Director/PDMR Shareholding

RNS Number : 3843S

Falanx Group Limited

20 December 2016

 

Falanx Group Limited

("Falanx" or "the Company")

DIRECTOR DEALINGS AND GRANT OF SHARE OPTIONS

Falanx Group (AIM:FLX), the global intelligence, security and cyber defence provider, announces that on 19^th December 2016, Stuart Bladen, Chief Executive Officer, acquired 310,000 ordinary shares of no par value ("Ordinary Shares") in the capital of the Company. Mr Bladen's resultant interest following this transaction, which was completed at a price of 7.25 pence per share, is now in 310,000 Ordinary Shares, representing 0.25 per cent of the Company's issued share capital.

Falanx also announces that on 6^th October 2016 and pursuant to the rules of the Falanx Group Long Term Incentive Plan, the Company granted options to Mr Bladen to subscribe for up to 3,000,000 Ordinary Shares ("Options") as follows:

Date from which Options are exercisable, post date of grant: 6th October 2016 ("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	1,000,000
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	1,000,000
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	1,000,000

To the extent that the relevant performance conditions are met as set out above, then the Options can be exercised at 5p per Ordinary Share. Any Options remaining unexercised on 6^th October 2019 will automatically lapse.

Following the grant of the Options to Mr Bladen, the total number of Ordinary Shares subject to options and which could, in the future, be issued to him is 3,000,000, which represents 2.4% of the current issued share capital of the Company.

Enquiries:

Falanx Group Limited Stuart Bladen, Chief Executive Officer	via Walbrook PR 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]
Walbrook PR (Media and Investor Relations) Paul Cornelius / Nick Rome	[phone] [e-mail]

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in relation to Mr Bladen's purchase of Ordinary Shares on 19^th December 2016.

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)	Names	Stuart Bladen - Chief Executive Officer
2	Reason for the notification
a)	Position/status	See 1(a) above, Stuart Bladen classified as a PDMR of the Company with effect from 17th October 2016 (the date of Mr Bladen's formal appointment as 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	Ordinary Shares of no par value
b)	Identification code	VGG3338A1075
c)	Nature of the transaction	Purchase of Ordinary Shares
d)	Price(s) and volume(s)	Volume(s): 310,000 Ordinary Shares Price: 7.25 pence per Ordinary Share
d)	Aggregated information  - Aggregated volume - Price	N/A
e)	Date of the transactions	19th December 2016
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

Name of authorised official of issuer responsible for making notification:

Mr John Blamire, Director

Company Secretary to 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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