Grant of Options - Replacement

RNS Number : 3381L

Corero Network Security PLC

08 January 2016

 

The 'Grant of Options' announcement released this morning 8 January 2016 at 0700hrs under RNS No 2138L was published without the table of information which is now included in the supplementary announcement.

All other details remain unchanged.

8 January 2016

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 7 January 2016, options were granted over new ordinary shares to the Directors of the Company ("Options" and "Ordinary Shares") as set out below.

		Options granted	Relevant Option scheme	Subsequent number of Options held
Ashley Stephenson	Chief Executive Officer	700,000	Unapproved	3,200,000
Andrew Miller	Chief Financial Officer	500,000	Unapproved	2,496,000
Jens Montanana	Non-Executive Director and Chairman	150,000	Unapproved	425,000
Richard Last	Non-executive Director	100,000	Unapproved	180,000
Andrew Lloyd	Non-executive Director	100,000	Unapproved	200,000
"Unapproved" = Corero Unapproved Share Option Plan

The Options carry an exercise price of 20.0 pence per share 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, Chief Financial Offcier		Tel: [phone]
FinnCap
Stuart Andrews/Carl Holmes (corporate finance)		Tel: [phone]
Stephen Norcross (corporate broking)
Redleaf Communications		Tel: [phone]
Rebecca Sanders-Hewett/David Ison/Susie Hudson	[e-mail]

About Corero Network Security

Corero Network Security is the leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and online enterprises rely on Corero's award winning technology to eliminate the DDoS threat to their environment through automatic attack detection and mitigation, coupled with complete network visibility, analytics and reporting. This next-generation technology provides a First Line of Defense® against DDoS attacks in the most complex environments while enabling a more cost effective economic model than previously available. For more information, visit www.corero.com

 

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