TIDMNASA
RNS Number : 9490M
Nasstar PLC
02 May 2018
2 May 2018
Nasstar plc
("Nasstar", "Company" or "Group")
Director Dealing
Nasstar, a provider of hosted managed and cloud computing
services, announces that the following Directors and PDMRs of the
Company have been granted options over ordinary shares of 1p each
in the capital of the Company ("Options" and "Ordinary Shares")
pursuant to the Company's EMI approved share option scheme:
Name Position new Options Exercise Total Options
granted price (p) held
6,500,000
(5.00p)
3,000,000
(8.38p)
Chief Executive 4,000,000
Nigel Redwood Officer 4,000,000 11.50 (11.50p)
6,500,000
(5.0p)
3,000,000
(8.38p)
Chief Financial 4,000,000
Niki Redwood Officer 4,000,000 11.50 (11.50p)
300,000
(8.38p)
300,000
Managing (8.88p)
Director 1,500,000
David McCarthy (PDMR) 1,500,000 11.50 (11.50p)
2,000,000
(5.00p)
300,000
Technical (8.38p)
Director 1,500,000
Steve Brown (PDMR) 1,500,000 11.50 (11.50p)
The new Options granted are exercisable in tranches of one third
each, subject to the share price of Nasstar achieving levels of no
less than 12.5 pence per Ordinary Share, 15 pence per Ordinary
Share and 20 pence per Ordinary Share, in each case for a
continuous three month period. The new options are exercisable from
the date of grant until 01 May 2028.
The shareholdings of the above persons remain unchanged.
The total number of outstanding options over ordinary shares now
stands at 45,117,960 which compares to 43,441,770 as at 31 December
2016.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information, please contact:-
Nasstar plc +44 (0) 1952 225 000
Nigel Redwood, Chief Executive Officer
Niki Redwood, Finance Director
finnCap Limited (Nominated Adviser & Broker) +44 (0) 20 7220 0500
Julian Blunt, James Thompson (Corporate Finance)
Stephen Norcross (Corporate broking)
IFC Advisory (Financial PR) +44 (0) 20 3934 6630
Tim Metcalfe
Graham Herring
About Nasstar plc
Nasstar (www.nasstar.com) and its wholly owned operating
businesses provide hosted managed and cloud computing services,
integrating private and public clouds supplying a robust, secure
and stable hosted Information Technology service to business
customers. The Group provides a true end to end service for clients
providing them with enhanced IT performance and greater cost
control over their IT function. The Group owns its primary data
centre, is head quartered in Telford with regional offices in
Northampton, London and Bournemouth whilst 24 x 7 support is
delivered from its Auckland office in New Zealand. Nasstar is an
accredited Microsoft Gold Partner, is the 2016 Citrix Networking
Partner of the Year and is certified to ISO 27001.
Nasstar specialises in building bespoke cloud hosted services to
manage a client's entire application set, tailor made to suit
specific industries, designing public, private and hybrid cloud
solutions to meet the objectives of the client. The solution is a
highly scalable service that provides benefits including "Anywhere
Access" to computing; a standardised corporate solution that can be
accessed globally in multiple languages; generating cost savings
when compared to the traditional IT ownership model whilst
replacing capital expenditure with a simple usage based payment
model.
Nasstar (AIM:NASA) was founded in 1998, admitted to AIM in
December 2005, acquired e-know.net Limited in a reverse takeover in
January 2014, Kamanchi Limited in July 2014, VESK in October 2015
and Modrus Limited in September 2016.
Ends
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Nigel Redwood
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 Nasstar Plc
b) LEI 213800464LOG9B2Q8J17
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 Options over Ordinary
instrument, type of instrument Shares of 1p each
Identification code in the capital of
the Company
GB00B0T1S097
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) 4,000,000 Options
over Ordinary Shares
granted
d) Aggregated information n/a
- Aggregated volume n/a
- Price n/a
e Date of the transaction 1 May 2018
f) Place of the transaction Outside of a trading
venue
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Niki Redwood
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 Nasstar Plc
b) LEI 213800464LOG9B2Q8J17
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 Options over Ordinary
instrument, type of instrument Shares of 1p each
Identification code in the capital of
the Company
GB00B0T1S097
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) 4,000,000 Options
over Ordinary Shares
granted
d) Aggregated information n/a
- Aggregated volume n/a
- Price n/a
e Date of the transaction 1 May 2018
f) Place of the transaction Outside of a trading
venue
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name David McCarthy
2 Reason for the notification
a) Position/status Managing Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Nasstar Plc
b) LEI 213800464LOG9B2Q8J17
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 Options over Ordinary
instrument, type of instrument Shares of 1p each
Identification code in the capital of
the Company
GB00B0T1S097
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) 1,500,000 Options
over Ordinary Shares
granted
d) Aggregated information n/a
- Aggregated volume n/a
- Price n/a
e Date of the transaction 1 May 2018
f) Place of the transaction Outside of a trading
venue
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Steve Brown
2 Reason for the notification
a) Position/status Technical Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Nasstar Plc
b) LEI 213800464LOG9B2Q8J17
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 Options over Ordinary
instrument, type of instrument Shares of 1p each
Identification code in the capital of
the Company
GB00B0T1S097
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) 1,500,000 Options
over Ordinary Shares
granted
d) Aggregated information n/a
- Aggregated volume n/a
- Price n/a
e Date of the transaction 1 May 2018
f) Place of the transaction Outside of a trading
venue
This information is provided by RNS
The company news service from the London Stock Exchange
END
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