(AIM: SAR) 22 December 2010
SAREUM HOLDINGS PLC
("Sareum" or the "Company")
Issue of Options
The Company announces that it has granted the following share options (the
"Options") to Tim Mitchell (Chief Executive Officer) and John Reader (Chief
Scientific Officer) (together, the "Directors");
 Number of options
Tim Mitchell 6,153,846
John Reader 6,153,846
The Options have been granted with an exercise price of 0.26 pence.
Of the Options granted to each Director, 3,076,923 will vest immediately and are
exercisable until 22 December 2020. The remaining 3,076,923 options will vest,
subject to the discretion of the Remuneration Committee of the Company, on the
date upon which a significant commercial deal is signed by the Company and are
thereafter capable of being exercised until 22 December 2020.
In addition to the options being granted the Directors currently each hold
options over 6,400,000 shares, which were granted on 4 December 2009
Enquires:
Sareum Holdings plc
Tim Mitchell 01223 497 700
Merchant Securities Limited (Nominated Adviser)
Simon Clements/Bidhi Bhoma 020 7628 2200
Hybridan LLP (Broker)
Claire Noyce 020 7947 4350
Notes for editors:
About Sareum Holdings plc
Sareum is a drug discovery company, headquartered in Cambridge UK, that is
focused on producing targeted small molecule therapeutics to address unmet
medical needs, primarily in cancer.
Sareum aims to successfully deliver drug candidates for licensing to
pharmaceutical and biotechnology companies at the pre-clinical or early clinical
trials stage.
Sareum Holdings plc joined the AIM market of the London Stock Exchange in
October 2004, trading under the symbol SAR. Â For further information, please
visitwww.sareum.co.uk
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: SAREUM HOLDINGS PLC via Thomson Reuters ONE
[HUG#1474855]
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.