Grant of share options

RNS Number : 9791M

Corero Network Security PLC

27 January 2021

 

27 January 2021

Corero Network Security plc

("Corero" or the "Company")

Grant of share options

Corero Network Security plc (AIM: CNS), a leading provider of real-time, high-performance, automatic Distributed Denial of Service (DDoS) cyber defense solutions, announces options were granted on 26 January 2021 over a total of 3,545,000 new ordinary shares of 1p each in the Company to Group employees and to the Directors of the Company (the "Options") under existing share option schemes in the amounts set out below.

The Options carry an exercise price of 13.00 pence per ordinary share, which equates to the closing mid-market price of an Ordinary Share on 25 January 2021, and vest in equal proportions on the first, second and third anniversaries of the date of grant. The Options are exercisable from vesting until the tenth anniversary of grant. 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.

Director	Number of Options
Jens Montanana	350,000
Lionel Chmilewsky	500,000
Ashley Stephenson	350,000
Richard Last	350,000
Peter George	350,000

In addition to the grant of the above Options to the Directors, and the grant of 1,325,000 of the Options to other Corero persons discharging managerial responsibilities ("PDMRs") as set out below, 320,000 of the Options were granted to other Group employees.

Following the grant of Options, the Company has now granted a total of Options over 51,731,439 new Ordinary Shares, representing 10.5% of the Company's current issued ordinary share capital.

Enquiries:

Corero Network Security plc
Lionel Chmilewsky, Chief Executive Officer Neil Pritchard, Group Finance Director	Tel: [phone]
Cenkos Securities plc	Tel: [phone]
Ben Jeynes - Corporate Finance Alex Pollen - Sales
Vigo Communications	Tel: [phone]
Jeremy Garcia / Antonia Pollock [e-mail]

About Corero Network Security

Corero Network Security plc, is a global leader in real-time, high-performance, automatic DDoS cyber defense solutions. Both Service and Hosting providers, alongside digital enterprises across the globe rely on Corero's award winning cybersecurity technology to eliminate the threat of Distributed Denial of Service (DDoS) to their digital environment through automatic attack detection and mitigation, coupled with network visibility, analytics and reporting. Corero's industry leading SmartWall and SecureWatch technology provides scalable protection capabilities against external DDoS attackers and internal DDoS botnets in the most complex edge and subscriber environments, while enabling a more cost-effective economic model than previously available. Corero's key operational centers located in Marlborough, Massachusetts, USA and Edinburgh, UK, with the Company's headquarters in Amersham, UK. The Company is listed on the London Stock Exchange's AIM market under the ticker CNS.  For more information, visit   www.corero.com

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	Jens Montanana
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
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	Grant of share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	350,000
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	2 6 January 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	R ichard Last
2	Reason for the notification
a)	Position/status	Non-Executive D irector
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	Grant of share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	350,000
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	2 6 January 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	P eter George
2	Reason for the notification
a)	Position/status	Non-Executive D irector
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	Grant of share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	350,000
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	2 6 January 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	L ionel Chmilewsky
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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	Grant of share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	500,000
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	2 6 January 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ashley Stephenson
2	Reason for the notification
a)	Position/status	Chief Technology Officer
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	Grant of share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	350,000
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	2 6 January 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Neil Pritchard
2	Reason for the notification
a)	Position/status	Group Financial 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	Grant of share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	150,000
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	2 6 January 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Duncan Swallow
2	Reason for the notification
a)	Position/status	Company Secretary
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	Grant of share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	75,000
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	2 6 January 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Connolly
2	Reason for the notification
a)	Position/status	Vice President, Global Sales
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	Grant of share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	350,000
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	2 6 January 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Joao Melo
2	Reason for the notification
a)	Position/status	VP of Operations & Security Services
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	Grant of share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	400,000
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	2 6 January 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Julian Palmer
2	Reason for the notification
a)	Position/status	Executive Vice-President of Engineering
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	Grant of share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	350,000
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	2 6 January 2021
f)	Place of the transaction	Outside a trading venue

 

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