TIDMNWT
RNS Number : 3083H
Newmark Security PLC
26 July 2023
Newmark Security plc
("Newmark", the "Company" or the "Group")
Grant of options
Newmark Security plc (AIM: NWT), a leading provider of
electronic and physical security systems, announces the grant of
options over ordinary shares of 5p each ("Ordinary Shares") to a
Director and certain members of senior management of the Company
under the Newmark Security plc 2019 EMI Share Option Plan (the
"Plan").
Grant of options to Newmark CEO
Under her service agreement, Marie-Claire Dwek is entitled to
receive options over Ordinary Shares representing 20% of her annual
salary, subject to the achievement of certain operational
performance criteria in each financial period. The Company has
granted EMI options to Marie-Claire Dwek over 90,000 new Ordinary
Shares (the "CEO Options") in respect of the financial year ended
30 April 2023. The CEO Options are exercisable at 53.5p per option
and vest as to 1/3 on 26 July 2024, 1/3 on 26 July 2025 and 1/3 on
26 July 2026. The CEO Options lapse on the tenth anniversary of the
date of grant.
Following the grant of the CEO Options, Marie-Claire Dwek holds
options over 499,242 Ordinary Shares, equivalent to 5.33% of the
Company's current issued share capital.
Grant of options to Senior Management
The Company has granted an additional 105,000 options over
Ordinary Shares to members of the Group's Senior Management (the
"Management Options"), including the following grants to persons
discharging managerial responsibilities ("PDMRs"):
Total
no. of
No. Management options % of current
Options held post issued
Name Role granted grant share capital
Colin Leatherbarrow CTO, Grosvenor 20,000 60,000 0.64%
Commercial Director,
Ben Lagden Grosvenor 15,000 40,000 0.43%
In order to minimise dilution to shareholders whilst still
providing a meaningful incentive to the recipients of the
Management Options, the Management Options have an exercise price
of 5p per option, being the nominal value of an Ordinary Share. The
Management Options all vest on the third anniversary of the date of
grant, subject to continued employment, and are exercisable up
until the tenth anniversary of the date of grant. The Management
Options are subject to an additional share price vesting criteria
that the average closing mid-market price of an Ordinary Share on
the 10 business days preceding the date of exercise must exceed
85.6p, being a 60% premium to the closing mid-market price of an
Ordinary Share of 53.5p on 25 July 2023, the day before date of
grant.
Total options outstanding
In total, the Company has today granted options over 195,000 new
Ordinary Shares, representing 2.08% of the Company's current issued
share capital. Following the options grants, the Company has a
total of 899,242 options outstanding over Ordinary Shares,
representing 9.59% of the Company's current issued share
capital.
Further details on the grants to Directors and PDMRs are set out
in the tables below.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Marie-Claire Dwek
------------------------- --------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status CEO
------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Newmark Security plc
------------------------- --------------------------------------------
b) LEI 213800CL2XGDB1YCLM67
------------------------- --------------------------------------------
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 of Options over ordinary shares of 5p each
the financial in Newmark Security plc
instrument, type
of instrument
Identification Identification code (ISIN) for Newmark
code Security plc ordinary shares: GB00BNYM9W73
------------------------- --------------------------------------------
b) Nature of the Grant of options
transaction
------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
53.5p exercise
price 90,000
----------
------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price n/a
------------------------- --------------------------------------------
e) Date of the transaction 26 July 2023
------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue - grant of options
------------------------- --------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Colin Leatherbarrow
------------------------- -------------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------
a) Position/status CTO, Grosvenor Technology (PDMR)
------------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- -------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Newmark Security plc
------------------------- -------------------------------------------------
b) LEI 213800CL2XGDB1YCLM67
------------------------- -------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
----------------------------------------------------------------------------
a) Description of Options over ordinary shares of 5p each in
the financial Newmark Security plc
instrument, type
of instrument
Identification Identification code (ISIN) for Newmark Security
code plc ordinary shares: GB00BNYM9W73
------------------------- -------------------------------------------------
b) Nature of the Grant of options
transaction
------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
5p exercise
price 20,000
----------
------------------------- -------------------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price n/a
------------------------- -------------------------------------------------
e) Date of the transaction 26 July 2023
------------------------- -------------------------------------------------
f) Place of the transaction Outside a trading venue - grant of options
------------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ben Lagden
------------------------- --------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Commercial Director, Grosvenor (PDMR)
------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Newmark Security plc
------------------------- --------------------------------------------
b) LEI 213800CL2XGDB1YCLM67
------------------------- --------------------------------------------
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 of Options over ordinary shares of 5p each
the financial in Newmark Security plc
instrument, type
of instrument
Identification Identification code (ISIN) for Newmark
code Security plc ordinary shares: GB00BNYM9W73
------------------------- --------------------------------------------
b) Nature of the Grant of options
transaction
------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
5p exercise
price 15,000
----------
------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price n/a
------------------------- --------------------------------------------
e) Date of the transaction 26 July 2023
------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue - grant of options
------------------------- --------------------------------------------
Newmark Security plc Tel: +44 (0) 20 7355 0070
Marie-Claire Dwek, Chief Executive www.newmarksecurity.com
Officer
Paul Campbell-White, Chief Financial
Officer
Allenby Capital Limited Tel: +44 (0) 20 3328 5656
(Nominated Adviser and Broker)
James Reeve (Corporate Finance)
Amrit Nahal, Tony Quirke (Sales
& Broking)
Yellow Jersey PR Limited Tel: +44 (0) 203 2004 9512
(PR & IR)
Charles Goodwin / Dominic Barretto
About Newmark Security plc
Newmark is a leading provider of electronic, software and
physical security systems that helps organisations protect human
capital and provide safe spaces seamlessly and securely.
From our locations in the UK and US, we operate through
subsidiary businesses positioned in specialist, high-growth
markets.
We foster an open and inclusive work environment amongst our
c.100 employees, serving hundreds of blue-chip customers.
Our product portfolio consists of Human Capital Management and
Access Control Systems providing both hardware and software and
Physical security installations to various sectors.
Newmark Security plc is admitted to trading on AIM
(AIM:NWT).
For more information, please visit: www.newmarksecurity.com
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END
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