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:
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| Northamber PLC Alex Phillips, Executive Chairman | |
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| 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) |
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| d. | Aggregated information Aggregated volume Price | N/A - single transaction 67,415 44.5p
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| e. | Date of the transaction | 09/01/24 | ||||||
| f. | Place of the transaction | Off-Exchange | ||||||
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