Director/PDMR Shareholding

RNS Number : 8113W

Corero Network Security PLC

13 December 2019

 

13 December 2019

Corero Network Security plc

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

Director/PDMR Shareholding

Further to the announcements made on 25 November 2019, the Result of General Meeting announcement released on 12 December 2019 and Admission of the New Ordinary Shares to AIM becoming effective this morning, the Company makes the following disclosures in respect of the participation in the Subscription by certain of the Directors of the Company.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

Director	Number of Ordinary Shares held on 22 November 2019	Number of New Ordinary Shares  subscribed for in the Subscription	Resulting number of Ordinary Shares held immediately following Admission	Resulting holding as a percentage of the Enlarged Share Capital
Jens Montanana	154,382,609	32,917,797 (1)	187,300,406 (2)	37.85%
Richard Last	2,000,000	500,000	2,500,000	0.51%

(1) 10,000,000 New Ordinary Shares subscribed for by Jens Montanana in his personal capacity and 22,917,797 New Ordinary Shares were subscribed for by The New Millennium Technology Trust of which Jens Montanana is a beneficiary.

(2) 33,674,846 Ordinary Shares are held in the name of JPM International Limited, which is wholly owned by Jens Montanana, 125,871,751 Ordinary Shares are held in the name of The New Millennium Technology Trust of which Jens Montanana is a beneficiary and 27,753,809 are held on his own account.

Defined terms used in this announcement not otherwise defined shall have the same meanings as those terms defined and used in the Circular dated 25 November 2019.

Enquiries:

Corero Network Security plc
Andrew Miller, CFO	Tel: [phone]
Cenkos Securities plc	Tel: [phone]
Ben Jeynes/Mark Connelly - NOMAD Michael Johnson - Sales
Vigo Communications	Tel: [phone]
Jeremy Garcia / Ben Simons / Antonia Pollock [e-mail]

NOTIFICATIONS AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.    Jens Montanana 2.    The New Millennium Technology Trust
2	Reason for the notification
a)	Position/status	1.    Chairman 2.    Person closely associated with Jens Montanana
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	Ordinary shares of 1 pence each
	Identification code	GB00B54X0432
b)	Nature of the transaction	Subscription for new ordinary shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			1.    3.50p 2.    3.50p	1.    10,000,000 2.    22,917,797
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	13 December 2019
f)	Place of the transaction	Outside a trading venue
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Last
2	Reason for the 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	Ordinary shares of 1 pence each
	Identification code	GB00B54X0432
b)	Nature of the transaction	Subscription for new ordinary shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			3.50p	500,000
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	13 December 2019
f)	Place of the transaction	Outside a trading venue

 

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