22 December 2022
Falanx Cyber Security Limited
("Falanx" or the "Company")
Grant of Options
Falanx Cyber Security Limited (AIM: FCS), the global cyber security provider, announces that it has today awarded a total of 248,000 options (the "New Options") over ordinary shares of nil par value each in the Company ("Ordinary Shares") under the Company's existing Enterprise Management Incentive Scheme ("EMI Scheme"). A total of 188,000 New Options have been awarded to the following directors:
| Director | Number of New Options Granted | Total number of options over the Ordinary Shares as adjusted by the share reorganisation (Excluding options awarded in lieu of salaries during Covid-19) | Total number of options as a percentage of the Company's issued share capital (Excluding options awarded in lieu of salaries during Covid-19) | Total number of options over the Ordinary Shares (Including options awarded in lieu of salaries during Covid-19) | Total number of options as a percentage of the Company's issued share capital (Including options awarded in lieu of salaries during Covid-19) |
| Michael Read | 50,000 | 100,000 | 1.9% | 166,000 | 3.2% |
| Ian Selby | 50,000 | 100,000 | 1.9% | 125,200 | 2.4% |
| Rick Flood | 50,000 | 100,000 | 1.9% | 149,992 | 2.8% |
| Emma Shaw | 16,000 | 16,000 | 0.3% | 23,992 | 0.5% |
| William Kilmer | 22,000 | 22,000 | 0.4% | 22,000 | 0.4% |
The New Options have an exercise price of 50 pence per Ordinary Share (the "Exercise Price"), being the closing mid-market price on 21 December 2022, and will vest:
· as to 81,840 New Options (representing 33% of the total Options), provided that the average share price of the Company exceeds 75 pence (50% share price growth over the Exercise Price) for a period of 10 business days;
· as to 81,840 New Options (representing 33% of the total Options), provided that the average share price of the Company exceeds 100 pence (100% share price growth over the Exercise Price) for a period of 10 business days; and
· as to the balance of 84,320 New Options (representing 34% of the total Options), provided that the average share price of the Company exceeds 125 pence (150% growth over the Exercise Price) for a period of 10 business days.
Once vested the New Options are exercisable between 1 January 2023 and 21 December 2032, subject to accelerated vesting and exercise in certain customary scenarios.
Enquiries:
| Falanx Cyber Security Limited Alex Hambro Chairman Mike Read CEO Ian Selby CFO
| Via IFC |
| WH Ireland Mike Coe/ Sarah Mather (Nomad) Joanna Hunt (Corporate Broking)
| + 44 (0) 207 220 1666 |
| IFC Advisory Ltd Financial PR & IR Graham Herring / Zach Cohen | +44 (0) 203 934 6630 |
| 1
| Details of the person discharging managerial responsibilities / person closely associated | |
| a)
| Names | Michael David Read |
| 2
| Reason for the notification | |
| a)
| Position/status
| CEO |
| b)
| Initial notification /Amendment
| Initial notification |
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a)
| Name
| Falanx Cyber Security Limited |
| b)
| LEI | 213800YO4F9CUQLALV19 |
| 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
| Ordinary Shares of nil par value |
| b) | Identification code
| VGG3338A1158 |
| c)
| Nature of the transaction
| Grant of options over Ordinary Shares |
| d)
| Price(s) and volume(s) | Volume(s): 50,000 Ordinary Shares Price: 50 pence per Ordinary Share |
| d)
| Aggregated information - Aggregated volume - Price | N/A
|
| e)
| Date of the transactions | 22 December 2022 |
| f)
| Place of the transaction | Outside a trading venue |
| 1
| Details of the person discharging managerial responsibilities / person closely associated | |
| a)
| Names | Ian Selby |
| 2
| Reason for the notification | |
| a)
| Position/status
| CFO |
| b)
| Initial notification /Amendment
| Initial notification |
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a)
| Name
| Falanx Cyber Security Limited |
| b)
| LEI | 213800YO4F9CUQLALV19 |
| 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
| Ordinary Shares of nil par value |
| b) | Identification code
| VGG3338A1158 |
| c)
| Nature of the transaction
| Grant of options over Ordinary Shares |
| d)
| Price(s) and volume(s) | Volume(s): 50,000 Ordinary Shares Price: 50 pence per Ordinary Share |
| d)
| Aggregated information - Aggregated volume - Price | N/A
|
| e)
| Date of the transactions | 22 December 2022 |
| f)
| Place of the transaction | Outside a trading venue |
| 1
| Details of the person discharging managerial responsibilities / person closely associated | |
| a)
| Names | Richard Andrew Flood |
| 2
| Reason for the notification | |
| a)
| Position/status
| 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
| Falanx Cyber Security Limited |
| b)
| LEI | 213800YO4F9CUQLALV19 |
| 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
| Ordinary Shares of nil par value |
| b) | Identification code
| VGG3338A1158 |
| c)
| Nature of the transaction
| Grant of options over Ordinary Shares |
| d)
| Price(s) and volume(s) | Volume(s): 50,000 Ordinary Shares Price: 50 pence per Ordinary Share |
| d)
| Aggregated information - Aggregated volume - Price | N/A
|
| e)
| Date of the transactions | 22 December 2022 |
| f)
| Place of the transaction | Outside a trading venue |
| 1
| Details of the person discharging managerial responsibilities / person closely associated | |
| a)
| Names | Emma Shaw |
| 2
| Reason for the notification | |
| a)
| Position/status
| NED |
| b)
| Initial notification /Amendment
| Initial notification |
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a)
| Name
| Falanx Cyber Security Limited |
| b)
| LEI | 213800YO4F9CUQLALV19 |
| 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
| Ordinary Shares of nil par value |
| b) | Identification code
| VGG3338A1158 |
| c)
| Nature of the transaction
| Grant of options over Ordinary Shares |
| d)
| Price(s) and volume(s) | Volume(s): 16,000 Ordinary Shares Price: 50 pence per Ordinary Share |
| d)
| Aggregated information - Aggregated volume - Price | N/A
|
| e)
| Date of the transactions | 22 December 2022 |
| f)
| Place of the transaction | Outside a trading venue |
| 1
| Details of the person discharging managerial responsibilities / person closely associated | |
| a)
| Names | William Kilmer |
| 2
| Reason for the notification | |
| a)
| Position/status
| NED |
| b)
| Initial notification /Amendment
| Initial notification |
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a)
| Name
| Falanx Cyber Security Limited |
| b)
| LEI | 213800YO4F9CUQLALV19 |
| 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
| Ordinary Shares of nil par value |
| b) | Identification code
| VGG3338A1158 |
| c)
| Nature of the transaction
| Grant of options over Ordinary Shares |
| d)
| Price(s) and volume(s) | Volume(s): 22,000 Ordinary Shares Price: 50 pence per Ordinary Share |
| d)
| Aggregated information - Aggregated volume - Price | N/A
|
| e)
| Date of the transactions | 22 December 2022 |
| f)
| Place of the transaction | Outside a trading venue |
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