Business
Issue of Equity and Directors' Dealings
Issue of Equity and Directors' Dealings.
About this update from Srt Marine Systems Plc
[{"type":"text","content":"\n \n Software Radio Technology plc (\"SRT\" or the \"Company\") \n\n Issue of Equity and Directors' Dealings \n\nThe Directors of SRT announce that on 12 July 2007 the Company received notices\nof exercise from two directors in relation to options over an aggregate of\n1,040,000 ordinary shares at an exercise price of 1p per share. The shares\nresulting from the exercise of options have today been issued and allotted.\n\nThe options were exercised by the following directors:\n\n Options exercised Percentage of\n enlarged issued share\n capital\n \nSimon Tucker 940,000 1.06\n \nMatthew Rogers 100,000 0.11\n\nThe shares resulting from the exercise of options represent the entire holding\nof each director in the Company.\n\nFollowing the issue of the new shares, there are 88,850,892 ordinary shares of\n0.1p of SRT in issue with each share carrying the right to one vote. There are\n11,352,850 warrants to subscribe for ordinary shares in issue.\n\nApplication will be made for the new shares to be admitted to AIM. It is\nexpected that admission will occur on 18 July 2007.\n\nEnquiries:\n\nSoftware Radio Technology plc 01761 409500\n \nMatthew Rogers \n \nHanson Westhouse Limited 0113 246 2610\n \nTim Feather / Matthew Johnson\n ","length":2087,"tagName":"div"}]