Posting of Circular and Director's Subscriptions

RNS Number : 9736J

Corero Network Security PLC

05 April 2018

 

5 April 2018

Corero Network Security plc

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

Posting of Circular and Director's Subscriptions

Corero (AIM: CNS), the listed network security company, announces that the circular to shareholders containing details of the placing and subscription announced on 5 April 2018 (the "Circular") has today been posted to shareholders.  A copy of the Circular is available on the Company's website at https://www.corero.com/investors/company-documents.

In addition, the Company confirms that Jens Montanana, Andrew Lloyd and Richard Last, each a Director of the Company, have entered into Subscription Agreements. The interests of the Directors on 4 April 2018 (being the last practicable date prior to publication of this announcement) are, and immediately following Admission will be, as follows:

Director	Number of Ordinary Shares held on 4 April 2018 (being the last practicable date prior to publication)	Number of New Ordinary Shares to be subscribed for in the Subscription	Resulting number of Ordinary Shares held immediately following Admission	Resulting holding as a percentage of the Enlarged Share Capital
Jens Montanana	138,000,000*	16,382,609**	154,382,609	40.10%
Andrew Lloyd	300,000	100,000	400,000	0.10%
Richard Last	1,316,667	683,333	2,000,000	0.52%
Total	139,616,667	17,165,942	156,782,609	40.72%

*of which 25,987,899 Ordinary Shares are held in the name of JPM International Limited, which is wholly owned by Jens Montanana, and 94,258,302 Ordinary Shares are held in the name of The New Millennium Technology Trust of which Jens Montanana is a beneficiary.

** which will be subscribed for by Jens Montanana in his personal capacity or JPM International Limited, which is wholly owned by Jens Montanana, or by The New Millennium Technology Trust of which Jens Montanana is a beneficiary.

Enquiries:

Corero Network Security plc                                                  Tel: [phone]
Andrew Miller, CFO             

Cenkos Securities plc                                                              Tel: [phone]
Mark Connelly / Bobbie Hilliam - NOMAD     
Michael Johnson - Sales   

Vigo Communications                                                            Tel: [phone]
Jeremy Garcia / Ben Simons             
[e-mail]    

 

END

 

 

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