Grant of options and PDMR dealings

RNS Number : 0566D

Osirium Technologies PLC

05 October 2018

 

Osirium Technologies plc

("Osirium" or "Group")

Grant of options and PDMR dealings

TVR

Osirium, a leading vendor of cloud-based cybersecurity software, announces that the Group has granted share options of up to 38,978 ordinary shares of 1 pence each (the "Options") in the capital of the Company ("Ordinary Shares") pursuant to the Osirium Technologies plc Enterprise Management Incentive Share Option Plan 2016 to Rupert Hutton, Chief Financial Officer of the Group. 

The Options were granted at an exercise price of 187.2 pence per Ordinary Share, as determined by the Board in accordance with the Rules of the Share Option Scheme. The Options are exercisable on the achievement of certain revenue targets and, once vested, must be exercised within 10 years of the date of grant.

The grant of 38,978 Options equates to approximately 0.3% of the Group's issued share capital. In total 1,810,852 Options are now under grant but not exercised. Since IPO options equating to 1.53% of the existing share capital have been issued which, when taken with the options that were already in existence pre-IPO, means that a total of 13.41% of the group's current issued share capital is under option. Rupert Hutton holds 77,956 Options in aggregate, representing a total of approximately 0.6% of the Group's current issued share capital.

Total voting rights

Osirium also announces that the issued share capital of the Company consists of 13,554,221 ordinary shares of 1p (the "Ordinary Shares") each with voting rights. The Company does not hold any ordinary shares in Treasury.

The total number of voting rights in the Company at the date of this notice is therefore 13,554,221.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Osirium Technologies plc under the FCA's Disclosure and Transparency Rules.

For further information:

Osirium Technologies plc	Tel: [phone]
David Guyatt, Chief Executive Officer Rupert Hutton, Chief Financial Officer www.osirium.com
Stifel Nicolaus Europe Limited	Tel: [phone]
(Nominated Adviser and Broker)
Fred Walsh  Neil Shah  Alex Price
Yellow Jersey PR
(Financial PR)
Sarah Hollins Abena Affum	Tel: [phone] Tel: [phone]

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	Rupert George Hutton
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	Osirium Technologies plc
b)	LEI	213800CTPGYQ4POIC338
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
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)	Execution price: 182.7 GBp per shares  Number of shares under option: 38,978 Ordinary Shares
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	4 October 2018
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

 

END

 

 

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