19 August 2008
Sarantel Group plc
("Sarantel" or the "Company")
Issue of share options
The Company announces that it yesterday granted options over 313,333 ordinary shares to David Wither, Chief Executive Officer of the Company.
The options have been granted under the SAYE scheme. The exercise price is 3 pence per share and these options may be exercised at any time after 18 August 2011 and the options shall expire after 10 years from grant.
Following the grant of these options, Mr Wither's option holdings will be:
|
|
No. of options |
Exercise price |
Exercise period |
|
David Wither |
833,333 |
7p |
4 August 2004 to 3 August 2014 |
|
|
515,146 |
7p |
4 August 2004 to 3 August 2014 |
|
|
250,000 |
7p |
1 March 2006 to 28 February 2016 |
|
|
711,739 |
7p |
5 August 2004 to 4 August 2014 |
|
|
3,400,000 |
4.75p |
25 April 2008 to 24 April 2018 |
|
|
313,333 |
3p |
18 August 2008 to 17 August 2018 |
Enquiries:
|
Sarantel |
|
|
David Wither, Chief Executive Officer |
01933 670 560 |
|
Sitkow Yeung, Finance Director |
|
|
|
|
|
John East & Partners Limited |
020 7628 2200 |
|
John East/Simon Clements |
|
|
|
|
|
College Hill |
020 7457 2020 |
|
Adrian Duffield/ Ben Way |
|
Notes to Editors:
Sarantel (www.sarantel.com)
Sarantel is a leader in the design of high-performance miniature antennas for portable wireless applications including hand-held navigation, satellite radio and laptop computers.
Sarantel's revolutionary ceramic filtering antennas offer dramatically improved performance over existing antenna designs, resulting in a clearer signal, better range and a 90 per cent reduction in the amount of signal radiation absorbed by the body. Because of their smaller size and higher capabilities, Sarantel's antennas enable manufacturers to create innovative high-volume consumer products incorporating technologies such as GPS, Wi-Fi, WiMax, 3G, GPRS, Satellite Radio and Bluetooth.