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Gresham Computing (GHT)

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Wednesday 30 April, 2008

Gresham Computing

Director/PDMR Shareholding

Gresham Computing PLC
30 April 2008


For immediate release                                              30 April 2008

                              Gresham Computing plc
                           ('Gresham' or 'the Company')
                            Director/PDMR Shareholding


Director option award

The Company announces that on 29 April 2008, Eric Sepkes (Executive Chairman)
was granted option awards over 5 pence  ordinary shares in the Company
('Shares') under the Company's Executive Option Plan 2007 as follows:

Number of Shares over which award granted: 400,000, comprising 266,667 basic
awards and 133,333 bonus awards. The awards will be first exercisable, subject
to achievement of target share price performance conditions, as follows: Between
29 April 2011 and 28 April 2018: one third of the basic award exercisable
(target share price £2.50). Between 29 April 2012 and 28 April 2018: one third
of the basic award exercisable (target share price £3.00). Between 29 April 2013
and 28 April 2018: one third of the basic award and all of the bonus award
exercisable (target share price £4.00). These awards all have a strike price of
62.25 pence and no consideration was paid for the grant of these awards.


After this notification, Mr Sepkes holds options over a total of 400,000 Shares.

Date of notification: 29 April 2008.

                                     -ends-


For further information, please contact:


Gresham Computing plc                          +44 (0)1489 555500
Chris Errington, Finance Director






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