Board changes and issue of share options

RNS Number : 6926R

Newmark Security PLC

31 October 2019

 

31 October 2019

Newmark Security plc

("Newmark" or the "Company")

Board changes and issue of share options

Newmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, announces that, further to the notification on 9 September 2019, Graham Feltham has been appointed to the Board of Newmark as Group Finance Director with immediate effect. Brian Beecraft retires and steps down from the Board of Newmark, also with immediate effect.

Grant of options

Options over 5,900,000 ordinary shares of 1p each in the Company ("Ordinary Shares") have been granted to Graham Feltham under the Newmark Security plc 2019 EMI Share Option Plan. The options are exercisable at 1.7p per option. They vest on the third anniversary of the date of the grant, subject to meeting certain performance related vesting criteria.  They lapse on the tenth anniversary of the date of grant.

The following information is disclosed pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies.

Graham Mark Thomas Feltham, aged 46, does not currently hold and has not held in the past five years any directorships.

Marie-Claire Dwek, CEO of Newmark, commented: "We are pleased to welcome Graham to the Board of the Company, following his handover period with Brian Beecraft.  We wish Brian well in his retirement and thank him for his contribution during his time with the Company."

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)	Name	Graham Feltham
2	Reason for the notification
a)	Position/status	Group Finance Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Newmark Security plc
b)	LEI	213800CL2XGDB1YCLM67
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	Options over ordinary shares of 1p each in Newmark Security plc Identification code (ISIN) for Newmark Security plc ordinary shares: GB0006596406
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.7p exercise price 5,900,000
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) n/a n/a
e)	Date of the transaction	30 October 2019
f)	Place of the transaction	Outside a trading venue - grant of options

For further information:

Newmark Security plc
Marie-Claire Dwek, Chief Executive Officer Graham Feltham, Group Finance Director	Tel: [phone] www.newmarksecurity.com
Allenby Capital Limited (Nominated Adviser and Broker)	Tel: [phone]
James Reeve / Liz Kirchner

 

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