Grant of Options

RNS Number : 9218Z

Corero Network Security PLC

23 March 2012

 



23 March 2012

Corero Network Security plc

("Corero" or the "Company")

Grant of Options

Corero Network Security plc (AIM: CNS), the network security and business software provider, confirms the following awards under the Company's Unapproved Option Scheme:

	Options granted	Total number of shares over which options have been granted
Jens Montanana Richard Last Andrew Miller	30,000 20,000 80,000	195,000 20,000 556,000

The options have an exercise price of 54.5p and vest one-third on 21 March 2013, one-third on 21 March 2014 and one-third on 21 March 2015.  Should these options be exercised, the ordinary shares with a nominal value of 1p each issued thereunder may not be sold or otherwise transferred until 21 March 2014.  There are no performance conditions associated to the vesting or exercise of these options.

Enquiries:

Corero Network Security plc
Andrew Miller, Chief Operating Officer	Tel: [phone]
finnCap
Sarah Wharry / Henrik Persson	Tel: [phone]
Stephen Norcross (Corp Broking)
Walbrook PR	Tel: [phone]
Fiona Henson (Media Relations)	Mob: [phone] or [e-mail]
Paul Cornelius (Investor Relations)	Mob: [phone] or [e-mail]

About Corero Network Security plc

Corero Network Security plc consists of two businesses: Corero Network Security and Corero Business Systems.

Corero Network Security is an international network security company and the leading provider of Distributed Denial of Service (DDoS) defence and Intrusion Prevention System (IPS) solutions. Corero's products and services provide comprehensive, integrated, high-performance protection against constantly evolving network-borne cyber threats. Customers include enterprises, service providers and government organisations worldwide. Corero's appliance-based solutions are highly adaptive and preemptively respond to modern cyber attacks, known and unknown, protecting critical information and online assets. Corero's products have superior performance, are highly scalable, and feature the lowest latency and best reliability in the industry.

Corero Business Systems is a leading provider of powerful and dynamic modular accounting, human resources, payroll and management information software to the schools (including academies) and further education sectors in the UK and internationally.  

 

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