i-documentsystems Group PLC
03 September 2003
3 September 2003
i-documentsystems group plc ('the Company' or 'IDOX')
Notification of Interests of Directors and Exercise of Options
IDOX announces that Tim Bowen, the Company's Chief Operating Officer and Chief
Financial Officer, today exercised options over 1,375,000 1p ordinary shares in
the Company at a price of 5p per share. These shares will rank pari passu with
all existing ordinary shares in issue. Application has been made for the new
ordinary shares to be admitted to the Alternative Investment Market of the
London Stock Exchange plc and dealings are expected to commence on 4 September
2003. In order to fund the exercise of these options and associated costs, Mr
Bowen has agreed to sell 938,500 ordinary shares to an institutional investor on
4 September 2003 at a price of 10p per share.
Following these transactions, Mr Bowen's holding will have increased to
2,300,000 ordinary shares in the Company, representing 1.5% of the Company's
enlarged issued ordinary share capital.
-End-
For further information, please contact:
John Wisbey, Chairman 020 7353 5330
Andrew Fraser, Chief Executive 020 7427 0660
Alasdair Robinson, Noble & Company Limited 0131 225 9677
Nadja Vetter, CardewChancery 020 7930 0777
This information is provided by RNS
The company news service from the London Stock Exchange
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