Exercise of Options

RNS Number : 2057R

Kromek Group PLC

19 September 2017

 

19 September 2017

Kromek Group plc

("Kromek" or the "Company")

Exercise of Options

The Company notifies that, on 15 September 2017, Jerel Whittingham, a Director of the Company, exercised options over 250,000 ordinary shares of 1 pence each ("Ordinary Shares") in the capital of the Company, for an exercise price of 1.5 pence per share. Accordingly, application has been made for 250,000 new Ordinary Shares to be admitted to trading on AIM. The new Ordinary Shares will rank pari-passu with existing Ordinary Shares and it is expected that admission will occur on 25 September 2017.

Following this exercise of options, Mr Whittingham holds 364,890 Ordinary Shares, representing approximately 0.1 per cent of the Company's enlarged ordinary share capital. Following Admission, Kromek's issued share capital will comprise 260,395,618 Ordinary Shares, of which no Ordinary Shares are held in treasury. The total number of current voting rights in the Company is therefore 260,395,618 Ordinary Shares.

The above figure of 260,395,618 may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries

Kromek Group plc
Arnab Basu, CEO Derek Bulmer, CFO	[phone]
Cenkos Securities plc
Bobbie Hilliam (NOMAD) Julian Morse (Sales)	[phone]
Luther Pendragon Ltd
Harry Chathli, Claire Norbury, Alexis Gore	[phone]

Template for notification 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	Jerel Whittingham
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Kromek Group plc
b)	LEI	N/A
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 1 pence each
	Identification code	GB00BD7V5D43
b)	Nature of the transaction	Exercise of options over Ordinary Shares of 1 pence each
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			1.5 pence	250,000
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	15 September 2017
f)	Place of the transaction	Outside trading venue

About Kromek Group plc

Kromek Group plc is a UK technology Group (global HQ in County Durham) and a leading developer of high performance radiation detection products based on cadmium zinc telluride ("CZT") and other advanced technologies. Using its core technology platforms, Kromek designs, develops and produces x-ray and gamma ray imaging and radiation detection products for the medical, security screening and nuclear markets.

The Group's products provide high resolution information on material composition and structure and are used in multiple applications, ranging from the identification of cancerous tissues to hazardous materials, such as explosives, and the analysis of radioactive materials.

The Group's business model provides a vertically integrated technology offering to customers, from radiation detector materials to finished products or detectors, including software, electronics and application specific integrated circuits ("ASICs").

The Group has operations in the UK and US (California and Pennsylvania), and is selling internationally through a combination of distributors and direct OEM sales.

Currently, the Group has over one hundred full time employees across its global operations. Further information on Kromek Group is available at www.kromek.com and https://twitter.com/kromekgroup.

 

END

 

 

IOEEKLFFDKFZBBL