Source - RNS
RNS Number : 6713J
Osirium Technologies PLC
13 September 2016
 

 

Osirium Technologies plc

("Osirium", "the Company" or "the Group")

Grant of Options and PDMR Dealings

The Board of Osirium,  a UK based cyber-security software provider, announces that, on 12 September 2016, the Company granted options ("Options") over a total of 584,673 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") pursuant to the Osirium Technologies plc Enterprise Management Incentive (EMI) Share Option Plan 2016 ("Share Option Scheme"). This included the grant of Options to Directors and certain other Persons Discharging Managerial Responsibilities ("PDMRs") on behalf of the Company as follows:

Director

Role

Number of Options granted over Ordinary Shares

Total number of Options granted over Ordinary Shares

David Guyatt

Chief Executive Officer

51,971

638,387

Rupert Hutton

Chief Financial Officer

38,978

38,978

Steve Purdham

Non-Executive Director

25,985

25,985

 

 

 

 

PDMR

Role

Number of Options granted over Ordinary Shares

Total number of Options granted over Ordinary Shares

Catherine Jamieson

Chief Operating Officer

103,943

 

103,943

 

Andrew Harris

Chief Marketing Officer and Head of Engineering 

103,943

 

103,943

 

Kevin Pearce

Chief Technical Officer

25,985

235,139

 

The balance of the Options (in respect of 233,868 Ordinary Shares) have been granted to certain of the Company's other employees.

All Options are conditional on the Group's consolidated revenue for the financial year ending 31 December 2019 being no less than £12,000,000. 51,970 of these Options, which have been granted to members of the Company's sales team, will also only vest subject to achievement of additional individual and team performance-related criteria to be set year on year for each of the financial years ending 31 December 2017, 31 December 2018 and 31 December 2019.

In each case, the Options are exercisable at 190 pence per Ordinary Share, as determined by the Board in accordance with the Rules of the Share Option Scheme, representing a 21.8 per cent. premium to the placing price of the Company's ordinary share capital at admission to AIM and no less than the average closing mid-price per Ordinary Share for the three days immediately preceding the date of Option grant.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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)

 

Names 

David Guyatt - Chief Executive Officer

Rupert Hutton - Chief Financial Officer

Steve Purdham - Non-Executive Director

Catherine Jamieson - Chief Operating Officer

Andrew Harris - Chief Marketing Officer and Head of Engineering

Kevin Pearce - Chief Technical Officer

 

2

 

Reason for the notification

a)

 

Position/status

 

See 1(a) above for positions - all classified as PDMRs of Osirium

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

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

a)

 

Name

 

Osirium Technologies plc

b)

 

LEI

 

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

 

In each case, the grant of Options on 12 September 2016 over Ordinary Shares

b)

Identification code 

 

GB00BZ58DH10

c)

 

Nature of the transaction 

 

Grant of Options over Ordinary Shares pursuant to the Osirium Technologies plc Enterprise Management Incentive (EMI) Share Option Plan 2016

 

d)

 

Price(s) and volume(s)

Price - n/a

Volume(s)

David Guyatt - 51,971 Options

Rupert Hutton - 38,978 Options

Steve Purdham - 25,985 Options

Catherine Jamieson - 103,943 Options

Andrew Harris - 103,943 Options

Kevin Harris - 25,985 Options

 

d)

 

Aggregated information 

- Aggregated volume

- Price

 N/a

 

e)

 

Date of the transaction 

12 September 2016

f)

 

Place of the transaction

Outside a trading venue

 

Name of authorised official of issuer responsible for making notification.

Martin Kay

Company Secretary to Osirium Technologies plc

For further information:

 

Osirium Technologies plc

Tel: 44 (0) 118 324 2444

David Guyatt, Chief Executive Officer

Rupert Hutton, Chief Financial Officer

www.osirium.com

 

 

Panmure Gordon (UK) Limited

(Nominated Adviser and Broker)

Tel: +44 (0) 20 7886 2500

Fred Walsh / Peter Steel / James Greenwood/

William Wickham - Corporate Finance

Charles Leigh-Pemberton - Corporate Broking

 

 

Hollins Communications

(Financial PR)

Sarah Hollins

Tel: +44 (0) 7764 947137

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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