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KRM22 plc
("KRM22", the "Group" or the "Company")
Issue of Restricted Stock Units
KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, announces that on 30 November 2023 the Company issued a total of 69,685 Restricted Stock Units ("RSUs") over ordinary shares of 10 pence each in the Company ("Ordinary Shares") to employees of the Group and Kim Suter, CFO, under the Company's 2023 RSU Incentive Plan. The RSUs represent in aggregate 0.20 per cent. of the Company's issued share capital.
Of the total of 69,685 RSUs issued, Kim Suter has been issued 68,685 RSUs on the same terms as all other employees. Following this issue, Kim Suter will have 421,466 options and 68,685 RSUs over Ordinary Shares representing 1.37 per cent of the current issued share capital of the Company.
The RSUs vest on the fifth anniversary of award and are not subject to any future performance conditions.
Following the award, KRM22 has 3,870,523 options and 863,461 RSUs in issue, representing in aggregate 13.27 per cent. of the Company's issued share capital.
For further information please contact:
KRM22 plc [email protected]
Keith Todd CBE, Executive Chairman
Stephen Casner, CEO
Kim Suter, CFO
Cavendish Capital Markets Limited (Nominated Adviser and Sole Broker) +44 (0)20 7220 0500
Carl Holmes / George Dollemore (Corporate Finance)
Sunila de Silva (ECM)
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
About KRM22 plc
KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.
Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' trading and corporate risk challenges and to manage their entire enterprise risk profile.
Capital markets companies' partner with KRM22 to optimise risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.
KRM22 plc is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.
See more about KRM22 at KRM22.com
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Kim Suter |
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2. |
Reason for the Notification |
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a) |
Position/status |
Chief Financial Officer |
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b) |
Initial notification/Amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
KRM22 Plc |
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b) |
LEI |
213800IBCSBLSLJ9OD78 |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
Restricted Stock Units over ordinary shares of 10 pence each |
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Identification code |
GB00BFM6WC61 |
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b) |
Nature of the transaction |
Award under Restricted Share Unit Plan |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information: · Aggregated volume · Price |
N/A |
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e) |
Date of the transaction |
30 November 2023 |
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f) |
Place of the transaction |
Outside a trading venue |
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KRM22 plc issued a total of 69,685 Restricted Stock Units (RSUs) on November 30, 2023, under its 2023 RSU Incentive Plan to Group employees and CFO Kim Suter. Of this total, Kim Suter received 68,685 RSUs, and the new issue represents 0.20% of the Company's issued share capital. The RSUs vest on the fifth anniversary of the award, contributing to KRM22 having 3,870,523 options and 863,461 RSUs in issue, representing 13.27% of its total issued share capital.
| Date | 1 Dec 2023 |
| Time | 07:00:11 |
| Category | Director/PDMR dealings |
| ID | 2851V |