Mondas PLC
27 March 2001
For Immediate Release
27th March, 2001
Mondas Plc
('Mondas' or 'the Company')
The Company announces that it has issued 500 shares to each of the Company's
43 employees (excluding Mondas Plc Directors), in lieu of a £100 (net of tax)
cash bonus. These shares have been issued pursuant to the authority granted
at the extraordinary general meeting held on 3rd October, 2000, and an
application has been made for the admission of 21,500 Ordinary Shares to be
admitted to trading on the Alternative Investment Market ('AIM').
In addition, the Company has also made an application for the admission of
6,000 Ordinary Shares to be admitted to trading on AIM. The shares have been
issued following the exercise of an option over a total of 6,000 Ordinary
Shares at a price of 10p per share, of which 3p is payable by the option
holder and 7p by the Company, pursuant to the rules of the Mondas Employee
Share Option Scheme which was in force at the time of the Company's initial
admission to AIM.
It is expected that dealings in the said shares will commence on 2nd April,
2001.
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