Business
Grant of Options and Director/PDMR Shareholding
Grant of Options and Director/PDMR Shareholding.
About this update from Krm22 Plc
[{"type":"text","content":"\n\nKRM22 plc\n(\"KRM22\", the \"Group\" or the \"Company\")\nGrant of Options\nDirector / PDMR Shareholding\n \nKRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, announces the grant of a total of 925,000 options to subscribe for ordinary shares of 10p each (the \"Options\") as part of the Company's Employee Share Option Plan including 650,000 Options to certain Directors of the Company, being Garry Jones, (Non-Executive Chairman), Dan Carter (CEO) and Kim Suter (CFO).\n \nOf the total of 925,000 Options granted, Dan Carter has been awarded 250,000 Options and Kim Suter has been awarded 200,000 Options on the same terms as all other employees. Garry Jones has been awarded 200,000 Options on different terms in accordance with the terms of his agreement entered into when he assumed the role as Non-Executive Chairman of the Company.\n \nIn the past twelve months, a total of 1,008,286 share options have lapsed due to share performance conditions associated with previously awarded share options not being achieved for employees who continue to be employed within the Group, together with share options automatically being forfeited when employees have ceased to be employed within the Group.\n \nThe Options awarded have an exercise price of 40 pence per share and will lapse, to the extent not exercised, on 21 August 2034. The Options awarded to employees, including Dan Carter and Kim Suter, vest at the end of a three year period from the date of grant being 21 August 2024, subject to continued employment, whilst the Options awarded to Garry Jones vest in two tranches of 50% on 7 March 2025 and 50% on 7 March 2026, this being the first and second anniversary respectively of his appointment as Non-Executive Chairman of the Company. \n \n\n\n\n\n\n\n\nCurrent shareholding\n\n\nExisting Options over Ordinary Shares\n\n\nAward of Options over Ordinary Shares\n\n\nTotal Options over Ordinary Shares following the grant\n\n\nTotal Options as a % of the issued share capital\n\n\n\n\nGarry Jones\n\n\n276,471\n\n\n49,342\n\n\n200,000\n\n\n249,342\n\n\n0.69%\n\n\n\n\nDan Carter\n\n\n6,757\n\n\n182,997\n\n\n250,000\n\n\n432,997\n\n\n1.39%\n\n\n\n\nKim Suter\n\n\n31,494\n\n\n371,466\n\n\n200,000\n\n\n571,466\n\n\n1.78%\n\n\n\n\n \nFol...