Netcall PLC
06 March 2006
6 March 2006
Netcall plc
('Netcall' or 'the Company')
Director's Shareholding
The Company announces that the share option agreements of Henrik Bang,
Chief Executive Officer, have been amended. Following approval at a board
meeting on 6 March 2006, the existing 2,600,000 options over ordinary shares
of 5 pence each ('Ordinary Shares') held by Mr Bang have been cancelled
(2,000,000 exercise price 22.5p and 600,000 exercise price 25p) and options over
2,170,000 Ordinary Shares at an exercise price of 5p have been issued to Mr Bang.
These options vest in tranches, the business day immediately following the
business day on which the mid-market closing price on the AIM market of the
London Stock Exchange ('AIM') of an Ordinary Share in the capital of the Company
has reached a target price for 10 consecutive business days.
The details of the tranches and the target prices are as follows:
Tranche Number of options over Ordinary Shares Target price
First 300,000 30 pence
Second 720,000 35 pence
Third 350,000 40 pence
Fourth 550,000 45 pence
Fifth 250,000 50 pence
The effective rebasing of the options held by Mr Bang was deemed appropriate by
the Remuneration Committee of the Company in order to incentivise Mr Bang and
align his interests with those of shareholders.
Following this amendment Mr Bang holds options over 2,570,000 Ordinary Shares,
which represents approximately 4% of the Company's current issued share capital.
For further enquiries, please contact:
ICIS Limited Tel. 020 7651 8688
Tom Moriarty
About Netcall
Netcall is the leading specialist in callback, auto-messaging and contact
solutions, helping organisations increase profits and productivity while
improving customer satisfaction and employee morale. Based near Cambridge (UK),
the company has over 20 employees and is quoted on the Alternative Investments
Market (AIM), adhering to the disclosure standards required by the London Stock
Exchange.
Netcall's Intelligent Communications PlatformTM (ICP) is at the heart of every
Netcall solution. Using the state of the art communication platform Netcall's
customers can implement a wide range of applications including QueueBuster,
Netcall's flagship product. The platform can either run as a fully-managed
hosted service, or 'in-house' at a customer's premises. The hosted service
enables organisations to access Netcall's solutions on-demand, and is a
low-cost, low-risk start-up with no capital investment required.
This information is provided by RNS
The company news service from the London Stock Exchange
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