The 'Grant of Options' announcement released this morning 8 January 2016 at 0700hrs under RNS No 2138L was published without the table of information which is now included in the supplementary announcement.
All other details remain unchanged.
8 January 2016
Corero Network Security plc
("Corero", the "Company")
Grant of Options
Corero Network Security plc (AIM: CNS), the AIM listed network security company, announces that on 7 January 2016, options were granted over new ordinary shares to the Directors of the Company ("Options" and "Ordinary Shares") as set out below.
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|
Options granted |
Relevant Option scheme |
Subsequent number of Options held |
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Ashley Stephenson |
Chief Executive Officer |
700,000 |
Unapproved |
3,200,000 |
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Andrew Miller |
Chief Financial Officer |
500,000 |
Unapproved |
2,496,000 |
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Jens Montanana |
Non-Executive Director and Chairman |
150,000 |
Unapproved |
425,000 |
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Richard Last |
Non-executive Director |
100,000 |
Unapproved |
180,000 |
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Andrew Lloyd |
Non-executive Director |
100,000 |
Unapproved |
200,000 |
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"Unapproved" = Corero Unapproved Share Option Plan |
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The Options carry an exercise price of 20.0 pence per share and vest in equal proportions on the first, second and third anniversaries of being granted. Any Ordinary Shares issued pursuant to the exercise of the Options may not be sold or otherwise transferred until the second anniversary of the date of being granted. There are no performance conditions associated to the vesting or exercise of the Options.
Enquiries:
Corero Network Security plc |
|
Andrew Miller, Chief Financial Offcier |
Tel: 01895 876382 |
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FinnCap |
|
Stuart Andrews/Carl Holmes (corporate finance) |
Tel: 020 7220 0500 |
Stephen Norcross (corporate broking) |
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Redleaf Communications |
Tel: 020 7382 4747 |
Rebecca Sanders-Hewett/David Ison/Susie Hudson |
[email protected] |
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About Corero Network Security
Corero Network Security is the leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and online enterprises rely on Corero's award winning technology to eliminate the DDoS threat to their environment through automatic attack detection and mitigation, coupled with complete network visibility, analytics and reporting. This next-generation technology provides a First Line of Defense® against DDoS attacks in the most complex environments while enabling a more cost effective economic model than previously available. For more information, visit www.corero.com
