Holdings in Company

RNS Number : 7129Z

Corero Network Security PLC

15 December 2014

 

15 December 2014

Corero Network Security plc

("Corero" or the "Company")

Holdings in Company

Corero Network Security plc (AIM: CNS), a leading provider of security solutions for defending against DDoS (Distributed Denial of Service) attacks and cyber threats, has been notified of the below holdings in shares of 1p each in the capital of the Company ("Ordinary Shares"), following the fund raise described in the Company's announcement of 20 November 2014 and as approved at the Company's General Meeting held on 8 December 2014:

			Resulting shareholding
	No. of Ordinary Shares acquired		No. of Ordinary Shares	% interest
Richard John Koch	11,000,000		12,050,000	10.42%
Sabvest Capital Holdings Limited	2,700,000		8,200,000	7.09%
Peter Kennedy Gain	2,333,333		5,633,333	4.87%

Richard John Koch is an early-stage investor in venture capital and small-cap stocks.  His previous investments have included Filofax, Belgo, Plymouth Gin, and Betfair.  He was co-founder of LEK Consulting and before that a partner of Bain & Company and a consultant with The Boston Consulting Group. 

BlackRock, Inc. have notified the Company that following the fund raise, their interest in the Ordinary Shares is now below 5%.

 Enquiries:

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

About Corero Network Security

Corero Network Security, an organization's First Line of Defense® against DDoS (Distributed Denial of Service) attacks and cyber threats, is a pioneer in global network security. Corero products and services provide online enterprises, service providers, hosting providers, and Managed Security Service Providers with an additional layer of security capable of inspecting Internet traffic and enforcing real-time access and monitoring policies designed to match the needs of the protected business. Corero technology enhances any defense-in-depth 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. For more information, visit www.corero.com.  

 

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