Zen Research PLC
22 December 2000
22 December 2000
Zen Research plc
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Application has been made to the Financial Services Authority and the London
Stock Exchange Plc for a total of 20,000,000 Ordinary shares of 5p each fully
paid('shares') to be admitted to the Official List. It is expected that
admission will be granted on 28 December, 2000 and that dealings will commence
29 December, 2000.
These shares are being reserved under a block listing and will be issued as a
result of the exercise of share options pursuant to the following schemes:
Option Scheme Shares
1996 Stock Incentive Plan 5,691,600
1999 Stock Incentive Plan 4,266,307
1999 Non-Qualified Stock Incentive Plan 3,117,250
Warrant Year of Grant Shares
1996 1,260,000
1997 225,000
1998 1,539,843
2000 3,900,000
When issued, these shares will rank pari passu with the existing Ordinary
shares.
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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