KRM22 plc

("KRM22", the "Group" or the "Company")

Issue of Restricted Stock Units and Grant of Options

Director / PDMR Shareholding

KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, today announces the grant of a total of 1,381,221 options to subscribe for ordinary shares of 10p each (the "Options") as part of the Company's Employee Share Option Plan and the award of 1,733,338 Restricted Stock Units over ordinary shares of 10p each in the Company (the "RSUs").  Both the Options and the RSUs (collectively the "Staff Equity Incentive Awards") have been awarded to employees of the Group as part of long-term incentive plans and based on FY25 financial performance.

Of the total 1,381,221 Options granted, Garry Jones (Non-Executive Chairman) has been awarded 176,471 Options, Dan Carter (CEO) has been awarded 179,000 Options, Kim Suter (CFO) has been awarded 129,000 Options and Sandy Broderick (Non-Executive Director) has been awarded 10,000 Options on the same terms as all other employees.

In the past six months, a total of 727,500 share options have lapsed due to share performance conditions associated with previously awarded share options not being achieved for employees who continue to be employed within the Group, together with share options automatically being forfeited when employees have ceased to be employed within the Group.

The Options awarded have an exercise price of 50 pence per share and will lapse, to the extent not exercised, on 11 June 2036.  The Options vest at the end of a three year period from the date of grant, being 11 June 2026, subject to continued employment with the Group. 

Of the total 1,733,338 RSUs issued, Dan Carter has been awarded 250,000 RSUs and Kim Suter has been awarded 240,000 RSUs on the same terms as all other employees.  The RSUs, which are a retention-focused award and are based on FY25 financial performance, vest on the fifth anniversary of award and are subject to continued employment with KRM22 but not subject to any future performance conditions.

Following these Staff Equity Incentive Awards, Garry Jones will have a total of 425,813 options over Ordinary Shares which, together with his existing shareholding, represents 1.3 per cent of the current issued share capital of the Company, Dan Carter will have a total of 564,794 RSUs and 441,997 options over Ordinary Shares which, together with his existing shareholding, represents 1.4 per cent of the current issued share capital of the Company, Kim Suter will have a total of 548,685 RSUs and 540,466 options over Ordinary Shares which, together with his existing shareholding, represents 1.5 per cent of the current issued share capital of the Company whilst Sandy Broderick will have a total of 128,421 options over Ordinary Shares which, together with his existing shareholding, represents 0.6 per cent of the current issued share capital of the Company.

Following this announcement, KRM22 has a total of 4,731,302 options and 4,175,837 RSUs in issue, representing in aggregate 15.0 per cent of the current issued share capital of the Company.  The 4,731,302 options outstanding includes 2,443,237 that were awarded during COVID as part of a cost saving and salary sacrifice exercise (the "Salary Sacrifice Options").  Excluding the 2,443,237 Salary Sacrifice Options awarded during the COVID pandemic, the total number of options and RSUs in issue represent in aggregate 10.9 per cent of the current issued share capital of the Company.

The Company currently has 59,316,219 Ordinary Shares in issue.

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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