Andor Technology plc Additional Listing and Director/PDMR Shareholding (0594Z)

TIDMAND

RNS Number : 0594Z

Andor Technology plc

31 January 2014

31 January 2014

Exercise of Share Options by persons discharging managerial responsibilities

Andor Technology plc ("Andor" or the "Company") announces that, following the offer by OINTH for the entire issued and to be issued share capital of the Company, Conor Walsh, Donal Denvir and other employees of Andor have returned Forms of Instruction indicating that they wish to accept the offer made to holders of share options in the Company under which their options would be exercised using a cashless exercise facility and they would accept the offer in relation to their resulting shares (the "Exercise and Acceptance Offer").

Consequently, 1,354,500 ordinary shares of 2 pence each in the capital of the Company have been issued and allotted to Conor Walsh, Donal Denvir and other employees of Andor (the "Shares"). Accordingly, application has been made for the Shares to be admitted to trading on the AIM Market of the London Stock Exchange, which is expected to take place on 6 February 2014.

In connection with the Exercise and Acceptance Offer in relation to options under the Andor Technology Limited Enterprise Management Scheme (the "EMI Scheme") and the Andor Technology plc 2009 Long-Term Incentive Plan (the "LTIP"), the Board of Andor has been notified that Conor Walsh and Donal Denvir received the beneficial interest of and/or the legal interest in ordinary shares in the Company as detailed below:

 
                 Number of shares   Number of shares 
                  acquired under     acquired under    Number of shares 
                  the EMI Scheme     the EMI Scheme     acquired under 
                  (approved)         (unapproved)       the LTIP at 
                  at an exercise     at an exercise     an exercise 
 Director         price of 92.5p     price of 92.5p     price of 2p       Resultant holding 
--------------  -----------------  -----------------  -----------------  ------------------ 
                                                                          320,000 shares 
                                                                           representing 
                                                                           0.96% of the 
                                                                           issued share 
                                                                           capital of 
 Conor Walsh     6,984              183,016            130,000             the Company 
--------------  -----------------  -----------------  -----------------  ------------------ 
                                                                          346,000 shares 
                                                                           representing 
                                                                           1.04% of the 
                                                                           issued share 
                                                                           capital of 
 Donal Denvir    108,108            141,892            96,000              the Company 
--------------  -----------------  -----------------  -----------------  ------------------ 
 

On admission, the issued share capital of the Company will consist of 33,374,996 ordinary shares of 2 pence each with ISIN GB00B043J741. All of these shares carry voting rights of one vote per share. The Company does not currently hold any shares in treasury. Words and expressions defined in the offer document sent to Andor Shareholders on 17 December 2013 (the "Offer Document") shall, unless the context provides otherwise, have the same meanings in this announcement.

 
 Enquiries: 
 Investec Bank plc (NOMAD and broker to   Tel: [phone] 
  Andor)                                   4000 
 Keith Anderson 
  Dominic Emery 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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