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:
Name
Date of Sale
Options Exercised
Price of options (pence)
Sale Price (pence)
* Shares allotted and sold
Jacqui Summons
2 February 2010
102,381
42.0p
116p
68,844
Ian Watterson
29 January 2010
224,867
42.0p
115.6p
151,695
*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.
Resultant shareholdings
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:
Name
Number of Shares held
Percentage of issued share capital
Number of options held
Number of conditional LTIP awards held
Jacqui Summons
167,180
0.05%
71,428
560,645
Ian Watterson
17,491
0.006%
–
324,439
Published: 17:15 CET 08-02-2010 /HUGIN /Source: Intec Telecom Systems Plc /LSE: ITL /ISIN: GB0006725062
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