17,165,942	156,782,609	40.72%

* of which 7,686,957 New Ordinary Shares were subscribed by JPM International Limited, which is wholly owned by Jens Montanana, and 8,695,652 New Ordinary Shares which were subscribed by The New Millennium Technology Trust of which Jens Montanana is a beneficiary.

** of which 33,674,846 Ordinary Shares are held in the name of JPM International Limited, which is wholly owned by Jens Montanana, and 102,953,954 Ordinary Shares are held in the name of The New Millennium Technology Trust of which Jens Montanana is a beneficiary.

Capitalised terms used in this announcement shall have the same meaning as those definitions set out in the Circular to shareholders dated 5 April 2018.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Jens Montanana
2	Reason for notification
a.	Position/Status	Chairman
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Corero Network Security plc
b.	LEI	2138001EVYT2OI1C4Y98
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 1p each ISIN: GB00B54X0432
b.	Nature of the transaction	Purchase of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			5.75 pence	16,382,609
d.	Aggregated information - Aggregated Volume - Price	N/A - single transaction
e.	Date of the transaction	27 April 2018
f.	Place of the transaction	London Stock Exchange, XLON

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Andrew Lloyd
2	Reason for notification
a.	Position/Status	President and EVP Sales & Marketing
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Corero Network Security plc
b.	LEI	2138001EVYT2OI1C4Y98
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 1p each ISIN: GB00B54X0432
b.	Nature of the transaction	Purchase of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			5.75 pence	100,000
d.	Aggregated information - Aggregated Volume - Price	N/A - single transaction
e.	Date of the transaction	27 April 2018
f.	Place of the transaction	London Stock Exchange, XLON

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Richard Last
2	Reason for notification
a.	Position/Status	Non-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	Corero Network Security plc
b.	LEI	2138001EVYT2OI1C4Y98
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 1p each ISIN: GB00B54X0432
b.	Nature of the transaction	Purchase of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			5.75 pence	683,333
d.	Aggregated information - Aggregated Volume - Price	N/A - single transaction
e.	Date of the transaction	27 April 2018
f.	Place of the transaction	London Stock Exchange, XLON

 

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