18th Feb 2005 16:38
Glotel PLC18 February 2005 Glotel PLC - Director Shareholding Glotel Plc (the "Company") Pursuant to the Founders' Salary Sacrifice Scheme (the "Scheme") established inFebruary 2002, the terms provide that all options must be exercised currently.Accordingly, notice has been received from thirteen employees of the Company,who are beneficiaries of the Scheme, that they wish to exercise options grantedto them with immediate effect. Les Clark and Andy Baker have therefore sold148,972 and 148,971 ordinary shares of 5p each ("Ordinary Shares") respectivelyat 39p per share. Following the sale of these Ordinary Shares, Les Clark and Andy Baker are nowinterested in 6,573,823 and 9,336,064 Ordinary Shares in the Company, whichrepresents 17.2 per cent. and 24.4 per cent. respectively of the issued sharecapital of the Company. Pursuant to the Scheme, Sir Robin Saxby and Glyn Hirsch, both Directors of theCompany, each received 18,000 Ordinary Shares on 17 February 2005. Followingreceipt of these shares, both Sir Robin Saxby and Glyn Hirsch sold 12,915Ordinary Shares at a price of 105 pence on 17 February 2005. Accordingly, theirinterests in Ordinary Shares of the Company are as follows: Number of Ordinary Shares % Sir Robin Saxby 40,085 0.10 Glyn Hirsch 10,085 0.02 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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