Director/PDMR Shareholding

RNS Number : 7451M

Sarantel Group PLC

04 February 2009

 



4 February 2009

Sarantel Group PLC

(the 'Company')

Cancellation of share options

The Company announces that following a review of all share dealings undertaken by each of its directors in the last 12 months, the Board have noted that the cancellation of options held by David Wither, Chief Executive Officer, and Oliver Leisten, Chief Technology Officer, (the 'Directors') were not announced in accordance with AIM Rule 17.

On 21 January 2009, the Company cancelled options over a total of 313,333 ordinary shares held by David Wither. The options were exercisable at a price of 3 pence per share. In addition, on 25 March 2008, the Company cancelled options over a total of 38,636 ordinary shares held by Oliver Leisten. The options were exercisable at a price of 24.2 pence per share.

The cancellation of Mr Leisten's options was correctly reflected in the report and accounts for the year ended 30 September 2008, which was signed off by the Company's auditors and the Board on 1 December 2008.

Following the cancellation of these options, the Directors' option holdings will be:

	No. of options	Exercise price	Exercise period
David Wither	833,333	7p	4 August 2004 to 3 August 2014
	515,146	7p	4 August 2004 to 3 August 2014
	711,739	7p	5 August 2004 to 4 August 2014
	250,000	7p	1 March 2006 to 28 February 2016
	3,400,000	4.75p	28 April 2008 to 27 April 2018
	3,200,000	1p	11 December 2008 to 10 December 2018
Oliver Leisten	5,675	7p	26 February 2003 to 25 February 2013
	369,500	7p	26 February 2003 to 25 February 2013
	833,325	7p	4 August 2004 to 3 August 2014
	75,351	7p	5 August 2004 to 4 August 2014
	150,000	7p	1 March 2006 to 28 February 2016
	2,100,000	4.75p	28 April 2008 to 27 April 2018
	1,750,000	1p	11 December 2008 to 10 December 2018

Enquiries:

Sarantel
David Wither, Chief Executive Officer	01933 670 560
Sitkow Yeung, Finance Director
John East & Partners Limited	020 7628 2200
John East/Simon Clements
College Hill	020 7457 2020
Adrian Duffield/ Ben Way

Notes to Editors:

Sarantel (www.sarantel.com)

Sarantel is a leader in the design of high-performance miniature antennas for portable wireless applications including hand-held navigation, satellite radio and laptop computers.  

Sarantel's revolutionary ceramic filtering antennas offer dramatically improved performance over existing antenna designs, resulting in a clearer signal, better range and a 90 per cent reduction in the amount of signal radiation absorbed by the body. Because of their smaller size and higher capabilities, Sarantel's antennas enable manufacturers to create innovative high-volume consumer products incorporating technologies such as GPS, Wi-Fi, WiMax, 3G, GPRS, Satellite Radio and Bluetooth.

 

END

 

 

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