TIDMCNS

RNS Number : 3644M

Corero Network Security PLC

27 April 2018

27 April 2018

Corero Network Security plc

("Corero," the "Company" or the 'Group')

Director/PDMR Shareholding

Further to the announcement made on 5 April 2018, the Result of GM announcement released on 26 April 2018 and Admission of the Placing and Subscription Shares to AIM becoming effective this morning, the Company makes the following disclosures in respect of the participation in the Subscription by certain persons discharging managerial responsibilities and persons closely associated, in accordance with article 19(3) of the Market Abuse Regulation.

 
 Director                   Number of       Number of          Resulting 
                         New Ordinary        Ordinary         holding as 
                    Shares subscribed     Shares held       a percentage 
                           for in the     immediately    of the Enlarged 
                         Subscription       following      Share Capital 
                                            Admission 
----------------  -------------------  --------------  ----------------- 
 Jens Montanana           16,382,609*   154,382,609**             40.10% 
----------------  -------------------  --------------  ----------------- 
 Andrew Lloyd                 100,000         400,000              0.10% 
----------------  -------------------  --------------  ----------------- 
 Richard Last                 683,333       2,000,000              0.52% 
----------------  -------------------  --------------  ----------------- 
 Total                     17,165,942     156,782,609             40.72% 
----------------  -------------------  --------------  ----------------- 
 

* of which 7,686,957 New Ordinary Shares were subscribed by JPM International Limited, which is wholly owned by Jens Montanana, and 8,695,652 New Ordinary Shares which were subscribed by The New Millennium Technology Trust of which Jens Montanana is a beneficiary.

** of which 33,674,846 Ordinary Shares are held in the name of JPM International Limited, which is wholly owned by Jens Montanana, and 102,953,954 Ordinary Shares are held in the name of The New Millennium Technology Trust of which Jens Montanana is a beneficiary.

Capitalised terms used in this announcement shall have the same meaning as those definitions set out in the Circular to shareholders dated 5 April 2018.

 
 Notification of a Transaction pursuant to Article 
  19(1) of Regulation (EU) No. 596/2014 
----------------------------------------------------------------------- 
 1      Details of the person discharging managerial 
         responsibilities/person closely associated 
-----  ---------------------------------------------------------------- 
 a.     Name                         Jens Montanana 
                                    ----------------------------------- 
 2      Reason for 
         notification 
-----  ---------------------------  ----------------------------------- 
 a.     Position/Status              Chairman 
-----  ---------------------------  ----------------------------------- 
 b.     Initial notification/        Initial Notification 
         Amendment 
-----  ---------------------------  ----------------------------------- 
 3      Details of the issuer, emission allowance 
         market participant, auction platform, auctioneer 
         or auction monitor 
       ---------------------------------------------------------------- 
 a.     Name                         Corero Network Security plc 
-----  ---------------------------  ----------------------------------- 
 b.     LEI                          2138001EVYT2OI1C4Y98 
-----  ---------------------------  ----------------------------------- 
 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                  Ordinary Shares of 1p each 
         of the financial 
         instrument, 
         type of instrument 
                                      ISIN: GB00B54X0432 
         Identification 
         Code 
-----  ---------------------------  ----------------------------------- 
 b.     Nature of the                Purchase of Ordinary Shares 
         transaction 
-----  ---------------------------  ----------------------------------- 
 
 c.     Price(s) and                  Price(s)           Volume(s) 
         volume(s) 
-----  ---------------------------   -----------------  ------------ 
     5.75 pence                                          16,382,609 
   ---------------------------------------------------  ------------ 
 
 d.     Aggregated 
         information                   N/A - single transaction 
         - Aggregated 
         Volume 
         - Price 
-----  ---------------------------  ----------------------------------- 
 e.     Date of the                  27 April 2018 
         transaction 
-----  ---------------------------  ----------------------------------- 
 f.     Place of the                 London Stock Exchange, XLON 
         transaction 
-----  ---------------------------  ----------------------------------- 
 
 
 
