Corero Network Security PLC Director Subscription, Grant of Options and TVR (4570T)
15 Novembre 2023 - 8:00AM
UK Regulatory
TIDMCNS
RNS Number : 4570T
Corero Network Security PLC
15 November 2023
15 November 2023
Corero Network Security plc
("Corero", or "the Company")
Director Subscription, Grant of Options and Total Voting
Rights
Corero Network Security plc (AIM: CNS), is pleased to announce
that, further to the announcement on 13 November 2023, Carl
Herberger, CEO Designate of the Company has entered into a
subscription agreement to acquire 1,344,497 new Corero shares at a
price of 9.0 pence per share.
In addition to this, Carl has been granted a matching share
option award of 4,033,492 options over new ordinary shares with an
exercise price of 9.0 pence, and as a part of Carl's overall CEO
compensation, he has also been granted 7,500,000 options with an
exercise price of 9.0 pence (together, the "Options"). The Options
have a three-year vesting period, vesting one third on the first
anniversary of grant, one third on the second anniversary of grant
and one third on the third anniversary of grant. Shares acquired on
the exercise of an option may not be sold until the expiry of the
second anniversary following the date of option grant.
Following the subscription, Carl Herberger's holding in the
Company will be 1,344,497 shares, representing 0.27% of the
Company's enlarged issued share capital.
Application has been made for the 1,344,497 new Ordinary Shares
to be admitted to trading on AIM ("Admission") and it is expected
that Admission will become effective on 20 November 2023.
Following Admission, the total issued share capital of the
Company with voting rights will be 501,528,468 Ordinary Shares.
This figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Enquiries:
Corero Network Security plc Tel: +44 (0) 20 7390 0230
Jens Montanana, Executive Chairman
Phil Richards, CFO
Tel: +44 (0) 20 7523 8000
Canaccord Genuity Limited (Nominated Adviser
and Broker)
Simon Bridges / Andrew Potts / Harry Rees
Tel: +44 (0) 20 7390 0230
Vigo Consulting
Jeremy Garcia / Kendall Hill
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 London, UK. The Company is
listed on the London Stock Exchange's AIM market under the ticker
CNS. For more information, visit www.corero.com .
This announcement, including the notification below, is made in
accordance with the requirements of the EU Market Abuse
Regulation.
Notification of a Transaction pursuant to Article 19(1) of
Regulation (EU) No. 596/2014
Details of the Person discharging managerial responsibilities
1. ("PDMR") / person closely associated with them ("PCA")
a) Name Carl Herberger
-------------------------- -------------------------------------------------
Reason for the notification
2.
-----------------------------------------------------------------------------
a) Position / status Chief Executive Officer Designate
-------------------------- -------------------------------------------------
b) Initial notification Initial notification
/ amendment
-------------------------- -------------------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Corero Network Security plc
-------------------------- -------------------------------------------------
b) Legal Entity Identifier 2138001EVYT2OI1C4Y98
-------------------------- -------------------------------------------------
Details of the transaction(s): section to be repeated for
4. (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 Ordinary Shares
financial instrument GB00B1GVQH21
-------------------------- -------------------------------------------------
b) Nature of the transaction Purchase of shares and grant of options
-------------------------- -------------------------------------------------
c) Price(s) and volume(s) Purchase of shares Price(s) Volume(s)
9.0 pence 1,344,497
----------
Grant of options Exercise Price(s) Volume(s)
9.0 pence 11,533,492
-----------
-------------------------- -------------------------------------------------
d) Aggregated information Not applicable
- Aggregated volume
- Aggregated price
- Aggregated total
-------------------------- -------------------------------------------------
e) Date of the transaction 13 November 2023
-------------------------- -------------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- -------------------------------------------------
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END
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