Grant of Share Options

RNS Number : 7997X

Surface Transforms PLC

21 February 2012

 



21 February 2012

Surface Transforms plc

("Surface Transforms" or the "Company")

Grant of share options

Surface Transforms plc (AIM:SCE), manufacturer of carbon fibre reinforced ceramic materials, announces it has granted options over 521,697 ordinary shares of the Company ("Options") to Dr. Kevin Johnson, CEO and certain employees of the Company.

The Options have been approved with an exercise price of 11.5 pence, being the weighted average closing price 3 days before grant on 15 February 2012.

Name	Number of Options	Exercise Price (p)	Exercise Period
K Johnson	330,000	11.5p	15 February 2015 and 15 February 2022
Employees (various)	191,697	11.5p	15 February 2015 and 15 February 2022

Following the grant of these Options, the Company will have the following options in issue:

Name	Number of Options	Exercise Price	Exercise Period
K Johnson	100,000	21p	30 March 2010 to 29 March 2017
	288,000	18.25p	30 June 2011 to 30 June 2018
	481,707	18.5p	24 September 2011 and 24 September 2018
	345,000	9.0p	01 March 2013 and 01 March 2020
	330,000	11.5p	15 February 2015 and 15 February 2022
D Bundred	300,000*	8.83p	Exercise period ends 14 October 2021
K D'Silva	50,000	21p	30 March 2010 to 29 March 2017
Employees (various)	1,172,663	Various	Various
Total	3,067,370

* The options to David Bundred vest equally over the three year period to 14 October 2013, subject to certain conditions being met.

Enquiries:

Surface Transforms Plc
Dr. Kevin Johnson, CEO	[phone]
David Bundred, Chairman	[phone]
Seymour Pierce Ltd	[phone]
Guy Peters / David Foreman (Corporate Finance)
Paul Jewell (Corporate Broking)

 

END

 

 

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