Grant of Options

RNS Number : 8689E

Gas Turbine Efficiency PLC

01 October 2008

 



1 October 2008

Gas Turbine Efficiency plc

('GTE' or 'the Company')

Grant of Options

GTE announces that it has today granted options over a total of 251,922 ordinary shares in the Company to non-executive directors and employees at an exercise price of 26p per share. The options are exercisable from 22 April 2009 and will expire on the seventh anniversary of the grant date. Options were granted to non-executive directors of the Company as follows:

Name	Number of options granted	Exercise Price	Total number of options held
John Bryant	86,538	26p	86,538
Charles Cameron	57,692	26p	57,692
Otto Lagarhus	57,692	26p	57,692

In aggregate, 3,294,422 options, representing 4.55% of the Company's present issued share capital of 72,397,594 shares, have been granted to directors and employees.

Enquiries:

Gas Turbine Efficiency plc
Steven Zwolinski, CEO	[phone]
Libertas Capital
Aamir Quraishi, Anthony Rowland	[phone]
Corfin Communications
Neil Thapar, Harry Chathli, Alexis Gore	[phone]

 

END

 

 

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