Starcom PLC Director/PDMR Shareholding (6051E)
July 19 2016 - 5:58AM
UK Regulatory
TIDMSTAR
RNS Number : 6051E
Starcom PLC
19 July 2016
19 July 2016
Starcom Plc
("Starcom" or "the Company")
Director/PDMR transaction
Wireless remote tracking and monitoring products company Starcom
Plc (AIM: STAR) is pleased to announce that, further to the
approval of the Starcom PLC Share Option Scheme by the Company's
shareholders at the recent Annual General Meeting and as envisaged
in the Chairman's statement in the 2015 Report and Accounts,
options have been granted over a total of 4,400,000 Ordinary Shares
(representing 3.2 per cent. of the Company's issued share capital)
as follows:-
Avi Hartmann 800,000
Avi Engel 1,000,000
Michael Rosenberg 1,000,000
Uri Hartman 800,000
Doron Kedem 800,000
The options are exercisable at 5p per share (compared to (i)
yesterday's mid market closing price of 2.5p and (ii) 1.625p at the
time of the proposed grant of options). The options vest 3 years
after grant, except in the case of Michael Rosenberg and Avi Engel
where the vesting period is 2 years. Any unexercised options expire
at the end of 10 years from grant.
-ends-
For further information, please contact:
Starcom Plc
Michael Rosenberg, Chairman 07785 727 595
+972 5430 70103
Avi Hartmann, CEO +972 3619 9901
Northland Capital Partners
Limited 020 3861 6625
Nominated Adviser and Broker
Edward Hutton / David Hignell
(Corporate Finance)
John Howes / Abigail Wayne
(Sales and Broking)
Peterhouse Corporate Finance
Limited
Joint Broker 020 7469 0930
Lucy Williams / Charles Goodfellow
/ Eran Zucker
Leander PR
Financial PR
Christian Taylor-Wilkinson 020 7520 9267
07795 168 157
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No 596/2014. The
information set out below is provided in accordance with the
requirements of Article 19(3) of that Regulation.
1 Details of the persons discharging managerial
responsibilities I person closely associated
--- ----------------------------------------------------------------
a) Name 1. Avi Hartmann
2. Avi Engel
3. Michael Rosenberg
4. Uri Hartman
5. Doron Kedem
--- ------------------------- -------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------
a) Position/status 1. Chief Executive
2. Non-executive director
3. Non-executive director
4. Chief Technical Officer
5. Chief Operating Officer
--- ------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- -------------------------------------
3 Details of the issuer
--- ----------------------------------------------------------------
a) Name Starcom plc
--- ------------------------- -------------------------------------
b) LEI n/a
--- ------------------------- -------------------------------------
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
the financial of no par value
instrument, type
of instrument
--- ------------------------- -------------------------------------
Identification ISIN: JE00B8WSDY21
code
--- ------------------------- -------------------------------------
b) Nature of the The options vest 3 years after
transaction grant, except in the case of
Michael Rosenberg and Avi Engel
where the vesting period is
2 years.. Any unexercised options
expire at the end of 10 years
from grant.
--- ------------------------- -------------------------------------
c) Price(s) and volume(s) Option Price(s) Volume(s)
---------------- ----------
1. 5p 800,000
---------------- ----------
2. 5p 1,000,000
---------------- ----------
3. 5p 1,000,000
---------------- ----------
4. 5p 800,000
---------------- ----------
5. 5p 800,000
---------------- ----------
--- ------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume * Options over 4,400,000 shares
- Price
* 5p per share
--- ------------------------- -------------------------------------
e) Date of the transaction 19 July 2016
--- ------------------------- -------------------------------------
f) Place of the transaction Shares issued on exercise of
options to be admitted to trading
on AIM, London Stock Exchange
--- ------------------------- -------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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