 Notification of a Transaction pursuant to Article 
  19(1) of Regulation (EU) No. 596/2014 
-------------------------------------------------------------------------------- 
 1      Details of the person discharging managerial 
         responsibilities/person closely associated 
-----  ------------------------------------------------------------------------- 
 a.     Name                          Andrew Lloyd 
                                     ------------------------------------------- 
 2      Reason for 
         notification 
-----  ----------------------------  ------------------------------------------- 
 a.     Position/Status               President and EVP Sales & Marketing 
-----  ----------------------------  ------------------------------------------- 
 b.     Initial notification/         Initial Notification 
         Amendment 
-----  ----------------------------  ------------------------------------------- 
 3      Details of the issuer, emission allowance 
         market participant, auction platform, auctioneer 
         or auction monitor 
       ------------------------------------------------------------------------- 
 a.     Name                          Corero Network Security plc 
-----  ----------------------------  ------------------------------------------- 
 b.     LEI                           2138001EVYT2OI1C4Y98 
-----  ----------------------------  ------------------------------------------- 
 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                   Ordinary Shares of 1p each 
         of the financial 
         instrument, 
         type of instrument 
                                       ISIN: GB00B54X0432 
         Identification 
         Code 
-----  ----------------------------  ------------------------------------------- 
 b.     Nature of the                 Purchase of Ordinary Shares 
         transaction 
-----  ----------------------------  ------------------------------------------- 
 
 c.     Price(s) and                   Price(s)                Volume(s) 
         volume(s) 
-----  ----------------------------   ----------------------  --------------- 
     5.75 pence                                                100,000 
   ---------------------------------------------------------  --------------- 
 
 d.     Aggregated 
         information                    N/A - single transaction 
         - Aggregated 
         Volume 
         - Price 
-----  ----------------------------  ------------------------------------------- 
 e.     Date of the                   27 April 2018 
         transaction 
-----  ----------------------------  ------------------------------------------- 
 f.     Place of the                  London Stock Exchange, XLON 
         transaction 
-----  ----------------------------  ------------------------------------------- 
 
 
 
 Notification of a Transaction pursuant to Article 
  19(1) of Regulation (EU) No. 596/2014 
------------------------------------------------------------------------ 
 1      Details of the person discharging managerial 
         responsibilities/person closely associated 
-----  ----------------------------------------------------------------- 
 a.     Name                          Richard Last 
                                     ----------------------------------- 
 2      Reason for 
         notification 
-----  ----------------------------  ----------------------------------- 
 a.     Position/Status               Non-executive Director 
-----  ----------------------------  ----------------------------------- 
 b.     Initial notification/         Initial Notification 
         Amendment 
-----  ----------------------------  ----------------------------------- 
 3      Details of the issuer, emission allowance 
         market participant, auction platform, auctioneer 
         or auction monitor 
       ----------------------------------------------------------------- 
 a.     Name                          Corero Network Security plc 
-----  ----------------------------  ----------------------------------- 
 b.     LEI                           2138001EVYT2OI1C4Y98 
-----  ----------------------------  ----------------------------------- 
 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                   Ordinary Shares of 1p each 
         of the financial 
         instrument, 
         type of instrument 
                                       ISIN: GB00B54X0432 
         Identification 
         Code 
-----  ----------------------------  ----------------------------------- 
 b.     Nature of the                 Purchase of Ordinary Shares 
         transaction 
-----  ----------------------------  ----------------------------------- 
 
 c.     Price(s) and                   Price(s)           Volume(s) 
         volume(s) 
-----  ----------------------------   -----------------  ------------ 
     5.75 pence                                           683,333 
   ----------------------------------------------------  ------------ 
 
 d.     Aggregated 
         information                    N/A - single transaction 
         - Aggregated 
         Volume 
         - Price 
-----  ----------------------------  ----------------------------------- 
 e.     Date of the                   27 April 2018 
         transaction 
-----  ----------------------------  ----------------------------------- 
 f.     Place of the                  London Stock Exchange, XLON 
         transaction 
-----  ----------------------------  ----------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 27, 2018 03:08 ET (07:08 GMT)

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