Issue of Options

RNS Number : 0180B

KRM22 PLC

05 October 2020

 

KRM22 plc

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

Issue of Options

KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, announces the issue of a total of 477,183 options ("Options") including 185,034 Options to subscribe for new ordinary shares of 10p each in the Company ("Ordinary Shares") to employees of the Group and certain Directors of the Company, including Kim Suter (CFO), Sandy Broderick (Non-Executive Director), Garry Jones (Non-Executive Director) and Steve Sparke (Non-Executive Director) under the Company's Employee Share Option Plan.

Of the total of 477,183 Options issued, Kim Suter has been issued 17,270 Options on the same terms as all other employees.  Sandy Broderick has been issued with 59,211 Options, Garry Jones has been issued with 49,342 Options and Steve Sparke has been issued with 59,211 Options on different terms as all other employees.

The Options are exercisable at 38 pence, will vest over a 30 day period for employees, vest over a three month period for the Non-Executive Directors and will expire on 1 October 2030.  The Options are not subject to any vesting conditions as the options were awarded for salary sacrifices undertaken by all employees as part of the Company's cost reduction actions.

	Existing options over Ordinary Shares	Options over Ordinary Shares	Total options over Ordinary Shares following the issue	Total options as a % of the issued share capital
Kim Suter	336,217	17,270	353,487	1.32%
Sandy Broderick	69,210	59,211	128,421	0.48%
Garry Jones	176,471	49,342	225,813	0.85%
Steve Sparke	-	59,211	59,211	0.22%

Following this announcement, there is a total of 3,706,713 Options over Ordinary Shares representing 13.87% of the current issued share capital of the Company.

For further information please contact:

KRM22 plc  [e-mail]

Keith Todd CBE, Executive Chairman and CEO

Kim Suter, CFO

finnCap Ltd (Nominated Adviser and Sole Broker)  [phone]

Carl Holmes / Kate Bannatyne / Matthew Radley

Alice Lane / Sunila de Silva (ECM)

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' regulatory, market, technology and operations 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	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) 38p 17,270
d)	Aggregated information: · Aggregated volume · Price	See 4c) above
e)	Date of the transaction	1 October 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sandy Broderick
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 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) 38p 59,211
d)	Aggregated information: · Aggregated volume · Price	See 4c) above
e)	Date of the transaction	1 October 2020
f)	Place of the transaction	Outside a trading venue

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 Director
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) 38p 49,342
d)	Aggregated information: · Aggregated volume · Price	See 4c) above
e)	Date of the transaction	1 October 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Sparke
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 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) 38p 59,211
d)	Aggregated information: · Aggregated volume · Price	See 4c) above
e)	Date of the transaction	1 October 2020
f)	Place of the transaction	Outside a trading venue

 

END

 

 

DSHGZMGGRZLGGZM