12th Jun 2006 15:01
Advanced Smartcard Technologies plc12 June 2006 ADVANCED SMARTCARD TECHNOLOGIES Employee Share Options Granted and Exercise of Options Advanced Smartcard Technologies plc, (SMRT) the Scottish based software group specialising in smartcard technology, announces that on 9 June 2006, the Company granted options over 666,666 New Ordinary Shares under the Company's EMI Share Option Scheme. The objective of this scheme is to attract, motivate and retainstaff and to align their objectives with those of shareholders. The options have an exercise price of 4.0p per share and can be exercised at anypoint between 3 July 2009 and 2 July 2016. The Company can also announce that an application has been made to admit totrading on AIM, 309,025 Ordinary Shares resulting from the exercise on 9 June 2006 of employee share options at 0.6472p per Ordinary Share. The new shares are due to be admitted for trading on 16 June 2006. -ends- Date: 12 June 2006For further information contact: Advanced Smartcard Technologies plc 01355 268521David Braddock, Managing DirectorStephen Naylor, Finance Director SVS Securities 020 7638 5600Ian CallawayPeter Manfield cityPROFILE 020 7448 3244Simon CourtenayAndrew Harris ARM Corporate Finance 020 7512 0191Nick Harriss This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SMRT.L