KRM22 plc
("KRM22", the "Group" or the "Company")
Issue of Options
KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, announces the issue of a total of 300,000 options ("Options") to subscribe for new ordinary shares of 10p each in the Company ("Ordinary Shares") to employees of the Group and Kim Suter, CFO of the Company, under the Company's Employee Share Option Plan.
Of the total of 300,000 Options issued, Kim Suter has been issued 100,000 Options on the same terms as all other employees. Following this issue, Kim Suter will have 471,466 Options over Ordinary Shares representing 1.32% of the current issued share capital of the Company.
The Options vest over a three year period and are exercisable at 63 pence provided that the share price has increased by 5% per year, compounded, during the vesting period. The Options will expire on 16 December 2032.
Following this announcement, there is a total of 4,556,004 Options over Ordinary Shares representing 12.77% of the current issued share capital of the Company.
For further information please contact:
KRM22 plc InvestorRelations@krm22.com
Keith Todd CBE, Executive Chairman
Stephen Casner, CEO
Kim Suter, CFO
finnCap Ltd (Nominated Adviser and Sole Broker) +44 (0)20 7220 0500
Carl Holmes / George Dollemore
Alice Lane / Sunila de Silva (ECM)
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
| 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) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price |
See 4c) above | ||||
| e) | Date of the transaction | 16 December 2022 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.