Screen Technology Group plc
01 August 2007
Screen Technology Group plc (the "Company" or "Screen Technology")
Director Holdings
1 August 2007
The Board of Screen Technology yesterday approved the grant of options over
1,630,449 ordinary shares of 5p in the Company to Tom Jarman, the Company's
Chief Executive. The grant of options is in accordance with Mr Jarman's
employment contract signed in November 2006.
The options are due to vest over a three year period. The vesting period and the
exercise prices are as follows;
543,483 at an exercise price of 5p and which vest immediately
543,483 at an exercise price of 14.5p and which vest on 01 April 2008
543,483 at an exercise price of 14.5p and which vest on 01 April 2009
The Board is also pleased to announce that yesterday Tom Jarman subscribed for
40,000 new ordinary shares of 5p at a price of 14.5p per share (the
"Subscription Shares") representing approximately 0.1 per cent. of the entire
issued share capital of the Company. Tom Jarman now holds 140,000 ordinary
shares of 5p each in the Company, representing approximately 0.4 per cent. of
the Company's issued ordinary share capital. The Subscription Shares will rank
pari passu with the existing ordinary shares. Application has been made for the
Subscription Shares to be admitted to trading on AIM and dealings are expected
to commence on 7 August 2007. Following admission of the Subscription Shares to
trading on AIM the Company's total number of ordinary shares of 5p in issue will
be 35,251,470.
Furthermore Mr Jarman has a carried interest in a fund managed by MTI Partners
Limited which owns approximately 49.9 per cent. of the issued share capital in
the Company.
Enquiries:
Screen Technology Group Plc 01223 559600
Tom Jarman, Chief Executive
Nominated Adviser & Broker
Charles Stanley Securities
Russell Cook / Henry Fitzgerald-O'Connor, 020 7149 6000
This information is provided by RNS
The company news service from the London Stock Exchange
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