Grant of Options

RNS Number : 5254H

Osirium Technologies PLC

04 December 2020

 

4 December 2020

Osirium Technologies plc

("Osirium" or "Company")

Grant of Options

Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity software, announces that the Group has granted share options of up to 1,866,125 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 (EMI) Share Option Plan 2020 - 2025 (the "2020 Scheme") to a number of employees and PDMRs.

The following Options have been granted under the 2020 Scheme to the Company's directors and their closely associated persons ("PCAs") to give a total, when aggregated with options granted to the Company's employees and staff, of 1,866,125 Options granted under the 2020 Scheme:

Director/PCA	No. of Options granted under the 2020 Scheme
David Guyatt	475,000
Rupert Hutton	147,250
Stephen Purdham	26,125
Simon Hember	26,125
Simon Lee	26,125
Catherine Jamieson *	180,000
* Catherine Jamieson is an employee of Osirium and the spouse of David Guyatt

These Options have been granted at an exercise price of 35p per share, being the higher of the minimum exercise price for all options granted under the 2020 Scheme and the 30-day volume weighted average price of the Company's shares at the date of grant, and will only be exercisable after 2 years from the date of grant (unless an earlier event occurs to cause them to become exercisable under the Rules of the 2020 Scheme).  The Options will vest on the following basis by reference to increases in the Company's share price performance over the Company's share price at grant (determined by reference to a 30-day volume weighted average):

§ 25% vesting on grant

§ 25% vesting at a 50% share price increase to the initial share price at grant

§ 25% vesting at a 100% share price increase to the initial share price at grant

§ 25% vesting at a 150% share price increase to the initial share price at grant

All options granted to the Company's Directors (and their PCAs), staff and employees under the Company's Enterprise Management Incentive Share Option Plan 2016 (the "2016 Scheme") adopted at the time of the Company's AIM IPO in April 2016 have been surrendered   (but excluding their roll-over options granted at the time of the Company's admission to AIM).

The resultant holdings of options by Osirium Directors and their PCAs are set out below:

Director/PCA	No. of options previously held under the 2016 Scheme surrendered	No. of roll-over options outstanding under the 2016 Scheme	No. of Options granted under the 2020 Scheme	Total number of outstanding options under the 2016 Scheme and the 2020 Scheme held as at today's date
David Guyatt	51,971	586,416	475,000	1,061,416
Rupert Hutton	77,956	-	147,250	147,250
Stephen Purdham	25,985	-	26,125	26,125
Simon Hember	25,985	-	26,125	26,125
Simon Lee	Nil	120,000	26,125	146,125
Catherine Jamieson *	103,943	-	180,000	180,000
* Catherine Jamieson is an employee of Osirium and the spouse of David Guyatt

  As a result of this grant, the total number of options issued, excluding roll-over options granted at the time of the Company's admission to AIM, is 1,866,125, equivalent to 9.57 per cent. of the current issued share capital of the Company.

The FCA notifications in respect of the above cancellation and grant of options over Ordinary Shares, made in accordance with the requirements of the EU Market Abuse Regulation, are appended below.

The information communicated in this announcement includes inside information for the purposes of Article 7 Regulation 596/2014.

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 (Nominated Adviser and Broker)	Tel: [phone]
Fred Walsh Richard Short
Alma PR (Financial PR) Josh Royston / David Ison / Harriett Jackson	Tel: [phone]

Notes to Editors:

About Osirium

Osirium Technologies plc (AIM: OSI) operates in one of the fastest growing parts of the cybersecurity market and is a leading vendor of Privileged Access Security solutions. Osirium's cloud-based products protect critical IT assets, infrastructure and devices by preventing targeted cyber-attacks from directly accessing Privileged Accounts, removing unnecessary access and powers of Privileged Account users, deterring legitimate Privileged Account users from abusing their roles and containing the effects of a breach if one does happen.

Osirium has defined and delivered what the Directors view as the next generation Privileged Access Management solution. Osirium's award-winning Privileged Task Management module further strengthens Privileged Account Security by minimising the cyber-attack surface and delivering an impressive return on investment benefits for customers. Building on Osirium's Privileged Task Management module, in May 2019 Osirium launched Privileged Process Automation, providing a highly-flexible platform for automating essential IT processes to set a new benchmark in IT Process Automation. This was followed by the launch of Privileged Endpoint Manager in December 2019, bringing the total portfolio to three complementary solutions.

