15 February 2024
Corero Network Security
plc (AIM: CNS)
("Corero," the "Company" or the "Group")
Exercise of Options, PDMR
Dealing and Total Voting Rights
The Company announces that it has
issued and allotted 7,000,000 new ordinary shares of 1 pence each
("Ordinary Shares")
following the exercise of share options.
The Shares have been issued out of
the block listing of 61,856,538 ordinary shares in the Company that
was admitted to the London Stock Exchange on 12 May 2022, as
referenced and in accordance with an announcement dated 6 May
2022.
The Company advises that, following
the issue of the 7,000,000 new ordinary shares, the Company's
issued share capital will be 508,828,468 Ordinary Shares. The
Company holds no shares in treasury. Therefore, the total number of
voting rights in the Company is 508,828,468 which may be used by
shareholders as the denominator for the calculations by which they
determine if they are required to notify their interest in, or a
change to their interest in, the Company under the Disclosure
Guidance and Transparency Rules.
In addition, the Company announces
that Richard Last, Non-Executive Director of Corero, has purchased
2,000,000 Ordinary Shares. Following this purchase, Richard Last
has a total beneficial interest in 4,500,000 Ordinary Shares
equivalent to 0.88% per cent. of the Company's issued share
capital.
The notification below, which has
been made in accordance with the requirements of the UK Market
Abuse Regulation, provide further detail.
Enquiries:
Corero Network Security plc
|
Tel: +44(0) 20 7390 0230
|
Carl Herberger, Chief Executive
Officer
|
Philip Richards, Chief Financial
Officer
|
|
|
|
Canaccord Genuity Limited
(Nominated Adviser and Broker)
Simon Bridges
/ Andrew Potts / Harry Rees
|
Tel: +44(0) 20 7523 8000
|
|
|
Vigo
Communications
|
Tel: +44(0) 20 7390 0230
|
Jeremy Garcia / Kendall
Hill
corero@vigoconsulting.com
|
|
About Corero Network Security
Corero Network Security is a leading
provider of Distributed Denial of Service (DDoS) protection
solutions. We are specialists in automatic detection and
mitigation solutions, that include network visibility, analytics,
and reporting tools. Corero's technology provides scalable
protection capabilities against both external DDoS attackers and
internal DDoS threats, in even the most complex edge and subscriber
environments, ensuring internet service availability and uptime.
Corero's key operational centers are in Marlborough, Massachusetts,
USA, and Edinburgh, UK, with the Company's headquarters in London,
UK. The Company is listed on the London Stock Exchange's AIM market
under the ticker CNS. For more information, visit
www.corero.com
Notification and public disclosure
of transactions by persons discharging managerial responsibilities
and persons closely associated with them.
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
Name
|
Richard Last
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Non-Executive Director
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
a)
|
Name
|
Corero Network Security
plc
|
b)
|
LEI
|
2138001EVYT2OI1C4Y98
|
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
Identification code
|
Ordinary shares of 1p each in Corero
Network Security plc
ISIN: GB00B54X0432
|
b)
|
Nature of the transaction
|
Purchase of ordinary
shares
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
7.75 pence
|
2,000,000 shares
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
e)
|
Date of the transaction
|
14 February 2024
|
f)
|
Place of the transaction
|
London Stock Exchange -
AIM
|