Grant of Options

RNS Number : 2678M

Corero Network Security PLC

07 January 2019

 

7 January 2019

Corero Network Security plc

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

Grant of Options

Corero Network Security plc (AIM: CNS), the AIM listed network security company, announces that on 4 January 2019, options were granted over a total of 750,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") to Peter George ("Options"), a Non-Executive Director of the Company who was, as announced on 3 January 2019, appointed to the Corero Board.

The Options granted under the terms of the Corero Unapproved Share Option Plan, carry an exercise price of 11.25 pence per Ordinary Share, which equates to the closing mid-market price of an Ordinary Share on 3 January 2019, and vest in equal proportions on the first, second and third anniversaries of being granted. Any new 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.

Enquiries:

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

About Corero Network Security

Corero Network Security is a leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and digital enterprises rely on Corero's award winning technology to eliminate the DDoS threat to their environment through automatic attack detection and mitigation, coupled with complete network visibility, analytics and reporting. This industry leading technology provides cost effective, scalable protection capabilities against DDoS attacks in the most complex environments while enabling a more cost effective economic model than previously available. For more information, visit www.corero.com

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Peter George
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 participation, auction platform, auctioneer or auction monitor
a)	Name:	Corero Network Security plc
b)	LEI:	2138001EVYT2OI1C4Y98
4.	Details of 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: Identification code:	Ordinary Shares of 1 pence each ISIN: GB00B54X0432
b)	Nature of the transaction:	Grant of share options
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		Nil	750,000
d)	Aggregated volume: Price:	N/A - single transaction
e)	Date of the Transaction:	4 January 2019
f)	Place of the Transaction:	Outside of a trading venue

 

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