Grant of Options

RNS Number : 0418E

Zytronic PLC

31 March 2011

 



Zytronic plc (the "Company")

Grant of Options

The Company announces that yesterday the Board of Directors approved the grant of options over 140,850 ordinary shares to senior and middle management. The exercise prices of these options are based on the closing mid-market price on 29 March 2011 of 216.0p per share.

In particular, the Board has approved the grant to Mark Cambridge, CEO, of 21,750 share options under its EMI scheme and to Denis Mullan, Finance Director, of 3,100 and 10,000 share options under its EMI scheme and 2011 Unapproved Share Option Plan respectively.

These options were issued at an exercise price of 172.8p, a 20% discount to the closing mid-market price on 29 March 2011 of 216.0p.

Contacts:

Zytronic plc	0191 414 5511
Denis Mullan / Sheila Dean
Brewin Dolphin	0845 213 4730
Neil Baldwin
Buchanan Communications	020 7466 5000
Richard Darby / Isabel Podda

 

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