25 Jul 2008 12:10
Cellcast plc
('Cellcast' or 'the Company')
Directors' dealings and grant of options
Cellcast plc (AIM:CLTV) has been informed today of the purchase of 1,000,000 shares by SMS Media Limited (a company controlled by Harkness Trading Limited, which in turn is controlled by Andrew Wilson and Bertrand Folliet, respectively CEO and COO of the Company), at a price of 2 pence per share. SMS Media Limited is now interested in 10,680,062 shares in the Company, representing 14.14% of the issued Ordinary Share Capital. The shares were acquired from Neil Craven whose interest is now 14,287,391 shares in the Company, representing approximately 18.92% of the issued Ordinary Share Capital.
The Company also announces that it has granted 400,000 options over Ordinary Shares in Cellcast plc to each of Julian Paul and Michael Neville under the Company's Share Option Plan and to Emmanuelle Guicharnaud under the EMI Scheme. The share options are being issued at an exercise price of 3 pence. The Company has also granted 1,800,000 share options at an exercise price of 3 pence to other key technical and commercial staff. Half of the above options are exercisable after a period of 1 year from the date of grant and the rest 1 year later.