Corero Network Security PLC Holdings in Company (9158X)

TIDMCNS

RNS Number : 9158X

Corero Network Security PLC

02 September 2015

2 September 2015

Corero Network Security plc

("Corero" or the "Company")

Holdings in Company

Corero Network Security plc (AIM: CNS), the AIM listed network security company, was on 1 September 2015 notified of the holdings as set out below in shares of 1p each in the capital of the Company ("Ordinary Shares"), following the fund raise described in the Company's announcement of 30 July 2015 and as approved at the Company's General Meeting held on 27 August 2015:

 
                                                          Resulting shareholding 
                              No. of Ordinary        No. of Ordinary 
                               Shares acquired            Shares           % interest 
 
     Richard John Koch           9,700,000             23,591,000            14.24% 
     Peter Kennedy 
      Gain*                      4,900,000             10,533,333            6.36%

*The 4,900,000 Ordinary Shares were subscribed for by Draper Gain Investments Ltd (a company wholly owned and controlled by Peter Kennedy Gain). Peter Kennedy Gain personally holds 5,633,333 Ordinary Shares, representing a direct holding of 3.40% of the Company's issued share capital.

Enquiries:

 
     Corero Network Security plc 
     Andrew Miller, CFO and Chief                  Tel: 01895 876382 
      Operating Officer 
 
     FinnCap 
     Stuart Andrews/Carl Holmes (corporate         Tel: 020 7220 0500 
      finance) 
     Stephen Norcross (corporate 
      broking) 
 
     Redleaf Communications                        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

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September 02, 2015 12:53 ET (16:53 GMT)

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