TIDMNWT
RNS Number : 3863P
Newmark Security PLC
20 June 2022
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
certain Directors and 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
today granted EMI options to Marie-Claire Dwek over 83,153 new
Ordinary Shares (the "CEO Options") in respect of the financial
year ended 30 April 2021. The CEO Options are exercisable at 50p
per option and vest as to 1/3 on 20 June 2023, 1/3 on 20 June 2024
and 1/3 on 20 June 2025. 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 656,518 Ordinary Shares, equivalent to 7.0% of the
Company's current issued share capital. It is not anticipated that
Marie-Clare Dwek will be entitled to any options in respect of the
year ending 30 April 2022.
Grant of options to Senior Management
The Company has today granted an additional 345,000 options over
Ordinary Shares to members of the Group's Senior Management (the
"Management Options"), including the following grants to a Director
and certain persons discharging managerial responsibilities
("PDMRs"):
Total no.
of options % of current
No. Management held post issued share
Name Role Options granted grant capital
Paul Campbell-White CFO, Newmark 70,000 70,000 0.75%
Colin Leatherbarrow CTO, Grosvenor 40,000 40,000 0.43%
Nicholas Shannon MD, Safetell 50,000 50,000 0.53%
Operations
Director,
Sean McCrory Safetell 20,000 20,000 0.21%
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
63.88p, being a 75% premium to the closing mid-market price of an
Ordinary Share of 36.5p on 17 June 2022, the date prior to
grant.
Total options outstanding
In total, the Company has today granted options over 428,123 new
Ordinary Shares, representing 4.57% of the Company's current issued
share capital. Following the options grants, the Company has a
total of 1,001,518 options outstanding over Ordinary Shares,
representing 10.68% 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)
50p exercise
price 83,153
----------
------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price n/a
------------------------- --------------------------------------------
e) Date of the transaction 20 June 2022
------------------------- --------------------------------------------
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 Paul Campbell-White
------------------------- --------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status CFO
------------------------- --------------------------------------------
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 70,000
----------
------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price n/a
------------------------- --------------------------------------------
e) Date of the transaction 20 June 2022
------------------------- --------------------------------------------
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 Colin Leatherbarrow
------------------------- --------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status CTO, Grosvenor Technology (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 40,000
----------
------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price n/a
------------------------- --------------------------------------------
e) Date of the transaction 20 June 2022
------------------------- --------------------------------------------
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 Nicholas Shannon
------------------------- --------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Managing Director, Safetell (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 50,000
----------
------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price n/a
------------------------- --------------------------------------------
e) Date of the transaction 20 June 2022
------------------------- --------------------------------------------
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 Sean McCrory
------------------------- --------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Operations Director, Safetell (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 20,000
----------
------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price n/a
------------------------- --------------------------------------------
e) Date of the transaction 20 June 2022
------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue - grant of options
------------------------- --------------------------------------------
Newmark Security plc
Marie-Claire Dwek, Chief Executive Tel: +44 (0) 20 7355
Officer 0070
Paul Campbell-White, Chief Financial www.newmarksecurity.com
Officer
Allenby Capital Limited Tel: +44 (0) 20 3328
(Nominated Adviser and Broker) 5656
James Reeve / Liz Kirchner (Corporate
Finance)
Amrit Nahal (Sales & Broking)
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: https://newmarksecurity.com/
Safe. Seamless. Secure
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END
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