Intec Telecom Systems PLC
25 July 2006
25 July 2006
Intec Telecom Systems PLC
Share option grant to directors and PDMRs
On 21st July 2006 the following executive directors of Intec Telecom Systems PLC
(the "Company") and other persons discharging managerial responsibility
("PDMRs") for the Company, were granted options entitling them to acquire
ordinary shares of 1 penny in the Company under the Intec Company Share Option
Scheme and the Intec Telecom Systems PLC 2000 Stock Options and Incentive Plan
for United States Employees, as summarised below:
Executive Total number of shares Number of shares covered by Exercise price
Director covered by option option (HMRC approved scheme) per share
Kevin Adams 1,404,761 11,981 42 pence
John Arbuthnott 928,571 - 42 pence
Other Total number of shares Number of shares covered by Exercise price
PDMR covered by option option (HMRC approved scheme) per share
Gary Bunney 866,666 - 42 pence
Craig Preston 619,047 - 42 pence
Peter Deane 588,571 17,857 42 pence
Fred Brott 599,470 - 42 pence
Ian Gordon 714,285 - 42 pence
Andrew Rodaway* 185,666 7,143 42 pence
David Heaps* 238,095 71,428 42 pence
Alan Healey* 231,546 - 42 pence
The options will normally vest and become exercisable annually at the rate of
20%, 30%, 50% , subject to continued employment and the satisfaction of
performance conditions (*options in respect of these individuals will vest
annually at the rate of 33%/33%/34% subject only to continued employment).
In respect of the executive directors, the above notifications are made in
accordance with DR 3.1.4R(1)(a) and (b), and in respect of the other PDMRs named
above, in accordance with DR 3.1.4R(1)(a).
No consideration was paid for the grant of the options and the payment of the
aggregate price is due on the exercise of these options.
Intec Telecom Systems PLC was informed by the executive directors of the above
transactions on 21st July 2006.
Name of contact and telephone number for queries:
Craig Preston, Company Secretary +44 1483 745800
For and on behalf of Intec Telecom Systems PLC.
Craig Preston, Company Secretary
Date: 25th July 2006
This information is provided by RNS
The company news service from the London Stock Exchange
*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.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.