Intec Telecom Systems PLC Director/PDMR Shareholding
Intec Telecom Systems PLC (the “Company”)
Directors and Persons Discharging Managerial Responsibility (PDMRs) Shareholdings.
This information is provided pursuant to DTR3.1.4R(1)(a)
Share option scheme transactions
The Company has been notified that the following PDMRs entered into transactions in the Company’s Ordinary Shares of 1p each (“Shares”), pursuant to entitlements under the Company’s share option scheme:
Date of Sale
Price of options (pence)
Sale Price (pence)
* Shares allotted and sold
2 February 2010
29 January 2010
*A share appreciation rights mechanism has been applied to share options exercised, whereby the number of shares allotted is equivalent to the estimated net gain on the exercise. Consequently, the number of shares allotted is less than the number of share options exercised.
Directors and PDMRs are required to build a shareholding in the Company.
Following the transactions detailed above, the PDMRs’ interests in the Company’s shares, share options and LTIP awards are set out below:
Number of Shares held
Percentage of issued share capital
Number of options held
Number of conditional LTIP awards held
Published: 17:15 CET 08-02-2010 /HUGIN /Source: Intec Telecom Systems Plc /LSE: ITL /ISIN: GB0006725062