Grant of Options

RNS Number : 3364L

Corero Network Security PLC

27 April 2015

 

27 April 2015

Corero Network Security plc

("Corero", the "Company")

Grant of Options

Corero Network Security plc (AIM: CNS), the AIM listed network security company, announces that on 24 April 2015, options were granted over new ordinary shares to directors ("Options" and "Ordinary Shares") as set out below.

		Options granted	Relevant Option scheme	Subsequent number of Options held
Ashley Stephenson	Chief Executive Officer	200,000	Unapproved	2,500,000
Andrew Miller	Chief Financial Officer	300,000	Unapproved	1,996,000
"Unapproved" = Corero Unapproved Share Option Plan

The Options carry an exercise price of 15p and vest in equal proportions on the first, second and third anniversaries of being granted. Any Ordinary Shares issued pursuant to the exercise of the Options may not be sold or otherwise transferred until the second anniversary of the date of being granted. There are no performance conditions associated to the vesting or exercise of the Options.

Enquiries:

Corero Network Security plc
Andrew Miller, CFO and Chief Operating Officer		Tel: [phone]
FinnCap
Stuart Andrews (corporate finance)		Tel: [phone]
Stephen Norcross (corporate broking)
Redleaf Polhill		Tel: [phone]
Rebecca Sanders-Hewett/David Ison/Susie Hudson		[e-mail]

About Corero Network Security

Corero Network Security, an organization's First Line of Defense^® against Distributed Denial of Service (DDoS) attacks and cyber threats, provide enterprises and service providers with an additional layer of security capable of inspecting and analyzing Internet traffic and mitigating attacks. Corero products and services enhance existing security architecture with a scalable, flexible and responsive defence against DDoS attacks and cyber threats before they reach the targeted IT infrastructure, allowing online services to perform as intended. The latest addition to Corero First Line of Defense® product family includes the Corero SmartWall® Threat Defense System (TDS) allowing for modular, highly scalable network visibility and DDoS defence for the Large Enterprise, Datacentre and Hosting Provider, as well as the Internet Service Provider.

For more information about how Corero solutions are protecting over 500 businesses across the globe, visit www.corero.com.

 

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