Grant of Options

RNS Number : 3768J

Evocutis PLC

02 April 2015

 

                                                                                                                                                                                                 2 April 2015

Evocutis plc

("Evocutis", or "the Company")

Grant of Options

Evocutis plc (AIM: EVO) announces that it has today granted options to subscribe for, in aggregate, 30,000,000 ordinary shares of 0.01p each to three directors, pursuant to the terms of the Company's share option scheme.

The table below shows the details of the options granted to directors:

Director	Number of options granted	Exercise Price
David Lenigas	10,000,000	0.22p
Donald Strang	10,000,000	0.22p
Hamish Harris	10,000,000	0.22p

All of these options vest now and lapse on the 1 April 2020. 

Following the grant of options, the total number of options outstanding over ordinary shares is 32,650,840, equivalent to 4.5% of the Company's existing issued share capital. 

For further information, please contact:

Evocutis Plc
David Lenigas/Donald Strang	[phone]
Cairn Financial Advisers LLP
James Caithie/Carolyn Sansom	[phone]

 

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