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Corero Network Sec. (CNS)

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Wednesday 27 January, 2021

Corero Network Sec.

Grant of share options

RNS Number : 9791M
Corero Network Security PLC
27 January 2021
 

27 January 2021

 

Corero Network Security plc

("Corero" or the "Company")

 

Grant of share options

 

Corero Network Security plc (AIM: CNS), a leading provider of real-time, high-performance, automatic Distributed Denial of Service (DDoS) cyber defense solutions, announces options were granted on 26 January 2021 over a total of 3,545,000 new ordinary shares of 1p each in the Company to Group employees and to the Directors of the Company (the "Options") under existing share option schemes in the amounts set out below.

 

The Options carry an exercise price of 13.00 pence per ordinary share, which equates to the closing mid-market price of an Ordinary Share on 25 January 2021, and vest in equal proportions on the first, second and third anniversaries of the date of grant. The Options are exercisable from vesting until the tenth anniversary of grant. Any new Ordinary Shares issued pursuant to the exercise of the Options may not be sold or otherwise transferred until the second anniversary of the date of being granted.

 

Director

Number of Options

Jens Montanana

350,000

Lionel Chmilewsky

500,000

Ashley Stephenson

350,000

Richard Last

350,000

Peter George

350,000

 

In addition to the grant of the above Options to the Directors, and the grant of 1,325,000 of the Options to other Corero persons discharging managerial responsibilities ("PDMRs") as set out below, 320,000 of the Options were granted to other Group employees.

 

Following the grant of Options, the Company has now granted a total of Options over 51,731,439 new Ordinary Shares, representing 10.5% of the Company's current issued ordinary share capital.

 

 

Enquiries:

 

Corero Network Security plc


Lionel Chmilewsky, Chief Executive Officer

Neil Pritchard, Group Finance Director

 

Tel: +44(0)1895 876 382



Cenkos Securities plc

Tel: +44(0)20 7397 8900

Ben Jeynes - Corporate Finance

Alex Pollen - Sales




Vigo Communications

Tel: +44(0)20 7390 0230

Jeremy Garcia / Antonia Pollock

[email protected]


 

About Corero Network Security

 

Corero Network Security plc, is a global leader in real-time, high-performance, automatic DDoS cyber defense solutions. Both Service and Hosting providers, alongside digital enterprises across the globe rely on Corero's award winning cybersecurity technology to eliminate the threat of Distributed Denial of Service (DDoS) to their digital environment through automatic attack detection and mitigation, coupled with network visibility, analytics and reporting. Corero's industry leading SmartWall and SecureWatch technology provides scalable protection capabilities against external DDoS attackers and internal DDoS botnets in the most complex edge and subscriber environments, while enabling a more cost-effective economic model than previously available. Corero's key operational centers located in Marlborough, Massachusetts, USA and Edinburgh, UK, with the Company's headquarters in Amersham, UK. The Company is listed on the London Stock Exchange's AIM market under the ticker CNS.  For more information, visit   www.corero.com

 

NOTIFICATIONS 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

Jens Montanana

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

Corero Network Security plc

b)

LEI

2138001EVYT2OI1C4Y98

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 1 pence each



Identification code

GB00B54X0432



b)

Nature of the transaction

Grant of share options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

350,000







d)

 

Aggregated information

n/a - single transaction



- Aggregated volume




- Price




e)

Date of the transaction

2 6 January 2021

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

R ichard Last

2  

Reason for the notification

a)

Position/status

Non-Executive D irector

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Corero Network Security plc

b)

LEI

2138001EVYT2OI1C4Y98

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 1 pence each



Identification code

GB00B54X0432



b)

Nature of the transaction

Grant of share options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

350,000







d)

 

Aggregated information

n/a - single transaction



- Aggregated volume




- Price




e)

Date of the transaction

2 6 January 2021

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

P eter George

2  

Reason for the notification

a)

Position/status

Non-Executive D irector

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Corero Network Security plc

b)

LEI

2138001EVYT2OI1C4Y98

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 1 pence each



Identification code

GB00B54X0432



b)

Nature of the transaction

Grant of share options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

350,000







d)

 

Aggregated information

n/a - single transaction



- Aggregated volume




- Price




e)

Date of the transaction

2 6 January 2021

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

L ionel Chmilewsky

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

Corero Network Security plc

b)

LEI

2138001EVYT2OI1C4Y98

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 1 pence each



Identification code

GB00B54X0432



b)

Nature of the transaction

Grant of share options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

500,000







d)

 

Aggregated information

n/a - single transaction



- Aggregated volume




- Price




e)

Date of the transaction

2 6 January 2021

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Ashley Stephenson

2  

Reason for the notification

a)

Position/status

Chief Technology Officer

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Corero Network Security plc

b)

LEI

2138001EVYT2OI1C4Y98

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 1 pence each



Identification code

GB00B54X0432



b)

Nature of the transaction

Grant of share options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

350,000







d)

 

Aggregated information

n/a - single transaction



- Aggregated volume




- Price




e)

Date of the transaction

2 6 January 2021

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Neil Pritchard

2  

Reason for the notification

a)

Position/status

Group Financial Director

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Corero Network Security plc

b)

LEI

2138001EVYT2OI1C4Y98

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 1 pence each



Identification code

GB00B54X0432



b)

Nature of the transaction

Grant of share options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

150,000







d)

 

Aggregated information

n/a - single transaction



- Aggregated volume




- Price




e)

Date of the transaction

2 6 January 2021

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Duncan Swallow

2  

Reason for the notification

a)

Position/status

Company Secretary

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Corero Network Security plc

b)

LEI

2138001EVYT2OI1C4Y98

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 1 pence each



Identification code

GB00B54X0432



b)

Nature of the transaction

Grant of share options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

75,000







d)

 

Aggregated information

n/a - single transaction



- Aggregated volume




- Price




e)

Date of the transaction

2 6 January 2021

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Michael Connolly

2  

Reason for the notification

a)

Position/status

Vice President, Global Sales

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Corero Network Security plc

b)

LEI

2138001EVYT2OI1C4Y98

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 1 pence each



Identification code

GB00B54X0432



b)

Nature of the transaction

Grant of share options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

350,000







d)

 

Aggregated information

n/a - single transaction



- Aggregated volume




- Price




e)

Date of the transaction

2 6 January 2021

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Joao Melo

2  

Reason for the notification

a)

Position/status

VP of Operations & Security Services

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Corero Network Security plc

b)

LEI

2138001EVYT2OI1C4Y98

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 1 pence each



Identification code

GB00B54X0432



b)

Nature of the transaction

Grant of share options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

400,000







d)

 

Aggregated information

n/a - single transaction



- Aggregated volume




- Price




e)

Date of the transaction

2 6 January 2021

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Julian Palmer

2  

Reason for the notification

a)

Position/status

Executive Vice-President of Engineering

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Corero Network Security plc

b)

LEI

2138001EVYT2OI1C4Y98

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 1 pence each



Identification code

GB00B54X0432



b)

Nature of the transaction

Grant of share options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

350,000







d)

 

Aggregated information

n/a - single transaction



- Aggregated volume




- Price




e)

Date of the transaction

2 6 January 2021

f)

Place of the transaction

Outside a trading venue

 

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