Northamber PLC New Company Share Option Scheme & Grant of Options (3114H)
27 Juli 2023 - 8:00AM
UK Regulatory
TIDMNAR
RNS Number : 3114H
Northamber PLC
27 July 2023
Northamber PLC
("Northamber" or the "Company")
New Company Share Option Plan
Grant of Share Options
27 July 2023
Northamber (AIM:NAR), announces that it has adopted a Company
Share Option Plan ("CSOP"), under which all of the Company's
eligible employees will be able to participate.
Options under the CSOP ("CSOP Options") to acquire a total of
131,250 ordinary shares of GBP0.01 each in the capital of the
Company ("Ordinary Shares"), have been granted to 3 directors,
which represent 0.48 per cent. of the existing issued share capital
of the Company, as detailed below.
In addition, the Company intends to grant additional CSOP
Options to acquire up to 1,266,240 Ordinary Shares to senior
management and other employees, which would represent up to 4.65
per cent. of the existing issued share capital of the Company.
The exercise price of all the CSOP Options is equal to the
mid-market closing price of an Ordinary Share as derived from the
AIM Appendix to the Daily Official List on the dealing day
immediately prior to the date of grant of the CSOP Options, being
25 July 2023.
Detail of CSOP Option grants to Directors
Name Number of Ordinary Exercise Number of Ordinary
Shares over which Price Shares under CSOP
CSOP Options Option as a % of share
have been granted capital
Peter Dosanjh 43,750 42.5p 0.16%
------------------- --------- ------------------------
Tony Lee 43,750 42.5p 0.16%
------------------- --------- ------------------------
John Henry 43,750 42.5p 0.16%
------------------- --------- ------------------------
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 GBP0.90 ("VWAP Target").
Except in the event of a change of control of the Company and in
certain 'good leaver' scenarios, CSOP Options may only be exercised
after the third anniversary of the date of grant and to the extent
that the VWAP Target is met. The CSOP Options granted by the
Company to date are not subject to any holding period.
Contacts:
Northamber PLC investor_relations@northamber.com
Colin Thompson, Chairman
Singer Capital Markets (Nominated Adviser Tel: +44 (0) 207 496 3000
and Sole Broker)
Philip Davies
Alex Bond
1. Details of the person discharging managerial responsibilities /
person closely associated
a. Name Peter Dosanjh
------------------------------- ---------------------------------------
2. Reason for the notification: Grant of CSOP options
------------------------------------------------------------------------
a. Position/status
------------------------------- ---------------------------------------
b. Initial notification Initial notification
/Amendment
------------------------------- ---------------------------------------
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 Ordinary shares of 1 pence each
the Financial
instrument, type GB00B2Q99X01
of instrument
Identification
code
------------------------------- ---------------------------------------
b. Nature of the Grant of CSOP options
transaction
------------------------------- ---------------------------------------
c. Price(s) and volume(s) Price(s)
Volume(s) 43,750 42.5p
------------------------------- ---------------------------------------
d. Aggregated information [N/A - single transaction]
Aggregated volume 43,750
Price 42.5p
------------------------------- ---------------------------------------
e. Date of the transaction 26/07/23
------------------------------- ---------------------------------------
f. Place of the transaction Off-Exchange
------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities /
person closely associated
a. Name Tony Lee
------------------------------- ---------------------------------------
2. Reason for the notification: Grant of CSOP options
------------------------------------------------------------------------
a. Position/status
------------------------------- ---------------------------------------
b. Initial notification Initial notification
/Amendment
------------------------------- ---------------------------------------
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 Ordinary shares of 1 pence each
the Financial
instrument, type GB00B2Q99X01
of instrument
Identification
code
------------------------------- ---------------------------------------
b. Nature of the Grant of CSOP options
transaction
------------------------------- ---------------------------------------
c. Price(s) and volume(s) Price(s)
Volume(s) 43,750 42.5p
------------------------------- ---------------------------------------
d. Aggregated information [N/A - single transaction]
Aggregated volume 43,750
Price 42.5p
------------------------------- ---------------------------------------
e. Date of the transaction 26/07/23
------------------------------- ---------------------------------------
f. Place of the transaction Off-Exchange
------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities /
person closely associated
a. Name John Henry
------------------------------- ---------------------------------------
2. Reason for the notification: Grant of CSOP options
------------------------------------------------------------------------
a. Position/status
------------------------------- ---------------------------------------
b. Initial notification Initial notification
/Amendment
------------------------------- ---------------------------------------
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 Ordinary shares of 1 pence each
the Financial
instrument, type GB00B2Q99X01
of instrument
Identification
code
------------------------------- ---------------------------------------
b. Nature of the Grant of CSOP options
transaction
------------------------------- ---------------------------------------
c. Price(s) and volume(s) Price(s)
Volume(s) 43,750 42.5p
------------------------------- ---------------------------------------
d. Aggregated information [N/A - single transaction]
Aggregated volume 43,750
Price 42.5p
------------------------------- ---------------------------------------
e. Date of the transaction 26/07/23
------------------------------- ---------------------------------------
f. Place of the transaction Off-Exchange
------------------------------- ---------------------------------------
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