Company Announcements

Grant of Share Options

Source: RNS
RNS Number : 1593Z
Northamber PLC
10 January 2024
 

Northamber PLC

("Northamber" or the "Company")

 

Grant of Share Options

 

10 January 2024

 

Northamber (AIM:NAR), announces that under its Company Share Option Plan ("CSOP"), it has granted a total of 67,415 options ("CSOP Options") over ordinary shares of £0.01 each in the Company ("Ordinary Shares") to Jeremy Keefe, pursuant to his appointment as Group Managing Director on 2 January 2024.

 

The exercise price of the CSOP Options is equal to the mid-market closing price of an Ordinary Share on 9 January 2024, being 44.5 pence.

 

The CSOP Options will vest and become exercisable on the later of:

 

•       the third anniversary of the date of grant; and

·     the date on which the board of directors determines that the volume-weighted average mid-market closing price of an Ordinary Share as derived from the AIM Appendix to the Daily Official List ("VWAP") over a period of 30 dealing days, is equal to or greater than £0.90 ("VWAP Target").

 

Contacts:

 


Northamber PLC

Alex Phillips, Executive Chairman

investor_relations@northamber.com

 


Singer Capital Markets (Nominated Adviser and Sole Broker)

Tel: +44 (0) 207 496 3000

Philip Davies / Finn Gordon


 



 

 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a. 

Name

Jeremy Keefe

2. 

Reason for the notification: Grant of CSOP options

a. 

Position/status

Group 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

Northamber plc

b. 

LEI

213800F4IVW7568DW226

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 1 pence each

 

GB00B2Q99X01

b. 

Nature of the transaction

Grant of CSOP options

c. 

Price(s) and volume(s)

Volume(s) 67,415

Price(s) 44.5p





d. 

Aggregated information

Aggregated volume

Price 

N/A - single transaction

67,415

44.5p

 

e. 

Date of the transaction

09/01/24

f. 

Place of the transaction

Off-Exchange

 

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