Issue of Equity, TVR & Extension of Options
Kromek Group plc has issued 40,000 ordinary shares following the exercise of options by a former employee, and has extended the exercise period for 150,000 options held by Executive Director Berry Beumer from 30 April 2026 to 31 May 2026. Following the share issuance, the total number of ordinary shares in issue will be 655,136,840, which will be used as the denominator for shareholder notification calculations.
Select text to share a quote on X · sign in to keep highlights & notes in your KMK notes
Kromek (AIM: KMK), a global detection company delivering best-in-class solutions for the advanced imaging and CBRN detection markets, announces that it has issued and allotted 40,000 ordinary shares of 1p each in the Company ("Ordinary Shares") following the exercise of options by a former employee who retired from the Company and is classified as a good leaver.
The Company also announces that it has agreed to extend the exercise period of certain share options granted to Berry Beumer, an Executive Director of the Company, as follows:
| Director | Number of options | Exercise price | Grant date | Original expiry date | New expiry date |
|---|---|---|---|---|---|
| Berry Beumer | 150,000 | 1.0p | 29 April 2021 | 30 April 2026 | 31 May 2026 |
The extension was granted due to the original expiry date coinciding with a close period and the PDMR status of Mr Beumer would prevent him from potentially exercising these options.
Total voting rights
Application has been made to the London Stock Exchange for the 40,000 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective at 8 a.m. on or around 7 May 2026. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company.
Following Admission, the total number of Ordinary Shares in issue will be 655,136,840. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Kromek is listed on AIM, a market of the London Stock Exchange, under the trading symbol 'KMK'.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.