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	[e-mail]
Singer Capital Markets (Nominated Adviser and Sole Broker)	Tel: [phone]
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

 

END