Intec Telecom Systems PLC
04 July 2006
Intec Telecom Systems PLC
Director/ PDMR Shareholding
London, 04 July 2006 ... Intec Telecom Systems PLC ("Intec" or the "Company"),
a leading supplier of billing software solutions to the global telecoms industr
y, announces that Mr. Kevin Adams, a director and chief executive officer of
Intec, notified the Company on 3rd July that on that date he exercised options
over 538,943 ordinary 1p shares of Intec at an exercise price of 15p per share.
On the same date, Mr Adams also notified the Company that he immediately sold
329,587 of these shares, at a price of 53 pence each, to fund the cost of the
options and the tax liabilities arising from the above exercise.
Following the above transactions, Mr. Adams's total holding of Intec shares has
increased to 3,901,713, which represents 1.28% of the Company's issued share
capital. With the exception of the changes notified above Mr. Adams's
interests in options to subscribe for ordinary shares in Intec are unchanged.
- e n d s -
For more information, please contact:
Craig T Preston, company secretary, Intec Telecom Systems PLC
Tel: +44 (0)1483 745800
This information is provided by RNS
The company news service from the London Stock Exchange
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