Director/PDMR Shareholding

RNS Number : 0266V

Falanx Group Limited

25 January 2017

 

Falanx Group Limited

("Falanx" or "the Company")

GRANT OF SHARE OPTIONS

Falanx Group (AIM:FLX), the global intelligence, security and cyber defence provider, announces that on 24^th January 2017 and pursuant to the rules of the Falanx Group Long Term Incentive Plan, the Company granted options to certain members of its senior management team ("Recipient") to subscribe for, in aggregate, up to 3,100,000 Ordinary Shares ("Options") as follows:

Recipient	Position	No. of Ordinary Shares over which the Options can be exercised
Mr Stuart Bladen	Chief Executive Officer	1,250,000
Ms Emma Shaw	Non-Executive Director	750,000
Mr John Blamire	Director	500,000
Mr Jay Abbott	Managing Director, Cyber Defence	500,000
Ms Efua Forson	Group Financial Controller	100,000

Further details on the criteria for the exercise of the Options by each Recipient are set out below:

Date from which Options are exercisable, post date of Grant: 24th January 2017 ("Date of Grant")	Percentage of Options awarded to each Recipient that can be exercised
Earlier of 12 months from the Date of Grant and date at which the share price of the Company has consistently  been at 6p or above for 6 months	33.3%
Earlier of 24 months from the Date of Grant and date at which the Share Price of the Company has consistently been at 12p or above for 6 months	33.3%
Earlier of 36 months from the Date of Grant and date at which the Share Price of the Company has consistently  been at 20p or above for 6 months	33.4%

To the extent that the relevant performance conditions are met as set out above, then the Options can be exercised at 5.875p per Ordinary Share. Any Options remaining unexercised on 24^th January 2020 will automatically lapse.

Enquiries:

Falanx Group Limited Stuart Bladen, Chief Executive Officer	www.falanxgroup.com www.falanxassuria.com www.falanxcyberdefence.com
Panmure Gordon (UK) Limited Nominated Adviser & Joint Broker Andrew Godber / Peter Steel	[phone]
Whitman Howard Limited Joint Broker Nick Lovering / Francis North	[phone]

