SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1) Name of company
BRIGHT STATION PLC
2) Name of director
ROBERT KURT LOMNITZ
3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18 or in respect of
a non-beneficial interest
DIRECTOR NAMED IN 2
4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
PRUDENTIAL - ACCOUNT DESIGNATION NOT DISCLOSED
5) Please state whether notification relates to a person(s) connected with the
Director named in 2 above and identify the connected person(s)
N/A
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
SHAREHOLDING AND OPTIONS HELD ON APPOINTMENT TO THE BOARD
7) Number of shares/amount of
stock acquired
N/A
8) Percentage of issued class
N/A
9) Number of shares/amount
of stock disposed
N/A
10) Percentage of issued class
N/A
11) Class of security
ORDINARY SHARES OF 1p EACH
12) Price per share
N/A
13) Date of transaction
N/A
14) Date company informed
22 DECEMBER 2000
15) Total holding following this notification
95,000 ORDINARY SHARES OF 1p EACH
16) Total percentage holding of issued class following this notification
DE MINIMIS
If a director has been granted options by the company please complete the
following boxes
17) Date of grant
APPROVED OPTIONS - 04/05/2000
UNAPPROVED OPTIONS - 04/05/2000
LTIP AWARD OF RESTRICTED SHARES - 29/09/2000
18) Period during which or date on which exercisable
APPROVED OPTIONS - 04/05/2003 TO 04/05/2010
UNAPPROVED OPTIONS - 04/05/2003 TO 04/05/2007
LTIP AWARD OF RESTRICTED SHARES - 29/09/2003 TO 29/10/2003
19) Total amount paid (if any) for grant of the option
N/A
20) Description of shares or debentures involved: class, number
APPROVED OPTIONS - 32,000 ORDINARY SHARES OF 1p EACH
UNAPPROVED OPTIONS - 23,000 ORDINARY SHARES OF 1p EACH
LTIP AWARD OF RESTRICTED SHARES - 382,353 ORDINARY SHARES OF 1p EACH
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
APPROVED OPTIONS - 93.5p
UNAPPROVED OPTIONS - 93.5p
LTIP AWARD OF RESTRICTED SHARES - FIXED AT TIME OF EXERCISE
22) Total number of shares or debentures over which options held
following this notification
437,353 ORDINARY SHARES OF 1p EACH
23) Any additional information
Release of the Restricted Share Awards detailed herewith is contingent upon
achievement of both of the following performance criteria as determined by the
Remuneration Committee of Bright Station plc:
1. Final Average Share Price at Restricted Period
end of Restricted Period
Less than 180p 0%
180p 25%
Between 180p and 220p Proportionate Release between 25% and 100%
220p or over 100%
2. Additionally, in order for the Awards to vest, the performance of the Bright
Station share price over the Restricted Period must equal or exceed the
performance of the techMARK All Share Index for the same period.
FOLLOWING THE APPOINTMENT OF ROBERT LOMNITZ TO THE BOARD OF BRIGHT STATION PLC,
IT IS CONFIRMED THAT MR LOMNITZ HAS HELD NO OTHER DIRECTORSHIPS OF PUBLICLY
QUOTED COMPANIES AT ANY TIME IN THE PREVIOUS FIVE YEARS. THERE ARE NO DETAILS TO
DISCLOSE IN RESPONSE TO PARAGRAPHS 6.F.2(b) TO (g) OF THE LISTING RULES.
24) Name of contact and telephone number for queries
JONATHAN BALL 020 7930 6900
25) Name and signature of authorised company official responsible for
making this notification
JONATHAN BALL COMPANY SECRETARY
Date of Notification 27 DECEMBER 2000