Grant of Share Options

Northamber PLC
10 January 2024
 

Northamber PLC

("Northamber" or the "Company")

 

Grant of Share Options

 

10 January 2024

 

Northamber (AIM:NAR), announces that under its Company Share Option Plan ("CSOP"), it has granted a total of 67,415 options ("CSOP Options") over ordinary shares of £0.01 each in the Company ("Ordinary Shares") to Jeremy Keefe, pursuant to his appointment as Group Managing Director on 2 January 2024.

 

The exercise price of the CSOP Options is equal to the mid-market closing price of an Ordinary Share on 9 January 2024, being 44.5 pence.

 

The CSOP Options will vest and become exercisable on the later of:

 

•       the third anniversary of the date of grant; and

·     the date on which the board of directors determines that the volume-weighted average mid-market closing price of an Ordinary Share as derived from the AIM Appendix to the Daily Official List ("VWAP") over a period of 30 dealing days, is equal to or greater than £0.90 ("VWAP Target").

 

Contacts:

 


Northamber PLC

Alex Phillips, Executive Chairman

investor_relations@northamber.com

 


Singer Capital Markets (Nominated Adviser and Sole Broker)

Tel: +44 (0) 207 496 3000

Philip Davies / Finn Gordon


 



 

 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a. 

Name

Jeremy Keefe

2. 

Reason for the notification: Grant of CSOP options

a. 

Position/status

Group Managing Director

b. 

Initial notification

/Amendment

Initial notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a. 

Name

Northamber plc

b. 

LEI

213800F4IVW7568DW226

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

Identification code

Ordinary shares of 1 pence each

 

GB00B2Q99X01

b. 

Nature of the transaction

Grant of CSOP options

c. 

Price(s) and volume(s)

Volume(s) 67,415

Price(s) 44.5p





d. 

Aggregated information

Aggregated volume

Price 

N/A - single transaction

67,415

44.5p

 

e. 

Date of the transaction

09/01/24

f. 

Place of the transaction

Off-Exchange

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Companies

Northamber (NAR)
UK 100