22nd Oct 2007 16:54
Gresham Computing PLC22 October 2007 For immediate release 22 October 2007 Gresham Computing plc ("Gresham" or "the Company") Director/PDMR Shareholding The Company announces that on 22 October 2007 the following executive directorswere granted awards over 5 pence ordinary shares in the Company ("Shares") underthe Company's Executive Option Plan 2007: Andrew Walton-Green (CEO). Number of Shares over which award granted: 750,000;comprising 500,000 basic awards and 250,000 bonus awards. Chris Errington (Finance Director). Number of Shares over which award granted:500,000; comprising 333,333 basic awards and 166,667 bonus awards. Rob Glenn (Sales and Marketing Director). Number of Shares over which awardgranted: 500,000; comprising 333,333 basic awards and 166,667 bonus awards. The awards will be first exercisable, subject to achievement of target shareprice performance conditions, as follows: Between 23 October 2010 and 22 October 2017: one third of the basic awardexercisable (target share price £2.50). Between 23 October 2011 and 22 October 2017: one third of the basic award exercisable (target share price £3.00). Between 23 October 2012 and 22 October 2017: one third of the basic award andall of the bonus award exercisable (target share price £4.00). The awards all have a strike price of £1.15 and no consideration was paid forthe grant of these awards. Following the above transactions: Mr Walton-Green is interested in 677,513 Shares, representing approximately1.282% of the issued share capital of the Company, and holds options over1,057,897 Shares. Mr Errington is interested in 2,268 Shares, representing approximately 0.004% ofthe issued share capital of the Company, and holds options over 500,000 Shares. Mr Glenn holds options over 500,000 Shares. The percentages shown above are based on the Company's issued share capital of52,850,890. Date of notification: 22 October 2007. -ends- For further information, please contact: Gresham Computing plc +44 (0)1489 555500 Chris Errington, Finance Director Financial Dynamics +44 (0)207 831 3113 James Melville-Ross Matt Dixon This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
GHT.L