Director/PDMR Shareholding

 

TIDMIDA 
 
RNS Number : 9815T 
IdaTech PLC 
07 October 2010 
 

 
 
For immediate release 
                                        7 October 2010 
 
                                  IdaTech PLC 
                          Director / PDMR Shareholding 
 
IdaTech plc ("The Company") announces that Harol Koyama (Chief Executive), James 
Cooke (Chief Financial Officer) and the Senior Management sold the following 
number of ordinary shares of GBP0.01 each in the Company on 6 October 2010 in 
order to cover the tax liability that crystallizes upon vesting of certain 
Restricted Stock grants: 
 
 
+--------------------+--------------------+--------------------+ 
| Grantee            | Role               |    Ordinary Shares | 
|                    |                    |               Sold | 
+--------------------+--------------------+--------------------+ 
| Harol Koyama       | Chief Executive    |             30,958 | 
+--------------------+--------------------+--------------------+ 
| James Cooke        | Chief Financial    |             42,997 | 
|                    | Officer            |                    | 
+--------------------+--------------------+--------------------+ 
| Senior Management    (as a Group)       |            125,165 | 
+-----------------------------------------+--------------------+ 
|                    |                    |                    | 
| TOTAL              |                    |            199,120 | 
+--------------------+--------------------+--------------------+ 
 
The shares were purchased by the IdaTech Employee Benefit Trust at 60p. 
 
Following the sale of the above, the overall interests of Harol Koyama, James 
Cooke and the Senior Management Team as a Group in the ordinary shares of 
GBP0.01 each in the Company are as follows: 
 
+-------------+-----------+-----------+---------------------------+---------------------------+ 
| Grantee     | Role      |  Ordinary | Restricted Stock Scheme*  | % of Total Fully Diluted  | 
|             |           |    Shares |                           |             Voting Rights | 
|             |           |      Held |                           |                           | 
+-------------+-----------+-----------+---------------------------+---------------------------+ 
| Harol       | Chief     |   451,802 |                   382,879 |                      1.6% | 
| Koyama      | Executive |           |                           |                           | 
+-------------+-----------+-----------+---------------------------+---------------------------+ 
| James Cooke | Chief     |           |                           |                           | 
|             | Financial |   147,769 |                   281,060 |                      0.8% | 
|             | Officer   |           |                           |                           | 
+-------------+-----------+-----------+---------------------------+---------------------------+ 
| Senior Management       |   433,756 |                   751,751 |                      2.3% | 
| (as a Group)            |           |                           |                           | 
+-------------------------+-----------+---------------------------+---------------------------+ 
|             |           |           |                           |                           | 
| TOTAL       |           | 1,033,327 |                 1,415,690 |                      4.7% | 
+-------------+-----------+-----------+---------------------------+---------------------------+ 
 
* Ordinary shares held in the IdaTech Employee Benefit; the voting rights of 
these shares are exercised by the IdaTech Employee Benefit Trust until such 
times as the shares are granted to the Grantee. 
 
For further information please contact: 
+---------------------------------+---------------------------+ 
| IdaTech plc                     | [phone]           | 
+---------------------------------+---------------------------+ 
| Harol Koyama, Chief Executive   |                           | 
| Officer                         |                           | 
+---------------------------------+---------------------------+ 
| James Cooke, Chief Financial    |                           | 
| Officer                         |                           | 
+---------------------------------+---------------------------+ 
|                                 |                           | 
+---------------------------------+---------------------------+ 
Numis Securities Limited                                            +44 (0) 20 
7260 1000 
NOMAD: Michael Meade / Hugh Jonathan 
+---------------------------------+---------------------------+ 
|                                 |                           | 
| Buchanan Communications         | [phone]      | 
+---------------------------------+---------------------------+ 
| Charles Ryland / George Prassas |                           | 
|                                 |                           | 
+---------------------------------+---------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 RDSFMMGGKVDGGZM