Exercise of Options

3 Nov 2005 16:47

Stanelco PLC03 November 2005 Stanelco Plc Exercise of options and PDMR transactions in shares Stanelco Plc ("the Company") has today issued 4,455,830 ordinary shares of 0.1peach in the Company ("Ordinary Shares"), representing 0.48% of the issuedOrdinary Share capital, following the exercise of options by a number of Groupemployees. Of these, 1,113,958 Ordinary Shares have been issued to Mr Michael Feast (PDMR),Technical Director of Stanelco RF Technologies Ltd, on exercise of share optionsat an exercise price of 1.975p per share. Following the issue Mr Feast hasdisposed of 556,979 Ordinary Shares at 14p and following the disposal he isinterested in 556,979 Ordinary Shares (0.06%). In addition, Mr Feast continuesto have an interest in 461,110 share options. An application has been made to the London Stock Exchange and the UK ListingAuthority for these shares to be admitted to the official list and to trading onthe main market of the London Stock Exchange. Dealings are expected to commence on 9 November 2005. Contact Details Robert Duggan Company Secretary 02380 867100 This information is provided by RNS The company news service from the London Stock Exchange