Business
Director share purchase and issue of share options
Director share purchase and issue of share options.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 9607D Sarantel Group PLC 31 March 2011 \n \n\n31 March 2011\n \nSarantel Group PLC \n \nDirector share purchase and issue of share options\n \nDirectors shareholding \n \nSarantel Group PLC, (\"the company\" or \"the Group\" or \"Sarantel\") announces that on 29 March 2011 David Wither, Chief Executive Officer, purchased 1,000,000 A Ordinary Shares at 1.10p per share. Following the purchase of these shares, his share holding is 2,100,079, representing 0.5 per cent of the issued share capital of the Company.\n \n \nIssue of share options\nSarantel Group PLC announces that on 29 March 2011, 4,000,000 contingent rights to receive shares and options over 465,789 ordinary shares were granted to directors of the Company as set out below:\n\n\n\n\nDirector\n\n\nNumber\n\n\nExercise Price\n\n\nScheme\n\n\n\n\nGeoff Shingles\n\n\n465,789\n\n\n1.10p\n\n\nUnapproved Share Option Scheme\n\n\n\n\nDavid Wither\n\n\n2,500,000\n\n\n1p\n\n\nLTIP\n\n\n\n\nOliver Leisten\n\n\n1,500,000\n\n\n1p\n\n\nLTIP\n\n\n\n\nThe contingent rights to receive shares have been granted under the Company's Long Term Incentive Plan and the options have been granted under the Company's Unapproved share option scheme. The contingent rights for David Wither and Oliver Leisten may be exercised based on achieving certain financial performance targets relating to profitability of the Group. The share options for Geoff Shingles may be exercised as to 50% immediately and 50% within a year of the grant date. \n \nEnquiries\n\n\n\n\nSarantel\n\n\n\n\n\n\n\nDavid Wither, Chief Executive Officer \n\n\n01933 670 560\n\n\n\n\n\n\n\n\n\n\n\n\nSeymour Pierce \n\n\n\n\n\n\n\nJohn Cowie/Freddy Crossley, Nominated Adviser\n\n\n020 7107 8000\n\n\n\n\nDavid Banks/Paul Jewell, Corporate Broking\n \n\n\n\n\n\n\n\nCollege Hill \n\n\n\n\n\n\n\nKay Larsen/Rozi Morris\n\n\n020 7457 2020\n\n\n\n\n\n \nAbout Sarantel www.sarantel.com\nSarantel is a leader in the design of high-performance miniature antennas for portable wireless applications. 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...