KRM22 plc
("KRM22", the "Group" or the
"Company")
Grant of
Options
Director / PDMR
Shareholding
KRM22 plc, (AIM: KRM) the technology
and software investment company that focuses on risk management for
capital markets, announces the grant of a total of 925,000 options
to subscribe for ordinary shares of 10p each (the "Options") as
part of the Company's Employee Share Option Plan including 650,000
Options to certain Directors of the Company, being Garry Jones,
(Non-Executive Chairman), Dan Carter (CEO) and Kim Suter
(CFO).
Of the total of 925,000 Options
granted, Dan Carter has been awarded 250,000 Options and Kim Suter
has been awarded 200,000 Options on the same terms as all other
employees. Garry Jones has been awarded 200,000 Options on
different terms in accordance with the terms of his agreement
entered into when he assumed the role as Non-Executive Chairman of
the Company.
In the past twelve months, a total
of 1,008,286 share options have lapsed due to share performance
conditions associated with previously awarded share options not
being achieved for employees who continue to be employed within the
Group, together with share options automatically being forfeited
when employees have ceased to be employed within the
Group.
The Options awarded have an exercise
price of 40 pence per share and will lapse, to the extent not
exercised, on 21 August 2034. The Options awarded to
employees, including Dan Carter and Kim Suter, vest at the end of a
three year period from the date of grant being 21 August 2024,
subject to continued employment, whilst the Options awarded to
Garry Jones vest in two tranches of 50% on 7 March 2025 and 50% on
7 March 2026, this being the first and second anniversary
respectively of his appointment as Non-Executive Chairman of the
Company.
|
|
Current
shareholding
|
Existing
Options over Ordinary Shares
|
Award of
Options over Ordinary Shares
|
Total
Options over Ordinary Shares following the grant
|
Total
Options as a % of the issued share capital
|
|
Garry Jones
|
276,471
|
49,342
|
200,000
|
249,342
|
0.69%
|
|
Dan Carter
|
6,757
|
182,997
|
250,000
|
432,997
|
1.39%
|
|
Kim Suter
|
31,494
|
371,466
|
200,000
|
571,466
|
1.78%
|
Following this announcement, there
is a total of 4,464,237 Options over Ordinary Shares representing
12.44% of the current issued share capital of the
Company.
Of the total 4,464,237 Options
outstanding, 2,443,237 were awarded during COVID as part of a cost
saving and salary sacrifice exercise.
The Company currently has 35,899,981
Ordinary Shares in issue.
For
further information please contact:
|
KRM22
plc
Garry Jones, Chairman
Dan Carter, CEO
Kim Suter, CFO
|
InvestorRelations@krm22.com
|
|
Cavendish Capital Markets Limited (Nominated Adviser and Sole
Broker)
Carl Holmes / Rory Sale (Corporate
Finance)
Sunila de Silva (ECM)
|
+44 (0)20 7220
0500
|
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
About KRM22 plc
KRM22 is a closed-ended investment
company which listed on AIM on 30 April 2018. The Company has
been established with the objective of creating value for its
investors through the investment in, and subsequent growth and
development of, target companies in the technology and software
sector, with a focus on risk management in capital
markets.
Through its investments and the
Global Risk Platform, KRM22 helps capital market companies reduce
the cost and complexity of risk management. The Global Risk
Platform provides applications to help address firms' trading and
corporate risk challenges and to manage their entire enterprise
risk profile.
Capital markets companies' partner
with KRM22 to optimise risk management systems and
processes, improving profitability and expanding opportunities
to increase portfolio returns by leveraging risk as
alpha.
KRM22 plc is listed on AIM and the
Group is headquartered in London, with offices in several of the
world's major financial centres.
See more about KRM22 at
KRM22.com
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1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Garry Jones
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
Non-Executive Chairman
|
|
b)
|
Initial
notification/Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
KRM22 Plc
|
|
b)
|
LEI
|
213800IBCSBLSLJ9OD78
|
|
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 the Financial
instrument, type of instrument
|
Options over ordinary Shares of 10
pence each
|
|
Identification code
|
GB00BFM6WC61
|
|
b)
|
Nature of the transaction
|
Issue of options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
40p
|
200,000
|
|
|
d)
|
Aggregated information:
· Aggregated volume
· Price
|
See 4c) above
|
|
e)
|
Date of the transaction
|
21 August 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Dan Carter
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial
notification/Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
KRM22 Plc
|
|
b)
|
LEI
|
213800IBCSBLSLJ9OD78
|
|
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 the Financial
instrument, type of instrument
|
Options over ordinary Shares of 10
pence each
|
|
Identification code
|
GB00BFM6WC61
|
|
b)
|
Nature of the transaction
|
Issue of options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
40p
|
250,000
|
|
|
d)
|
Aggregated information:
· Aggregated volume
· Price
|
See 4c) above
|
|
e)
|
Date of the transaction
|
21 August 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Kim Suter
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
b)
|
Initial
notification/Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
KRM22 Plc
|
|
b)
|
LEI
|
213800IBCSBLSLJ9OD78
|
|
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 the Financial
instrument, type of instrument
|
Options over ordinary Shares of 10
pence each
|
|
Identification code
|
GB00BFM6WC61
|
|
b)
|
Nature of the transaction
|
Issue of options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
40p
|
200,000
|
|
|
d)
|
Aggregated information:
· Aggregated volume
· Price
|
See 4c) above
|
|
e)
|
Date of the transaction
|
21 August 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|