Exercise of Options, PDMR Dealing and TVR

Corero Network Security PLC

15 February 2024

 

15 February 2024

Corero Network Security plc (AIM: CNS)

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

Exercise of Options, PDMR Dealing and Total Voting Rights

The Company announces that it has issued and allotted 7,000,000 new ordinary shares of 1 pence each ("Ordinary Shares") following the exercise of share options.

The Shares have been issued out of the block listing of 61,856,538 ordinary shares in the Company that was admitted to the London Stock Exchange on 12 May 2022, as referenced and in accordance with an announcement dated 6 May 2022.

The Company advises that, following the issue of the 7,000,000 new ordinary shares, the Company's issued share capital will be 508,828,468 Ordinary Shares. The Company holds no shares in treasury. Therefore, the total number of voting rights in the Company is 508,828,468 which may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.

In addition, the Company announces that Richard Last, Non-Executive Director of Corero, has purchased 2,000,000 Ordinary Shares. Following this purchase, Richard Last has a total beneficial interest in 4,500,000 Ordinary Shares equivalent to 0.88% per cent. of the Company's issued share capital.

The notification below, which has been made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.

Enquiries:

Corero Network Security plc	Tel: [phone]
Carl Herberger, Chief Executive Officer Philip Richards, Chief Financial Officer
Canaccord Genuity Limited  (Nominated Adviser and Broker) Simon Bridges / Andrew Potts / Harry Rees	Tel: [phone]
Vigo Communications	Tel: [phone]
Jeremy Garcia / Kendall Hill [e-mail]

About Corero Network Security

Corero Network Security is a leading provider of Distributed Denial of Service (DDoS) protection solutions.  We are specialists in automatic detection and mitigation solutions, that include network visibility, analytics, and reporting tools. Corero's technology provides scalable protection capabilities against both external DDoS attackers and internal DDoS threats, in even the most complex edge and subscriber environments, ensuring internet service availability and uptime. Corero's key operational centers are in Marlborough, Massachusetts, USA, and Edinburgh, UK, with the Company's headquarters in London, UK. The Company is listed on the London Stock Exchange's AIM market under the ticker CNS. For more information, visit www.corero.com

Notification 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	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 Identification code	Ordinary shares of 1p each in Corero Network Security plc ISIN: GB00B54X0432
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 7.75 pence 2,000,000 shares
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	14 February 2024
f)	Place of the transaction	London Stock Exchange - AIM

 

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