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Andor Technology plc (AND)

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Friday 31 January, 2014

Andor Technology plc

Additional Listing and Director/PDMR Shareholding

RNS Number : 0594Z
Andor Technology plc
31 January 2014
 



31 January 2014

Exercise of Share Options by persons discharging managerial responsibilities

Andor Technology plc ("Andor" or the "Company") announces that, following the offer by OINTH for the entire issued and to be issued share capital of the Company, Conor Walsh, Donal Denvir and other employees of Andor have returned Forms of Instruction indicating that they wish to accept the offer made to holders of share options in the Company under which their options would be exercised using a cashless exercise facility and they would accept the offer in relation to their resulting shares (the "Exercise and Acceptance Offer").

Consequently, 1,354,500 ordinary shares of 2 pence each in the capital of the Company have been issued and allotted to Conor Walsh, Donal Denvir and other employees of Andor (the "Shares"). Accordingly, application has been made for the Shares to be admitted to trading on the AIM Market of the London Stock Exchange, which is expected to take place on 6 February 2014.

In connection with the Exercise and Acceptance Offer in relation to options under the Andor Technology Limited Enterprise Management Scheme (the "EMI Scheme") and the Andor Technology plc 2009 Long-Term Incentive Plan (the "LTIP"), the Board of Andor has been notified that Conor Walsh and Donal Denvir received the beneficial interest of and/or the legal interest in ordinary shares in the Company as detailed below:

Director

Number of shares acquired under the EMI Scheme (approved) at an exercise price of 92.5p

Number of shares acquired under the EMI Scheme (unapproved) at an exercise price of 92.5p

Number of shares acquired under the LTIP at an exercise price of 2p

Resultant holding

Conor Walsh

6,984

183,016

130,000

320,000 shares representing 0.96% of the issued share capital of the Company

Donal Denvir

108,108

141,892

96,000

346,000 shares representing 1.04% of the issued share capital of the Company

On admission, the issued share capital of the Company will consist of 33,374,996 ordinary shares of 2 pence each with ISIN GB00B043J741. All of these shares carry voting rights of one vote per share. The Company does not currently hold any shares in treasury. Words and expressions defined in the offer document sent to Andor Shareholders on 17 December 2013 (the "Offer Document") shall, unless the context provides otherwise, have the same meanings in this announcement.

Enquiries:


Investec Bank plc (NOMAD and broker to Andor)

Tel: +44 (0) 20 7597 4000

Keith Anderson

Dominic Emery

 


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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