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 ("PDMRs") and persons closely associated ("PCA") with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stuart Bladen
2	Reason for 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	Falanx Group Limited
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 Identification code	Ordinary Shares of no par value VGG3338A1075
b)	Nature of the transaction	Grant of options by the Company under the Falanx Group Long Term Incentive Plan.  Subject to performances conditions and vesting dates as follows: Date from which Options are exercisable, post date of Grant: 24th January 2017 ("Date of Grant") No. of Ordinary Shares over which the Options can be exercised Earlier of 12 months from the Date of Grant and date at which the share price of the Company has consistently  been at 6p or above for 6 months 412,500 Earlier of 24 months from the Date of Grant and date at which the Share Price of the Company has consistently  been at 12p or above for 6 months 412,500 Earlier of 36 months from the Date of Grant and date at which the Share Price of the Company has consistently  been at 20p or above for 6 months 425,000 To the extent that the relevant performance conditions are met as set out above, then the Options can be exercised at 5.875p per Ordinary Share. Any Options remaining unexercised on 24th January 2020 will automatically lapse.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 1,250,000
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	24th January 2017
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Emma Shaw
2	Reason for 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	Falanx Group Limited
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 Identification code	Ordinary Shares of no par value VGG3338A1075
b)	Nature of the transaction	Grant of options by the Company under the Falanx Group Long Term Incentive Plan.  Subject to performances conditions and vesting dates as follows: Date from which Options are exercisable, post date of Grant: 24th January 2017 ("Date of Grant") No. of Ordinary Shares over which the Options can be exercised Earlier of 12 months from the Date of Grant and date at which the share price of the Company has consistently  been at 6p or above for 6 months 247,500 Earlier of 24 months from the Date of Grant and date at which the Share Price of the Company has consistently  been at 12p or above for 6 months 247,500 Earlier of 36 months from the Date of Grant and date at which the Share Price of the Company has consistently  been at 20p or above for 6 months 255,000 To the extent that the relevant performance conditions are met as set out above, then the Options can be exercised at 5.875p per Ordinary Share. Any Options remaining unexercised on 24th January 2020 will automatically lapse.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 750,000
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	24th January 2017
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Blamire
2	Reason for Notification
a)	Position/status	Director
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falanx Group Limited
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 Identification code	Ordinary Shares of no par value VGG3338A1075
b)	Nature of the transaction	Grant of options by the Company under the Falanx Group Long Term Incentive Plan.  Subject to performances conditions and vesting dates as follows: Date from which Options are exercisable, post date of Grant: 24th January 2017 ("Date of Grant") No. of Ordinary Shares over which the Options can be exercised Earlier of 12 months from the Date of Grant and date at which the share price of the Company has consistently  been at 6p or above for 6 months 165,000 Earlier of 24 months from the Date of Grant and date at which the Share Price of the Company has consistently  been at 12p or above for 6 months 165,000 Earlier of 36 months from the Date of Grant and date at which the Share Price of the Company has consistently  been at 20p or above for 6 months 170,000 To the extent that the relevant performance conditions are met as set out above, then the Options can be exercised at 5.875p per Ordinary Share. Any Options remaining unexercised on 24th January 2020 will automatically lapse.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 500,000
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	24th January 2017
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jay Abbott
2	Reason for Notification
a)	Position/status	Managing Director, Cyber Defence
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falanx Group Limited
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 Identification code	Ordinary Shares of no par value VGG3338A1075
b)	Nature of the transaction	Grant of options by the Company under the Falanx Group Long Term Incentive Plan.  Subject to performances conditions and vesting dates as follows: Date from which Options are exercisable, post date of Grant: 24th January 2017 ("Date of Grant") No. of Ordinary Shares over which the Options can be exercised Earlier of 12 months from the Date of Grant and date at which the share price of the Company has consistently  been at 6p or above for 6 months 165,000 Earlier of 24 months from the Date of Grant and date at which the Share Price of the Company has consistently  been at 12p or above for 6 months 165,000 Earlier of 36 months from the Date of Grant and date at which the Share Price of the Company has consistently  been at 20p or above for 6 months 170,000 To the extent that the relevant performance conditions are met as set out above, then the Options can be exercised at 5.875p per Ordinary Share. Any Options remaining unexercised on 24th January 2020 will automatically lapse.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 500,000
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	24th January 2017
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Efua Forson
2	Reason for Notification
a)	Position/status	Group Financial Controller
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falanx Group Limited
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 Identification code	Ordinary Shares of no par value VGG3338A1075
b)	Nature of the transaction	Grant of options by the Company under the Falanx Group Long Term Incentive Plan.  Subject to performances conditions and vesting dates as follows: Date from which Options are exercisable, post date of Grant: 24th January 2017 ("Date of Grant") No. of Ordinary Shares over which the Options can be exercised Earlier of 12 months from the Date of Grant and date at which the share price of the Company has consistently  been at 6p or above for 6 months 33,000 Earlier of 24 months from the Date of Grant and date at which the Share Price of the Company has consistently  been at 12p or above for 6 months 33,000 Earlier of 36 months from the Date of Grant and date at which the Share Price of the Company has consistently  been at 20p or above for 6 months 34,000 To the extent that the relevant performance conditions are met as set out above, then the Options can be exercised at 5.875p per Ordinary Share. Any Options remaining unexercised on 24th January 2020 will automatically lapse.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 100,000
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	24th January 2017
f)	Place of the transaction	Outside a trading venue

Name of authorised official of issuer responsible for making notification:

Mr Mike Read, Chairman, Falanx Group Limited

About Falanx

Falanx Group Limited, is a global intelligence and cyber defence provider working with blue chip and government clients. The Group listed on AIM in June 2013 under ticker FLX For more information: http://www.falanxgroup.com/.

 

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