Falanx Group Limited Director/PDMR Shareholding (3843S)
December 20 2016 - 7:49AM
UK Regulatory
TIDMFLX
RNS Number : 3843S
Falanx Group Limited
20 December 2016
Falanx Group Limited
("Falanx" or "the Company")
DIRECTOR DEALINGS AND GRANT OF SHARE OPTIONS
Falanx Group (AIM:FLX), the global intelligence, security and
cyber defence provider, announces that on 19(th) December 2016,
Stuart Bladen, Chief Executive Officer, acquired 310,000 ordinary
shares of no par value ("Ordinary Shares") in the capital of the
Company. Mr Bladen's resultant interest following this transaction,
which was completed at a price of 7.25 pence per share, is now in
310,000 Ordinary Shares, representing 0.25 per cent of the
Company's issued share capital.
Falanx also announces that on 6(th) October 2016 and pursuant to
the rules of the Falanx Group Long Term Incentive Plan, the Company
granted options to Mr Bladen to subscribe for up to 3,000,000
Ordinary Shares ("Options") as follows:
Date from which Options are exercisable, No. of Ordinary
post date of grant: 6(th) October Shares over
2016 ("Date of Grant") which the
Options can
be exercised
------------------------------------------ ----------------
Earlier of 12 months from the Date
of Grant and date at which the share
price of the Company has consistently
been at 6p or above for 6 months 1,000,000
------------------------------------------ ----------------
Earlier of 24 months from the Date
of Grant and date at which the Share
Price of the Company has consistently
been at 12p or above for 6 months 1,000,000
------------------------------------------ ----------------
Earlier of 36 months from the Date
of Grant and date at which the Share
Price of the Company has consistently
been at 20p or above for 6 months 1,000,000
------------------------------------------ ----------------
To the extent that the relevant performance conditions are met
as set out above, then the Options can be exercised at 5p per
Ordinary Share. Any Options remaining unexercised on 6(th) October
2019 will automatically lapse.
Following the grant of the Options to Mr Bladen, the total
number of Ordinary Shares subject to options and which could, in
the future, be issued to him is 3,000,000, which represents 2.4% of
the current issued share capital of the Company.
Enquiries:
Falanx Group Limited via Walbrook PR
Stuart Bladen, Chief Executive www.falanxgroup.com
Officer www.falanxassuria.com
www.falanxcyberdefence.com
Panmure Gordon (UK) Limited
Nominated Adviser & Joint
Broker
Andrew Godber / Peter
Steel +44 (0) 20 7886 2500
Whitman Howard Limited
Joint Broker
Nick Lovering / Francis
North +44 (0) 207 659 1234
Walbrook PR (Media and +44 (0) 207 933 8780
Investor Relations) Paul falanx@walbrookpr.com
Cornelius / Nick Rome
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail in
relation to Mr Bladen's purchase of Ordinary Shares on 19(th)
December 2016.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ("PDMRs") and persons
closely associated ("PCA") with them.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Names Stuart Bladen - Chief Executive
Officer
--- ----------------------- ---------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------
a) Position/status See 1(a) above, Stuart Bladen
classified as a PDMR of the Company
with effect from 17(th) October
2016 (the date of Mr Bladen's
formal appointment as Chief Executive
Officer)
--- ----------------------- ---------------------------------------
b) Initial notification Initial notification
/Amendment
--- ----------------------- ---------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ----------------------------------------------------------------
a) Name Falanx Group Limited
--- ----------------------- ---------------------------------------
b) LEI
--- ----------------------- ---------------------------------------
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 no par value
of the financial
instrument,
type of instrument
--- ----------------------- ---------------------------------------
b) Identification VGG3338A1075
code
--- ----------------------- ---------------------------------------
c) Nature of the Purchase of Ordinary Shares
transaction
--- ----------------------- ---------------------------------------
d) Price(s) and Volume(s):
volume(s) 310,000 Ordinary Shares
Price: 7.25 pence per Ordinary
Share
--- ----------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
--- ----------------------- ---------------------------------------
e) Date of the 19(th) December 2016
transactions
--- ----------------------- ---------------------------------------
f) Place of the London Stock Exchange, AIM Market
transaction (XLON)
--- ----------------------- ---------------------------------------
Name of authorised official of issuer responsible for making
notification:
Mr John Blamire, Director
Company Secretary to Falanx Group Limited
About Falanx
Falanx Group Limited, is a global intelligence and cyber defence
provider working with blue chip and government clients. The Group
listed on AIM in June 2013 under ticker FLX For more information:
http://www.falanxgroup.com/.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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