Director/PDMR Shareholding
January 09 2006 - 12:51PM
UK Regulatory
RNS Number:6771W
March Networks Corporation
09 January 2006
9 January 2006
March Networks Corporation ("March" or the "Company")
Issue of Equity and Directors Dealings
The Company has been informed that as of January 6, 2006 the following issues of
equity common shares ("Common Shares") have occurred in relation to payment of
Director's fees in lieu of cash compensation:
Director Period of Services Date of issuance Number of
Common Shares
issued
Chris Burke February 28, 2005 January 5, 2006 2,934
to April 4, 2006
Peter Charbonneau February 16,2005 January 5, 2006 2,454
to January 4, 2006
Joe Culp October 5, 2005 January 5, 2006 374
to January 4, 2006
David Homer October 5, 2005 January 5, 2006 585
to April 4, 2006
Ian McLaren October 5, 2005 January 5, 2006 638
to April 4, 2006
Simon Gibson October 5, 2005 January 5, 2006 478
to April 4, 2006
Patrick Smith October 5, 2005 January 5, 2006 425
to April 4, 2006
Terence Matthews October 5, 2005 January 5, 2006 1,276
to April 4, 2006
Directors' compensation will be paid out in stock until such time as a Director
owns 5 times his annual retainer in March Networks stock. Once a Director owns 5
times his annual retainer in March Networks stock, each Director has the option
to be paid in stock or cash. Compensation is to be paid out quarterly commencing
upon election at the annual general meeting of shareholders. Accordingly,
payments are or will be calculated on the following dates: October 5, 2005,
January 5, 2006, April 5, 2006 and July 5, 2006.
As of January 6, 2006, the following additional Directors dealings have also
occurred:
Exercised options over Common Shares
Director Date Number of Exercise Price
options per share
exercised
Ian McLaren 4 January 2006 1,400 $4.00
Patrick Smith 3 January 2006 1,200 $4.00
Patrick Smith 4 January 2006 3,700 $5.00
Patrick Smith 4 January 2006 10,000 $17.50
Patrick Smith 6 January 2006 1,200 $17.50
Disposal of Common Shares
Director Date Number of Sale price per
shares sold share
Ian McLaren 4 January 2006 1,400 C$32.60
Patrick Smith 3 January 2006 1,200 C$32.80
Patrick Smith 4 January 2006 13,700 C$32.6484
As a result of these transactions the Directors interests are as follows as of
January 6, 2006:
Director Number of Number of Number of
Common Shares shares held as options held
held a percentage of
the current
issued share
capital
Chris Burke 10,934 0.069 % 3,250
David Homer 585 0.004 % 4,000
Ian McLaren 20,638 0.126 % 11,800
Joe Culp 4,517 0.028 % 12,700
Patrick Smith 3,401 0.021 % 5,900
Peter Charbonneau 42,350 0.259 % 3,333
Peter Strom Nil 0.0 % 192,500
Simon Gibson 478 0.003 % 4,000
Terry Matthews 4,649,249 28.415 % 11,032
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSBRGDBSSGGGLC
March Networks (LSE:MNW)
Historical Stock Chart
From Jul 2024 to Aug 2024
March Networks (LSE:MNW)
Historical Stock Chart
From Aug 2023 to Aug 2024