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 | |
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 | |
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) |
| ||||
| 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 | ||||
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.
