KRM22 plc
("KRM22", the "Group" or the "Company")
Issue of Restricted Stock Units
KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, announces that on 30 May 2025 the Company issued a total of 2,025,147 Restricted Stock Units ("RSUs") over ordinary shares of 10p each in the Company ( "Ordinary Shares") to employees of the Group including 490,000 RSUs to certain Directors of the Company, being Dan Carter (CEO) and Kim Suter (CFO).
Of the total of 2,025,147 RSUs issued, Dan Carter has been awarded 250,000 RSUs and Kim Suter has been awarded 240,000 RSUs on the same terms as all other employees. Following this award, Dan Carter will have a total of 314,794 RSUs and 412,997 options over Ordinary Shares which, together with his existing shareholding, represents 2.03 per cent of the current issued share capital of the Company whilst Kim Suter will have a total of 308,685 RSUs and 511,466 options over Ordinary Shares which, together with his existing shareholding, represents 2.36 per cent of the current issued share capital of the Company.
The RSUs, which have been issued as part of long-term incentive plans and based on FY24 financial performance, vest on the fifth anniversary of award and are not subject to any future performance conditions.
Following this announcement, KRM22 has 2,451,522 RSUs and 4,077,581 options in issue, representing in aggregate 18.09 per cent of the current issued share capital of the Company.
Of the total 4,077,581 options outstanding, 2,432,581 were awarded during COVID as part of a cost saving and salary sacrifice exercise.
The Company currently has 36,100,195 Ordinary Shares in issue.
For further information please contact:
| KRM22 plc Garry Jones, Chairman Dan Carter, CEO Kim Suter, CFO
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| Cavendish Capital Markets Limited (Nominated Adviser and Sole Broker) Stephen Keys / Isaac Hooper (Corporate Finance) Sunila de Silva (ECM)
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+44 (0)20 7220 0500
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The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
About KRM22 plc
KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.
Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' trading and corporate risk challenges and to manage their entire enterprise risk profile.
Capital markets companies' partner with KRM22 to optimise risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.
KRM22 plc is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.
See more about KRM22 at KRM22.com
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
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| a) |
Name |
Dan Carter |
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| 2. |
Reason for the Notification |
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| a) |
Position/status |
Chief Executive Officer |
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| b) |
Initial notification/Amendment |
Initial notification |
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| 3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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| a) |
Name |
KRM22 Plc |
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| b) |
LEI |
213800IBCSBLSLJ9OD78 |
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| 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 |
Restricted Stock Units over ordinary shares of 10 pence each |
||||
| Identification code |
GB00BFM6WC61 |
|||||
| b) |
Nature of the transaction |
Award under Restricted Share Unit Plan |
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| c) |
Price(s) and volume(s) |
|
||||
| d) |
Aggregated information: · Aggregated volume · Price |
N/A |
||||
| e) |
Date of the transaction |
30 May 2025 |
||||
| f) |
Place of the transaction |
Outside a trading venue |
||||
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
| a) |
Name |
Kim Suter |
||||
| 2. |
Reason for the Notification |
|||||
| a) |
Position/status |
Chief Financial Officer |
||||
| b) |
Initial notification/Amendment |
Initial notification |
||||
| 3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
| a) |
Name |
KRM22 Plc |
||||
| b) |
LEI |
213800IBCSBLSLJ9OD78 |
||||
| 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 |
Restricted Stock Units over ordinary shares of 10 pence each |
||||
| Identification code |
GB00BFM6WC61 |
|||||
| b) |
Nature of the transaction |
Award under Restricted Share Unit Plan |
||||
| c) |
Price(s) and volume(s) |
|
||||
| d) |
Aggregated information: · Aggregated volume · Price |
N/A |
||||
| e) |
Date of the transaction |
30 May 2025 |
||||
| f) |
Place of the transaction |
Outside a trading venue |
||||
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