Founded in 2008 and with its headquarters in Reading, UK, the Group was admitted to AIM in April 2016.  For further information please visit www.osirium.com

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
2	Reason for the notification
a)	Position/status	Chief Executive 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 of 1p
b)	Identification code	GB00BZ58DH10
c)	Nature of the transaction	Grant of Options over Ordinary Shares of 1p pursuant to the Osirium Technologies plc Enterprise Management Incentive (EMI) Share Option Plan 2020 - 2025
d)	Price(s) and volume(s)	Execution price: 35 GBp per share Number of shares under option: 475,000 Ordinary Shares of 1p each
d)	Aggregated information - Aggregated volume - Price	1,061,416 options over Ordinary Shares of 1p each detailed as below: 410,100 options at 58.3p exercise price per share 176,316 options at 41.7p exercise price per share 475,000 options at 35.0p exercise price per share
e)	Date of the transaction	4 December 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Rupert 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 of 1p
b)	Identification code	GB00BZ58DH10
c)	Nature of the transaction	Grant of Options over Ordinary Shares of 1p pursuant to the Osirium Technologies plc Enterprise Management Incentive (EMI) Share Option Plan 2016
d)	Price(s) and volume(s)	Execution price: 35 GBp per share  Number of shares under option: 147,250 Ordinary Shares of 1p each
d)	Aggregated information - Aggregated volume - Price	147,250 options over Ordinary Shares of 1p each 35p exercise price per share
e)	Date of the transaction	4 December 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Stephen Purdham
2	Reason for the notification
a)	Position/status	Non-Executive Director
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 of 1p
b)	Identification code	GB00BZ58DH10
c)	Nature of the transaction	Grant of Options over Ordinary Shares of 1p  pursuant to the Osirium Technologies plc Enterprise Management Incentive (EMI) Share Option Plan 2020 - 2025
d)	Price(s) and volume(s)	Execution price: 35 GBp per share  Number of shares under option: 26,125 Ordinary Shares of 1p each
d)	Aggregated information - Aggregated volume - Price	26,125 options over Ordinary Shares of 1p each 35p exercise price per share
e)	Date of the transaction	4 December 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Simon Hember
2	Reason for the notification
a)	Position/status	Non-Executive Director
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 of 1p
b)	Identification code	GB00BZ58DH10
c)	Nature of the transaction	Grant of Options over Ordinary Shares of 1p  pursuant to the Osirium Technologies plc Enterprise Management Incentive (EMI) Share Option Plan 2020 - 2025
d)	Price(s) and volume(s)	Execution price: 35 GBp per share Number of shares under option: 26,125 Ordinary Shares of 1p each
d)	Aggregated information - Aggregated volume - Price	26,125 options over Ordinary Shares of 1p each 35p exercise price per share
e)	Date of the transaction	4 December 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Simon Lee
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
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 of 1p
b)	Identification code	GB00BZ58DH10
c)	Nature of the transaction	Grant of Options over Ordinary Shares of 1p pursuant to the Osirium Technologies plc Enterprise Management Incentive (EMI) Share Option Plan 2020 - 2025
d)	Price(s) and volume(s)	Execution price: 35 GBp per share Number of shares under option: 26,125 Ordinary Shares of 1p each
d)	Aggregated information - Aggregated volume - Price	146,125 options over Ordinary Shares of 1p each detailed below: 120,000 options at 58.3p exercise price per share 26,125 options at 35.0p exercise price per share
e)	Date of the transaction	4 December 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Catherine Jamieson
2	Reason for the notification
a)	Position/status	Sales and Operations Director (David Guyatt related party)
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 of 1p
b)	Identification code	GB00BZ58DH10
c)	Nature of the transaction	Grant of Options over Ordinary Shares of 1p  pursuant to the Osirium Technologies plc Enterprise Management Incentive (EMI) Share Option Plan 2020 - 2025
d)	Price(s) and volume(s)	Execution price: 35 GBp per share Number of shares under option: 180,000 Ordinary Shares
d)	Aggregated information - Aggregated volume - Price	180,000 options over Ordinary Shares of 1p each 35p exercise price per share
e)	Date of the transaction	4 December 2020
f)	Place of the transaction	Outside a trading venue

 

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