20 Jul 2007 10:02
Software Radio Technology plc ("SRT" or the "Company") Grant of Options
The Directors of SRT announce that on 19 July 2007 the Company granted options over 500,000 ordinary shares of 0.1p each to Neil Peniket, a Director of SRT. The first tranche of 250,000 options will vest on 1 October 2007 and are exercisable when the share price of the Company has exceeded 60p for 30 consecutive calendar days. The second tranche will vest on 1 October 2008 and are exercisable when the share price of the Company has exceeded 80p for 30 consecutive calendar days. The exercise price for both tranches of options is 42p and the options have an exercise period of 10 years from the vesting date.
Enquiries:Software Radio Technology plc 01761 409500Matthew Rogers Hanson Westhouse Limited 0113 246 2610Tim Feather / Matthew Johnson
SOFTWARE RADIO TECHNOLOGY PLC
Srt Marine Sys. (SRT)