AMO.L Regulatory News (AMO)

11 Jun 2008 12:03

11 June 2008

Amino Technologies plc

("Amino" or the "Company")

PDMR / Dealing in Company Shares and Grant of Shares

Amino Technologies plc (LSE: AMO), the Cambridge-based broadband network software and systems group, announces that the following transactions have taken place in respect of the Company's ordinary shares of 1p each ("Ordinary Shares").

Mr Andrew Burke

Following his appointment on 9 June 2008 as Chief Executive of Amino, Mr Andrew Burke acquired on 10 June 2008 an interest in 90,434 Ordinary Shares in the Company at a price of 55 pence per Ordinary Share. Following this transaction, Mr Burke has an interest in 90,434 Ordinary Shares (representing approximately 0.16 per cent. of the issued ordinary share capital of the Company).

On 9 June 2008, Mr Burke was given a conditional share grant of 1,738,892 Ordinary Shares at nil cost (representing approximately 3.00 per cent. of the issued ordinary share capital of the Company) and options over 1,159,261 Ordinary Shares (representing approximately 2.00 per cent. of the issued ordinary share capital of the Company) exercisable at 150 pence per share.  Both grants are subject to achieving performance conditions designed to significantly enhance shareholder value. 

Mr Bob Giddy

Following his transition from Chief Executive, also announced on 9 June 2008, Mr Bob Giddy acquired on 10 June 2008 an interest in 216,181 Ordinary Shares (representing approximately 0.37 per cent. of the issued ordinary share capital of the Company) at a price of 55p per Ordinary Share. Mr Giddy also exercised and sold his options over 1,029,116 Ordinary Shares (representing approximately 1.78 per cent. of the issued ordinary share capital of the Company) on 10 June 2008 at a price of 55 pence per Ordinary Share. Following these transactions, Mr Giddy has an interest in 216,181 Ordinary Shares (representing approximately 0.37 per cent. of the issued ordinary share capital of the Company).

On 10 June 2008, Mr Bob Giddy was granted options over 500,000 Ordinary Shares (representing approximately 0.86 per cent. of the issued ordinary share capital of the Company) exercisable at 54.5 pence per share, being the closing mid-market price per share on 6 June 2008, which are fully vested and further options over 100,000 Ordinary Shares (representing approximately 0.17 per cent. of the issued ordinary share capital of the Company) are exercisable at 62 pence per share and the vesting of these options are subject to the achievement of performance conditions.

Employee Benefit Trust

Amino's Employee Benefit Trust acquired on 10 June 2008 an interest in 2,049,335 Ordinary Shares in the Company (representing approximately 3.54 per cent. of the issued ordinary share capital of the Company) at a price of 55p per Ordinary Share, in respect of its provisions relating to the Company's Employee Share Option Schemes.

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About Amino

Amino Technologies plc (www.aminocom.com) designs and supplies Electronic systems, software and consultancy for IPTV (Telco triple-play applications), on-demand video and in-home multimedia distribution delivered through three operating divisions.

Amino Communications supplies the AmiNET(TM) series of high performance IPTV set-top boxes and gateways for development in the telecommunications, broadcast and hospitality markets. Generally, AmiNET products are supplied with the IntAct(TM) IPTV software stack for customer premises solutions to OEMs enabling them to supply IPTV set-top boxes and gateways for larger scale deployments and the hospitality sector.

Amino is partnered with world-leading companies in systems integration, middleware, conditional access, semi-conductor, head-end systems and browser technologies.