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NOTICE OF INTENT TO EXERCISE OPTIONS BY DIRECTORS

6th Jan 2011 16:57

RNS Number : 0567Z
DDD Group PLC
06 January 2011
 



6 January 2011

 

DDD GROUP PLC (the "Company")

 

NOTICE OF INTENT TO EXERCISE OPTIONS BY DIRECTORS

 

The Company announces that on 5 January 2011 Mr. Christopher Yewdall, CEO and Executive Director of the Company, expressed his intent to exercise options over 464,476 ordinary shares of 1p each in the Company ("Shares") at 12p per Share. Under the rules of the scheme, Mr. Yewdall is subject to U.S. personal income taxation on an unapproved scheme at the time of the option exercise. With the consent of the Board, Mr. Yewdall has requested that he may sell shares to cover a portion of the costs and taxation relevant to exercises over the previous 12 months. Following the exercise, Mr. Yewdall's interest in the Company will stand at 2,331,808 shares or approximately 1.7% of the issued Ordinary Share capital outstanding.

 

Additionally, Mr. Hans Snook, Non-executive Director of the Company, expressed his intent to exercise options for 250,000 ordinary shares of 1p each in the Company at 12p per Share effective January 8th 2011. Following the exercise, Mr. Snook's interest in the Company will stand at 3,856,652 shares or approximately 2.9% of the issued Ordinary Share capital outstanding.

 

Mssrs. Yewdall and Snook's shares are part of the block admission that was announced on 9 December 2010 and admitted to AIM on 15 December 2010.

 

For the purposes of Disclosure and Transparency Rules, the Company's total issued share capital will increase to 133,332,816 ordinary shares of 1p each, with one voting right per share once the exercises are completed and the allotments are finalised. There are no shares held in treasury. The total number of voting rights in the Company will therefore be 133,332,816.

 

The above figure of 133,332,816 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

 

 

Enquiries

DDD Group

Chris Yewdall, President & CEO

Victoria Stull, Chief Financial Officer

+1 310 566-3340

Brewin Dolphin

Neil Baldwin / Paul Mason

 0131 225 2566

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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