5 April 2018
Corero Network Security plc
("Corero," the "Company" or the 'Group')
Posting of Circular and Director's Subscriptions
Corero (AIM: CNS), the listed network security company, announces that the circular to shareholders containing details of the placing and subscription announced on 5 April 2018 (the "Circular") has today been posted to shareholders. A copy of the Circular is available on the Company's website at https://www.corero.com/investors/company-documents.
In addition, the Company confirms that Jens Montanana, Andrew Lloyd and Richard Last, each a Director of the Company, have entered into Subscription Agreements. The interests of the Directors on 4 April 2018 (being the last practicable date prior to publication of this announcement) are, and immediately following Admission will be, as follows:
Director |
Number of Ordinary Shares held on 4 April 2018 (being the last practicable date prior to publication) |
Number of New Ordinary Shares to be subscribed for in the Subscription |
Resulting number of Ordinary Shares held immediately following Admission |
Resulting holding as a percentage of the Enlarged Share Capital |
Jens Montanana |
138,000,000* |
16,382,609** |
154,382,609 |
40.10% |
Andrew Lloyd |
300,000 |
100,000 |
400,000 |
0.10% |
Richard Last |
1,316,667 |
683,333 |
2,000,000 |
0.52% |
Total |
139,616,667 |
17,165,942 |
156,782,609 |
40.72% |
*of which 25,987,899 Ordinary Shares are held in the name of JPM International Limited, which is wholly owned by Jens Montanana, and 94,258,302 Ordinary Shares are held in the name of The New Millennium Technology Trust of which Jens Montanana is a beneficiary.
** which will be subscribed for by Jens Montanana in his personal capacity or JPM International Limited, which is wholly owned by Jens Montanana, or by The New Millennium Technology Trust of which Jens Montanana is a beneficiary.
Enquiries:
Corero Network Security plc Tel: 01895 876 382
Andrew Miller, CFO
Cenkos Securities plc Tel: 020 7397 8900
Mark Connelly / Bobbie Hilliam - NOMAD
Michael Johnson - Sales
Vigo Communications Tel: 020 7830 9703
Jeremy Garcia / Ben Simons
[email protected]
