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ClearStar,Inc. (CLSU)

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Tuesday 03 July, 2018

ClearStar,Inc.

Grant and Reissue of Options

RNS Number : 3411T
ClearStar,Inc.
03 July 2018
 

3 July 2018

 

ClearStar, Inc.

("ClearStar" or the "Company")

 

Grant and Reissue of Options

 

ClearStar (AIM: CLSU), the technology and service provider to the background check industry, announces that, after market close on 2 July 2018 (the "Grant Date"), it cancelled and reissued 1,293,000 options ("Reissued Options") over new ordinary shares of US$0.0001 each in the Company ("Ordinary Shares") to certain employees, including persons discharging managerial responsibilities ("PDMRs") and an Executive Director, of the Company under the ClearStar Share Option Incentive scheme. In addition, on the same date, the Company granted 544,600 options ("New Options") over Ordinary Shares to certain employees, including PDMRs and Executive Directors of the Company, also under the ClearStar Share Option Incentive scheme.

 

The Reissued Options and New Options will expire on the fifth anniversary of the Grant Date, with an exercise price of 85 US cents per Ordinary Share, representing the closing price of the Company's Ordinary Shares on AIM on 2 July 2018 of 64.5 pence translated into US$ at the prevailing exchange rate (£1:$1.313). The Reissued Options replace the options that were put in place at the time of the Company's IPO and shortly after the IPO. These options were due to expire in 2019 and 2020 respectively and have therefore been reissued to provide long-term incentivisation to a number of key employees.

 

Following the grant, the Company has a total of 2,314,765 options outstanding over Ordinary Shares, representing options over 6.4% of its total existing issued and outstanding ordinary share capital. There are no shares held in treasury.

 

The Reissued Options and New Options have been granted to PDMRs and Directors as follows:

 

PDMR/Director

Number of Reissued Options

Number of New Options

Total number of options held

Jennifer Balleza

30,000

6,000

69,000

Kenneth Dawson (Director)

-

186,000

186,000

Nicolas Dufour

105,000

21,000

186,000

Sherrie Franks

75,000

15,000

123,000

Andrew Hellman

105,000

21,000

159,000

Traci Ivester

105,000

21,000

186,000

David Pattillo (Director)

105,000

21,000

186,000

Todd Shoulberg

105,000

21,000

186,000

 

 

Enquiries

 

ClearStar, Inc.


Robert J. Vale, Chief Executive Officer

David Pattillo, Chief Financial Officer

+1 770 416 1900



finnCap Ltd.


Jonny Franklin-Adams, Simon Hicks - Corporate Finance

Andrew Burdis, Abigail Wayne - Corporate Broking

+44 20 7220 0500



Luther Pendragon Ltd.


Harry Chathli, Claire Norbury

+44 20 7618 9100

 

 

About ClearStar

ClearStar, Inc. is a leading and trusted background check technology, medical screening, strategic services, and decision-making information provider to employers and background screening companies.

 

A seven-time Inc. 5000 honouree and founding member of the National Association of Professional Background Screeners, ClearStar has provided innovative technology solutions to businesses in the human capital management industry from its corporate offices in Alpharetta, Georgia since 1995. For more information about ClearStar, please visit: www.clearstar.net.

 

 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

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

Kenneth Dawson

2.           

Reason for the Notification

a)

Position/status

Chief Information Officer and 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

ClearStar, Inc.

b)

LEI

213800C2DK3HCM3R9T19

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 US$0.0001

Identification code

KYG2294M1134

b)

Nature of the transaction

Grant of options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

85 US cents

186,000

d)

Aggregated information:

·     Aggregated volume

·     Price

 

186,000

85 US cents

e)

Date of the transaction

2 July 2018

f)

Place of the transaction

Off-market transaction

 

1.  

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Pattillo

2.           

