Grant of Options and Director/PDMR Shareholding

KRM22 PLC

22 August 2024

 

KRM22 plc

("KRM22", the "Group" or the "Company")

Grant of Options

Director / PDMR Shareholding

KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, announces the grant of a total of 925,000 options to subscribe for ordinary shares of 10p each (the "Options") as part of the Company's Employee Share Option Plan including 650,000 Options to certain Directors of the Company, being Garry Jones, (Non-Executive Chairman), Dan Carter (CEO) and Kim Suter (CFO).

Of the total of 925,000 Options granted, Dan Carter has been awarded 250,000 Options and Kim Suter has been awarded 200,000 Options on the same terms as all other employees.  Garry Jones has been awarded 200,000 Options on different terms in accordance with the terms of his agreement entered into when he assumed the role as Non-Executive Chairman of the Company.

In the past twelve months, a total of 1,008,286 share options have lapsed due to share performance conditions associated with previously awarded share options not being achieved for employees who continue to be employed within the Group, together with share options automatically being forfeited when employees have ceased to be employed within the Group.

The Options awarded have an exercise price of 40 pence per share and will lapse, to the extent not exercised, on 21 August 2034.  The Options awarded to employees, including Dan Carter and Kim Suter, vest at the end of a three year period from the date of grant being 21 August 2024, subject to continued employment, whilst the Options awarded to Garry Jones vest in two tranches of 50% on 7 March 2025 and 50% on 7 March 2026, this being the first and second anniversary respectively of his appointment as Non-Executive Chairman of the Company. 

	Current shareholding	Existing Options over Ordinary Shares	Award of Options over Ordinary Shares	Total Options over Ordinary Shares following the grant	Total Options as a % of the issued share capital
Garry Jones	276,471	49,342	200,000	249,342	0.69%
Dan Carter	6,757	182,997	250,000	432,997	1.39%
Kim Suter	31,494	371,466	200,000	571,466	1.78%

Following this announcement, there is a total of 4,464,237 Options over Ordinary Shares representing 12.44% of the current issued share capital of the Company.

Of the total 4,464,237 Options outstanding, 2,443,237 were awarded during COVID as part of a cost saving and salary sacrifice exercise.

The Company currently has 35,899,981 Ordinary Shares in issue.

For further information please contact:

KRM22 plc                                                                                          Garry Jones, Chairman Dan Carter, CEO Kim Suter, CFO	[e-mail]
Cavendish Capital Markets Limited (Nominated Adviser and Sole Broker)                        Carl Holmes / Rory Sale (Corporate Finance) Sunila de Silva (ECM)	[phone]

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018.  The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.

Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management.  The Global Risk Platform provides applications to help address firms' trading and corporate risk challenges and to manage their entire enterprise risk profile.

Capital markets companies' partner with KRM22 to optimise risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.

KRM22 plc is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.

See more about KRM22 at KRM22.com

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Garry Jones
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	KRM22 Plc
b)	LEI	213800IBCSBLSLJ9OD78
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	Options over ordinary Shares of 10 pence each
	Identification code	GB00BFM6WC61
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	Price(s) Volume(s) 40p 200,000
d)	Aggregated information: ·      Aggregated volume ·      Price	See 4c) above
e)	Date of the transaction	21 August 2024
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dan Carter
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	KRM22 Plc
b)	LEI	213800IBCSBLSLJ9OD78
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	Options over ordinary Shares of 10 pence each
	Identification code	GB00BFM6WC61
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	Price(s) Volume(s) 40p 250,000
d)	Aggregated information: ·      Aggregated volume ·      Price	See 4c) above
e)	Date of the transaction	21 August 2024
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kim Suter
2.	Reason for the Notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	KRM22 Plc
b)	LEI	213800IBCSBLSLJ9OD78
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	Options over ordinary Shares of 10 pence each
	Identification code	GB00BFM6WC61
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	Price(s) Volume(s) 40p 200,000
d)	Aggregated information: ·      Aggregated volume ·      Price	See 4c) above
e)	Date of the transaction	21 August 2024
f)	Place of the transaction	Outside a trading venue

 

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