23rd Dec 2005 08:29
Synchronica PLC23 December 2005 For immediate release, 23 December 2005 Synchronica plc ("Synchronica" or "the Company") Grant of Options to Directors London, 23 December 2005 - Synchronica, an international developer and providerof mobile device management and synchronisation solutions, announces that it hasoffered options to all Synchronica employees under the Company's EnterpriseManagement Incentive Plan (the "Share Option Plan"), The following options were granted to directors: David Wickham, ChairmanDesignate, - 200,000 options, Carsten Brinkschulte, Chief Executive Officer, -400,000 options and Terry Page, Chief Operating Officer, - 200,000 options. All of the employee and Director option awards have an exercise price of 27p,being the average of the closing mid-market price of the Company's shares forthe three days preceding the awards and carry the following additionalconditions regarding the exercise of these options: • The options may be exercised in total after the third anniversary of the award date, 21 December 2005 (the "Award date"), if the prevailing share price in the Stock Market exceeds 60p (the "Threshold Price") or • Option holders may exercise, cumulatively, one third of their total award on or after the first, second and third anniversary of the Award Date provided the prevailing share price in the Stock Market exceeds the Threshold Price. The awards are part of Synchronica's planned incentivisation of its managementand staff following the restructuring announced earlier this year. Commenting on the awards, Carsten Brinkschulte, CEO of Synchronica, said," Inorder to succeed in global markets, we need all members of the team to be wellmotivated. These awards provide us with the mechanism to tie individualperformance to the creation of value for all shareholders." -ends- For more information please visit www.synchronica.com or contact: Carsten Brinkschulte Nicole Meissner, CMOSynchronica plc Synchronica plcTel: +44 1580 830 033 Tel: +44 1580 830 033 Simon Hudson / Clemmie CarrTavistock CommunicationsTel: +44 20 7920 3150 Notes to Editors About Synchronica plc Synchronica focuses on SyncML synchronisation and device management solutionsfor mobile operators, device manufacturers, and enterprises. The Company offersa complete SyncML product portfolio ranging from data synchronisation (DS) todevice management (DM) and firmware update over-the-air (FOTA). Synchronica hasa strong track record in the SyncML space, including the launch of the world'sfirst SyncML DM FOTA server with a leading European device manufacturer. TheSynchronica SyncML Gateway provides over-the-air synchronisation ofSyncML-enabled mobile phones with corporate Microsoft Exchange servers. Headquartered in the UK with offices in Berlin and Washington D.C. Synchronicais a public company listed on the London Stock Exchange. More information isavailable at www.synchronica.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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