Northamber PLC
("Northamber" or the "Company")
Grant of Share Options
10 January 2024
Northamber (AIM:NAR), announces that under its Company Share Option Plan ("CSOP"), it has granted a total of 67,415 options ("CSOP Options") over ordinary shares of £0.01 each in the Company ("Ordinary Shares") to Jeremy Keefe, pursuant to his appointment as Group Managing Director on 2 January 2024.
The exercise price of the CSOP Options is equal to the mid-market closing price of an Ordinary Share on 9 January 2024, being 44.5 pence.
The CSOP Options will vest and become exercisable on the later of:
• the third anniversary of the date of grant; and
· the date on which the board of directors determines that the volume-weighted average mid-market closing price of an Ordinary Share as derived from the AIM Appendix to the Daily Official List ("VWAP") over a period of 30 dealing days, is equal to or greater than £0.90 ("VWAP Target").
Contacts:
|
| |
| Northamber PLC Alex Phillips, Executive Chairman | |
|
| |
| Singer Capital Markets (Nominated Adviser and Sole Broker) | Tel: +44 (0) 207 496 3000 |
| Philip Davies / Finn Gordon | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
| a. | Name | Jeremy Keefe | ||||||
| 2. | Reason for the notification: Grant of CSOP options | |||||||
| a. | Position/status | Group Managing Director | ||||||
| b. | Initial notification /Amendment | Initial notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a. | Name | Northamber plc | ||||||
| b. | LEI | 213800F4IVW7568DW226 | ||||||
| 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 | Ordinary shares of 1 pence each
GB00B2Q99X01 | ||||||
| b. | Nature of the transaction | Grant of CSOP options | ||||||
| c. | Price(s) and volume(s) |
| ||||||
| d. | Aggregated information Aggregated volume Price | N/A - single transaction 67,415 44.5p
| ||||||
| e. | Date of the transaction | 09/01/24 | ||||||
| f. | Place of the transaction | Off-Exchange | ||||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