Reason for the Notification

a)

Position/status

Chief Financial Officer and 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

ClearStar, Inc.

b)

LEI

213800C2DK3HCM3R9T19

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 US$0.0001

Identification code

KYG2294M1134

b)

Nature of the transaction

Cancellation and reissue of options, and grant of new options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

85 US cents

85 US cents

105,000 cancelled and reissued options

21,000 new options granted

d)

Aggregated information:

·     Aggregated volume

·     Price

 

126,000

85 US cents

e)

Date of the transaction

2 July 2018

f)

Place of the transaction

Off-market transaction

 

1.  

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

 Jennifer Balleza

2.           

Reason for the Notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial notification

3.  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ClearStar, Inc.

b)

LEI

213800C2DK3HCM3R9T19

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 US$0.0001

Identification code

KYG2294M1134

b)

Nature of the transaction

Cancellation and reissue of options, and grant of new options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

85 US cents

85 US cents

30,000 cancelled and reissued options

6,000 new options granted

d)

Aggregated information:

·     Aggregated volume

·     Price

 

36,000

85 US cents

e)

Date of the transaction

2 July 2018

f)

Place of the transaction

Off-market transaction

 

1.  

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nicolas Dufour

2.           

Reason for the Notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial notification

3.  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ClearStar, Inc.

b)

LEI

213800C2DK3HCM3R9T19

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 US$0.0001

Identification code

KYG2294M1134

b)

Nature of the transaction

Cancellation and reissue of options, and grant of new options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

85 US cents

85 US cents

105,000 cancelled and reissued options

21,000 new options granted

d)

Aggregated information:

·     Aggregated volume

·     Price

 

126,000

85 US cents

e)

Date of the transaction

2 July 2018

f)

Place of the transaction

Off-market transaction

 

1.  

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sherrie Franks

2.           

Reason for the Notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial notification

3.  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ClearStar, Inc.

b)

LEI

213800C2DK3HCM3R9T19

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 US$0.0001

Identification code

KYG2294M1134

b)

Nature of the transaction

Cancellation and reissue of options, and grant of new options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

85 US cents

85 US cents

75,000 cancelled and reissued options

15,000 new options granted

d)

Aggregated information:

·     Aggregated volume

·     Price

 

90,000

85 US cents

e)

Date of the transaction

2 July 2018

f)

Place of the transaction

Off-market transaction

 

 

1.  

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Hellman

2.           

Reason for the Notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial notification

3.  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ClearStar, Inc.

b)

LEI

213800C2DK3HCM3R9T19

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 US$0.0001

Identification code

KYG2294M1134

b)

Nature of the transaction

Cancellation and reissue of options, and grant of new options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

85 US cents

85 US cents

105,000 cancelled and reissued options

21,000 new options granted

d)

Aggregated information:

·     Aggregated volume

·     Price

 

126,000

85 US cents

e)

Date of the transaction

2 July 2018

f)

Place of the transaction

Off-market transaction

 

 

1.  

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Traci Ivester

2.           

Reason for the Notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial notification

3.  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ClearStar, Inc.

b)

LEI

213800C2DK3HCM3R9T19

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 US$0.0001

Identification code

KYG2294M1134

b)

Nature of the transaction

Cancellation and reissue of options, and grant of new options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

85 US cents

85 US cents

105,000 cancelled and reissued options

21,000 new options granted

d)

Aggregated information:

·     Aggregated volume

·     Price

 

126,000

85 US cents

e)

Date of the transaction

2 July 2018

f)

Place of the transaction

Off-market transaction

 

 

1.  

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Todd Shoulberg

2.           

Reason for the Notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial notification

3.  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ClearStar, Inc.

b)

LEI

213800C2DK3HCM3R9T19

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 US$0.0001

Identification code

KYG2294M1134

b)

Nature of the transaction

Cancellation and reissue of options, and grant of new options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

85 US cents

85 US cents

105,000 cancelled and reissued options

21,000 new options granted

d)

Aggregated information:

·     Aggregated volume

·     Price

 

126,000

85 US cents

e)

Date of the transaction

2 July 2018

f)

Place of the transaction

Off-market transaction

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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