Director/PDMR Shareholding

RNS Number : 6713J

Osirium Technologies PLC

13 September 2016

 

Osirium Technologies plc

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

Grant of Options and PDMR Dealings

The Board of Osirium,  a UK based cyber-security software provider, announces that, on 12 September 2016, the Company granted options ("Options") over a total of 584,673 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") pursuant to the Osirium Technologies plc Enterprise Management Incentive (EMI) Share Option Plan 2016 ("Share Option Scheme"). This included the grant of Options to Directors and certain other Persons Discharging Managerial Responsibilities ("PDMRs") on behalf of the Company as follows:

Director	Role	Number of Options granted over Ordinary Shares	Total number of Options granted over Ordinary Shares
David Guyatt	Chief Executive Officer	51,971	638,387
Rupert Hutton	Chief Financial Officer	38,978	38,978
Steve Purdham	Non-Executive Director	25,985	25,985
PDMR	Role	Number of Options granted over Ordinary Shares	Total number of Options granted over Ordinary Shares
Catherine Jamieson	Chief Operating Officer	103,943	103,943
Andrew Harris	Chief Marketing Officer and Head of Engineering	103,943	103,943
Kevin Pearce	Chief Technical Officer	25,985	235,139

The balance of the Options (in respect of 233,868 Ordinary Shares) have been granted to certain of the Company's other employees.

All Options are conditional on the Group's consolidated revenue for the financial year ending 31 December 2019 being no less than £12,000,000. 51,970 of these Options, which have been granted to members of the Company's sales team, will also only vest subject to achievement of additional individual and team performance-related criteria to be set year on year for each of the financial years ending 31 December 2017, 31 December 2018 and 31 December 2019.

In each case, the Options are exercisable at 190 pence per Ordinary Share, as determined by the Board in accordance with the Rules of the Share Option Scheme, representing a 21.8 per cent. premium to the placing price of the Company's ordinary share capital at admission to AIM and no less than the average closing mid-price per Ordinary Share for the three days immediately preceding the date of Option grant.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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)	Names	David Guyatt - Chief Executive Officer Rupert Hutton - Chief Financial Officer Steve Purdham - Non-Executive Director Catherine Jamieson - Chief Operating Officer Andrew Harris - Chief Marketing Officer and Head of Engineering Kevin Pearce - Chief Technical Officer
2	Reason for the notification
a)	Position/status	See 1(a) above for positions - all classified as PDMRs of Osirium
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Osirium Technologies plc
b)	LEI
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	In each case, the grant of Options on 12 September 2016 over Ordinary Shares
b)	Identification code	GB00BZ58DH10
c)	Nature of the transaction	Grant of Options over Ordinary Shares pursuant to the Osirium Technologies plc Enterprise Management Incentive (EMI) Share Option Plan 2016
d)	Price(s) and volume(s)	Price - n/a Volume(s) David Guyatt - 51,971 Options Rupert Hutton - 38,978 Options Steve Purdham - 25,985 Options Catherine Jamieson - 103,943 Options Andrew Harris - 103,943 Options Kevin Harris - 25,985 Options
d)	Aggregated information  - Aggregated volume - Price	N/a
e)	Date of the transaction	12 September 2016
f)	Place of the transaction	Outside a trading venue

Name of authorised official of issuer responsible for making notification.

Martin Kay

Company Secretary to Osirium Technologies plc

For further information:

Osirium Technologies plc	Tel: [phone]
David Guyatt, Chief Executive Officer Rupert Hutton, Chief Financial Officer www.osirium.com
Panmure Gordon (UK) Limited (Nominated Adviser and Broker)	Tel: [phone]
Fred Walsh / Peter Steel / James Greenwood/ William Wickham - Corporate Finance Charles Leigh-Pemberton - Corporate Broking
Hollins Communications (Financial PR) Sarah Hollins	Tel: [phone]

 

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