Berkeley Mineral Resources Regulatory News (BMR)

10 Jun 2005 12:30

Tecteon PLC10 June 2005 TECTEON PLC Grant of Share Options Tecteon PLC announces that 39,250,000 share options have been granted to staffand management of the Company at an exercise price of 3.2 pence per share. Thisrepresents the total number of share options which have been granted under theCompany's Enterprise Management Incentive Share Option Scheme, the EchoManagement Unapproved Share Option Scheme and the Tecteon PLC Unapproved ShareOption Scheme. Under the above share schemes, the options are divided into threeequal tranches which are exercisable after 12 months, 24 months and 36 monthsrespectively, from the date of grant. Any options not previously exercised willnormally lapse on the seventh anniversary of the date of grant. The total number of options granted to each director under the above schemesare: Masoud Alikhani, ChairmanNumber of Options: 5,000,000 Amir Nooral, Chief Executive OfficerNumber of Options: 8,500,000 Masoud Ahmadi, Managing DirectorNumber of Options: 7,750,000 Masoud Alikhani, Chairman, Tecteon PLC commented: "I am pleased to announce that we have put in place the share option schemes forthe staff and management, who have contributed so much to the development ofTecteon. These options are granted in appreciation of the effort demonstrated bythe whole team, and as an on-going incentive for their much valued role withinthe company." 10th June 2005 For further information please contact: Amir Nooral, CEO, Tecteon plc Tel: 020 8446 5005 (a.nooral@tecteon.com) Michael Padley/Susan Scott, Bankside Consultants Tel: 020 7444 4140 Editors' Note About Tecteon PLC Established in mid 2001, with its head office in London, UK, Tecteon PLCdevelops and markets voice enhancement software technologies and algorithmsrunning on a range of DSP platforms. Tecteon technologies provide voice quality,comfort listening and hearing protection in wired and wireless voicecommunication systems, ranging from peripheral devices to telecom infrastructureequipment, examples include: Headsets (call centre, personal, police, pilots,military, fire-fighters), telephony (business, SMEs, residential), switches(PSTN, soft-switches, gateways), digital mobile radios, mobilephones, hands-free kits and AV conferencing units. This information is provided by RNS The company news service from the London Stock Exchange