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Grant of Options to Directors

11 Apr 2013 07:00

RNS Number : 0725C
SCISYS PLC
11 April 2013
 

SCISYS PLC

("SCISYS" or the "Company")

 

Grant of Options to Directors

 

SCISYS PLC, (AIM: SSY), the supplier of bespoke ICT software systems, IT based business solutions and support services to the Media & Broadcast, Space, Government & Defence and Environment sectors, announces that on 9 April 2013 it granted to directors of the Company ("Directors") a total of 80,000 options over new ordinary shares of the Company of 25 pence each (the "Options" and the "Ordinary Shares" respectively).

 

Director

Number of Options

David Jones

20,000

Christopher Cheetham

20,000

Stephen Brignall

20,000

Klaus Heidrich

20,000

 

 

The Options have an exercise price of 63 pence per Ordinary Share, being the closing middle market price on 9 April 2013. The Options are subject to meeting certain performance criteria linked to the earnings growth of the Company and may not be exercised before the end of the close period associated with the announcement of the preliminary final results of the Company for year ending 31 December 2015. The Options expire ten years after being granted.

 

Subsequent to the grant of the Options, the interests in the Company of Directors are as follows:

 

Interest in ordinary shares

Total holding as a % of issued share capital

 

Total interest in Options

Mike Love

4,257,805

14.65

102,300

Steve Brignall

117,096

0.40

155,258

Chris Cheetham

72,000

0.25

155,258

David Jones

152,000

0.52

172,300

Klaus Heidrich

-

-

108,300

Klaus Meng

2,822,366

9.71

-

David Coghlan

-

-

-

Total

7,421,267

25.54

693,416

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enquiries:

 

SCISYS PLC

+44 (0)1249 466 466

Peter Murden

Company Secretary

finnCap (NOMAD & Broker)

+44 (0)20 7220 0500

Stuart Andrews / Henrik Persson

Corporate Finance

Simon Starr

Corporate Broking

 

 

About SCISYS:

Employing nearly 440 staff, SCISYS is a leading developer of Information and Communications Technology services, e-Business and advanced technology solutions. The Company operates in a broad spectrum of market sectors including Media Broadcast, Space, Government & Defence, Environment and Applications Management sectors. SCISYS clients are predominantly blue chip and public sector organizations. Customers include Environment Agency, the Ministry of Defence, Astrium, Arqiva, Cable & Wireless Worldwide, the European Space Agency, Eumetsat, the BBC, RNLI, National Trust and Transport for London. The Company has UK offices in Chippenham, Bristol and Reading and two offices located in Germany. More information is available at www.scisys.co.uk.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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