30th Jun 2006 08:03
Applied Optical Technologies PLC30 June 2006 Applied Optical Technologies plc (the "Company") Directors' shareholdings and awards under Long Term Incentive Schemes Applied Optical Technologies plc, the supplier of high qualityanti-counterfeiting technologies and services, is pleased to announce thepurchase of shares by two Directors under the Company's bonus scheme. MarkTurnage and Mike Angus both acquired 10,000 shares from The AH LTIP Trust on 29June 2006 at a price of 39.5p each. Other members of the management teampurchased 10,000 shares under the scheme. Shares purchased under the share scheme will be matched by the Company on aone-for-one basis. These matching shares vest with the individuals in threeyears time subject to continued employment, continued ownership of the originalshares and satisfaction of performance conditions (the same performanceconditions as those for the LTIS below). On the same day a total of 47,300 matching shares were awarded for nilconsideration under the same scheme. These shares match those purchased in 2003and were awarded following the satisfaction of the relevant performanceconditions. Mark Turnage and Mike Angus were awarded 20,000 and 15,000 sharesrespectively. The Company also announces that on 29 June 2006 it made initial awards of485,500 ordinary shares of 5p each under the Company's Long Term IncentiveScheme ("the LTIS Scheme"). The awards are conditional upon growth in theCompany's reported earnings per share (adjusted for the effects of goodwill,exceptional items and amounts written off investments) being equal to or greaterthan the sum of the retail price index measure of inflation plus 15 per centover the three years ending 31 March 2009. Directors Mark Turnage and Mike Angus have been granted initial awards of 85,000and 65,000 shares respectively. On the same day a total of 120,000 shares awarded in 2003 under the LTIS Schemevested following the satisfaction of the relevant performance conditions. MarkTurnage and Mike Angus received 25,000 and 20,000 shares respectively. Following all of these transactions Mark Turnage now holds 1,476,876 shares andMike Angus now holds 248,922 shares. These holdings represent 2.77 % and 0.47%of the Company's issued share capital respectively. The AH LTIP Trustee CompanyLimited now holds 2,572,107 shares, representing 4.82% of the Company's issuedshare capital. Enquiries: Applied Optical Technologies plc: 0191 417 5434Mike Angus, Finance Director:Mark Turnage, Chief Executive Oriel Securities Limited: 0207 710 7600Andrew Edwards Weber Shandwick Square Mile: 020 7067 0700Nick Oborne/Stephanie Badjonat This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
OSG.L