Director/PDMR Shareholding

RNS Number : 7451M
Sarantel Group PLC
04 February 2009
 



4 February 2009


Sarantel Group PLC

(the 'Company')


Cancellation of share options


The Company announces that following a review of all share dealings undertaken by each of its directors in the last 12 months, the Board have noted that the cancellation of options held by David Wither, Chief Executive Officer, and Oliver Leisten, Chief Technology Officer, (the 'Directors') were not announced in accordance with AIM Rule 17.

On 21 January 2009, the Company cancelled options over a total of 313,333 ordinary shares held by David Wither. The options were exercisable at a price of 3 pence per shareIn addition, on 25 March 2008, the Company cancelled options over a total of 38,636 ordinary shares held by Oliver Leisten. The options were exercisable at a price of 24.2 pence per share.


The cancellation of Mr Leisten's options was correctly reflected in the report and accounts for the year ended 30 September 2008, which was signed off by the Company's auditors and the Board on 1 December 2008.


Following the cancellation of these options, the Directors' option holdings will be:



No. of options

Exercise price


Exercise period

David Wither 

833,333

7p

4 August 2004 to 3 August 2014


515,146

7p

4 August 2004 to 3 August 2014


711,739

7p

5 August 2004 to 4 August 2014


250,000

7p

1 March 2006 to 28 February 2016


3,400,000

4.75p

28 April 2008 to 27 April 2018


3,200,000

1p

11 December 2008 to 10 December 2018





Oliver Leisten 

5,675

7p

26 February 2003 to 25 February 2013


369,500

7p

26 February 2003 to 25 February 2013


833,325

7p

4 August 2004 to 3 August 2014


75,351

7p

5 August 2004 to 4 August 2014


150,000

7p

1 March 2006 to 28 February 2016


2,100,000

4.75p

28 April 2008 to 27 April 2018


1,750,000

1p

11 December 2008 to 10 December 2018


Enquiries:


Sarantel 


David Wither, Chief Executive Officer

01933 670 560

Sitkow Yeung, Finance Director




John East & Partners Limited

020 7628 2200

John East/Simon Clements




College Hill

020 7457 2020

Adrian Duffield/ Ben Way



Notes to Editors:

Sarantel (www.sarantel.com)

Sarantel is a leader in the design of high-performance miniature antennas for portable wireless applications including hand-held navigation, satellite radio and laptop computers.  


Sarantel's revolutionary ceramic filtering antennas offer dramatically improved performance over existing antenna designs, resulting in a clearer signal, better range and a 90 per cent reduction in the amount of signal radiation absorbed by the body. Because of their smaller size and higher capabilities, Sarantel's antennas enable manufacturers to create innovative high-volume consumer products incorporating technologies such as GPS, Wi-Fi, WiMax, 3G, GPRS, Satellite Radio and Bluetooth.



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