Corero Network Regulatory News (CNS)

27 Apr 2006 07:00

For immediate release 27 April 2006 Mondas Plc ("Mondas" or the "Company") Directors' shareholdings The Company announces that on 26 April 2006, Mr Peter Waller, Mr Jarlath McGeeand Mr Ian Selby were granted 75,276, 602,212 and 376,382 options respectively,over ordinary shares of 10p each ("Ordinary Shares"). For Mr McGee and Mr Selbythese replace all previously issued options, which have now been cancelled. Theoptions have an exercise price of 18.5p being the closing mid market price on26 April 2006. Mr Waller, Mr McGee and Mr Selby now hold a total of 75,276,602,212 and 376,382 options respectively.The options have been granted under the rules of the Company's EnterpriseManagement Incentive scheme, under which 25 per cent. will vest after 12 monthsfrom the date of grant with the remainder vesting over the following threeyears. Mr Waller's options will not qualify for the associated tax benefits ashe is not a full time employee.On 26 April 2006, Ian Selby transferred 34,782 Ordinary Shares from hispersonal shareholding to his Self Invested Pension Fund at 18.75p per share. MrSelby also purchased 10,000 Ordinary Shares on the same date at 19.28p.Following these transactions Mr Selby is beneficially interested in 191,553Ordinary Shares, representing 0.53 per cent. of the issued share capital of theCompany.ENDMONDAS PLC