Corero Network Security PLC Grant of Options (3364L)

TIDMCNS

RNS Number : 3364L

Corero Network Security PLC

27 April 2015

Corero Network Security plc

("Corero", the "Company")

Grant of Options

Corero Network Security plc (AIM: CNS), the AIM listed network security company, announces that on 24 April 2015, options were granted over new ordinary shares to directors ("Options" and "Ordinary Shares") as set out below.

 
                                                     Options         Relevant        Subsequent 
                                                      granted         Option          number of 
                                                                      scheme           Options 
                                                                                        held 
=======================  =====================  =============  ===============  =============== 
 
                              Chief Executive 
     Ashley Stephenson         Officer               200,000        Unapproved       2,500,000 
=======================  =====================  =============  ===============  =============== 
 
                              Chief Financial 
     Andrew Miller             Officer               300,000        Unapproved       1,996,000 
=======================  =====================  =============  ===============  =============== 
 
     "Unapproved" = Corero Unapproved Share Option 
      Plan 
===============================================================================================

The Options carry an exercise price of 15p and vest in equal proportions on the first, second and third anniversaries of being granted. Any Ordinary Shares issued pursuant to the exercise of the Options may not be sold or otherwise transferred until the second anniversary of the date of being granted. There are no performance conditions associated to the vesting or exercise of the Options.

Enquiries:

 
     Corero Network Security plc 
     Andrew Miller, CFO and Chief               Tel: 01895 876382 
      Operating Officer 
 
     FinnCap 
     Stuart Andrews (corporate finance)         Tel: 020 7220 0500 
     Stephen Norcross (corporate 
      broking) 
 
     Redleaf Polhill                            Tel: 020 7382 4747 
 Rebecca Sanders-Hewett/David               cns@redleafpr.com 
  Ison/Susie Hudson

About Corero Network Security

Corero Network Security, an organization's First Line of Defense(R) against Distributed Denial of Service (DDoS) attacks and cyber threats, provide enterprises and service providers with an additional layer of security capable of inspecting and analyzing Internet traffic and mitigating attacks. Corero products and services enhance existing security architecture with a scalable, flexible and responsive defence against DDoS attacks and cyber threats before they reach the targeted IT infrastructure, allowing online services to perform as intended. The latest addition to Corero First Line of Defense(R) product family includes the Corero SmartWall(R) Threat Defense System (TDS) allowing for modular, highly scalable network visibility and DDoS defence for the Large Enterprise, Datacentre and Hosting Provider, as well as the Internet Service Provider.

For more information about how Corero solutions are protecting over 500 businesses across the globe, visit www.corero.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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