Director/PDMR Shareholding
January 26 2009 - 1:00AM
UK Regulatory
TIDMUTK
RNS Number : 2091M
UTEK Corporation
25 January 2009
UTEK Corporation (the "Company")
Directors' Dealings
On 21 January 2009, the Company received notification from Keith Witter, a
Non-executive Director of the Company, that on 29 May 2008 he pledged 6,015
common shares in the Company as security (along with other assets) against his
margin account with his broker-dealer. The agreement is for an indefinite period
and is not currently in default.
The Company has also received notification from Kwabena Gyimah-Brempong, a
Non-executive Director of the Company, that on 29 March 2007 he pledged 15,000
common shares in the Company as security against a loan with The Bank of Tampa.
The Company was also advised that on 23 June 2008 he pledged an additional 3,500
common shares upon renewal of the same loan. The agreement is for a one year
period and is not currently in default.
The Company has also been advised that on 30 April 2008, Mr Witter exercised
11,015 options over common shares in the Company at $6.99 per share. Following
the exercise of those options, Mr Witter's beneficial holding in the Company
totals 13,315 common shares, representing approximately 0.11% of common shares
issued. In addition, on 31 March 2008, Sam Reiber, an Executive Director of the
Company, exercised 20,000 options over common shares in the Company at $5.84 per
share. Following the exercise of those options, Mr Reiber's beneficial holding
in the Company totals 53,150 common shares, representing approximately 0.44 % of
common shares issued.
Contacts:
UTEK Corporation
Clifford M. Gross, Ph.D.
Tel: +1 813 754 4330 x227
http://www.utekcorp.com
Fairfax I.S. plc
Jeremy Porter
+44 (0)20 7598 5368
This information is provided by RNS
The company news service from the London Stock Exchange
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