TIDMOSI

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    Total number 
                                           Options granted      of Options 
                                             over Ordinary    granted over 
                                                    Shares        Ordinary 
                                                                    Shares 
---------------  ----------------------  -----------------  -------------- 
                  Chief Executive 
 David Guyatt      Officer                          51,971         638,387 
---------------  ----------------------  -----------------  -------------- 
                  Chief Financial 
 Rupert Hutton     Officer                          38,978          38,978 
---------------  ----------------------  -----------------  -------------- 
                  Non-Executive 
 Steve Purdham     Director                         25,985          25,985 
---------------  ----------------------  -----------------  -------------- 
 
 PDMR             Role                           Number of    Total number 
                                           Options granted      of Options 
                                             over Ordinary    granted over 
                                                    Shares        Ordinary 
                                                                    Shares 
---------------  ----------------------  -----------------  -------------- 
 Catherine        Chief Operating 
  Jamieson         Officer                         103,943         103,943 
---------------  ----------------------  -----------------  -------------- 
                  Chief Marketing 
                   Officer and 
 Andrew Harris     Head of Engineering             103,943         103,943 
---------------  ----------------------  -----------------  -------------- 
                  Chief Technical 
 Kevin Pearce      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 GBP12,000,000. 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      Initial Notification 
       /Amendment 
---  ------------------------  -------------------------------------- 
 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            In each case, the grant of Options 
       the financial             on 12 September 2016 over Ordinary 
       instrument, type          Shares 
       of instrument 
---  ------------------------  -------------------------------------- 
 b)   Identification            GB00BZ58DH10 
       code 
---  ------------------------  -------------------------------------- 
 c)   Nature of the             Grant of Options over Ordinary 
       transaction               Shares pursuant to the Osirium 
                                 Technologies plc Enterprise 
                                 Management Incentive (EMI) Share 
                                 Option Plan 2016 
---  ------------------------  -------------------------------------- 
 d)   Price(s) and              Price - n/a 
       volume(s)                 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     N/a 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  -------------------------------------- 
 e)   Date of the transaction   12 September 2016 
---  ------------------------  -------------------------------------- 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  -------------------------------------- 
 

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           Tel: +44 (0) 20 7886 
  (Nominated Adviser and                               2500 
  Broker) 
 Fred Walsh / Peter Steel 
  / James Greenwood/ 
  William Wickham - Corporate 
  Finance 
  Charles Leigh-Pemberton 
  - Corporate Broking 
 Hollins Communications            Tel: +44 (0) 7764 947137 
  (Financial PR) 
  Sarah Hollins 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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