Corero Network Security PLC Posting of Circular and Director's Subscriptions (9736J)
April 05 2018 - 6:53AM
UK Regulatory
TIDMCNS
RNS Number : 9736J
Corero Network Security PLC
05 April 2018
5 April 2018
Corero Network Security plc
("Corero," the "Company" or the 'Group')
Posting of Circular and Director's Subscriptions
Corero (AIM: CNS), the listed network security company,
announces that the circular to shareholders containing details of
the placing and subscription announced on 5 April 2018 (the
"Circular") has today been posted to shareholders. A copy of the
Circular is available on the Company's website at
https://www.corero.com/investors/company-documents.
In addition, the Company confirms that Jens Montanana, Andrew
Lloyd and Richard Last, each a Director of the Company, have
entered into Subscription Agreements. The interests of the
Directors on 4 April 2018 (being the last practicable date prior to
publication of this announcement) are, and immediately following
Admission will be, as follows:
Director Number of Number of Resulting Resulting
Ordinary New Ordinary number of holding
Shares held Shares to Ordinary as a percentage
on 4 April be subscribed Shares held of the Enlarged
2018 (being for in the immediately Share Capital
the last Subscription following
practicable Admission
date prior
to publication)
---------------- ----------------- --------------- ------------- -----------------
Jens Montanana 138,000,000* 16,382,609** 154,382,609 40.10%
---------------- ----------------- --------------- ------------- -----------------
Andrew
Lloyd 300,000 100,000 400,000 0.10%
---------------- ----------------- --------------- ------------- -----------------
Richard
Last 1,316,667 683,333 2,000,000 0.52%
---------------- ----------------- --------------- ------------- -----------------
Total 139,616,667 17,165,942 156,782,609 40.72%
---------------- ----------------- --------------- ------------- -----------------
*of which 25,987,899 Ordinary Shares are held in the name of JPM
International Limited, which is wholly owned by Jens Montanana, and
94,258,302 Ordinary Shares are held in the name of The New
Millennium Technology Trust of which Jens Montanana is a
beneficiary.
** which will be subscribed for by Jens Montanana in his
personal capacity or JPM International Limited, which is wholly
owned by Jens Montanana, or by The New Millennium Technology Trust
of which Jens Montanana is a beneficiary.
Enquiries:
Corero Network Security plc Tel: 01895 876 382
Andrew Miller, CFO
Cenkos Securities plc Tel: 020 7397 8900
Mark Connelly / Bobbie Hilliam - NOMAD
Michael Johnson - Sales
Vigo Communications Tel: 020 7830 9703
Jeremy Garcia / Ben Simons
corero@vigocomms.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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