Intec Telecom Systems PLC
25 July 2006
25 July 2006
Intec Telecom Systems PLC (the "Company")
Share option grant to PDMRs
On 21st July 2006 the following persons discharging managerial responsibility
("PDMRs") of the Company, were granted options ("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:
PDMR Total number of Number of shares Exercise price
shares covered covered by option per share
by option (HMRC approved scheme)
Norman Halvorson 217,989 - 42 pence
Chris Mottram 208,452 - 42 pence
Per Martell 161,424 - 42 pence
The options will normally vest and become exercisable annually at the rate of
33%, 33%, 34%, subject to continued employment.
The above notifications are made 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
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