19 Oct 2009 07:00
RNS for issue 7am 19-10-09
SciSys PLC
19th October 2009
SciSys plc (AIM:SSY) ("Scisys" or the "Company") announces that, on 28 September 2009, as part of its ongoing commitment to its staff, it offered 2,000 shares to each of the Directors and UK employees. Of the 312 staff extended this opportunity, the Company is pleased to announce that 93% accepted and that application has been made for 578,000 new ordinary shares to be admitted to trading on AIM.
The shares will be issued at 47.50 pence per share pursuant to a subscription by the Trustees of the Company's Share Incentive Plan (the "Trust"). The consideration for the shares will be satisfied by way of a cash gift from the Company to the Trust.
As a result the Trust is now interested in 1,095,622 ordinary shares in the Company representing approximately 3.8% of the issued share capital
As a result of their accepting the offer, the directors' interests have increased as follows:
| Director | Interest in ordinary Shares | Total Interest in Executive Share Ownership Plan (ExSOP) | Total interest in shares | Total holding as a % of issued share capital |
| Mike Love | 4,247,048 | 0 | 4,247,048 | 14.61 |
| David Jones | 152,000 | 0 | 152,000 | 0.52 |
| Chris Cheetham | 72,000 | 0 | 72,000 | 0.25 |
| Steve Brignall | 108,491 | 11,946 | 120,437 | 0.41 |
| Klaus Meng | 2,822,366 | 0 | 2,822,366 | 9.72 |
| Ulrich Reimers | 0 | 0 | 0 | 0 |
| totals | 7,401,905 | 11,946 | 7,413,851 | 25.51 |
Dealings in the new ordinary shares are expected to commence on 21st October 2009 following which the company will have 29,058,275 shares in issue (of which 51,792 are held in treasury).
Peter Murden
Company Secretary
SciSys plc
Tel: 01249 466466
| Canaccord Adams (NOMAD and Broker) |
| Simon Bridges / Kit Stephenson |
| Tel: 0207 050 6500 |