9th Jun 2014 16:07
LONDON (Alliance News) - NetScientific PLC Monday said it has entered into a new service agreement with Peter Thoms, a director of the company.
The biomedical and healthcare technology investment company said the agreement is terminable on six months notice by either party.
NetScientific said that following the agreement, Thoms has been awarded options to acquire up to 119,673 shares on or after September 14, 2014 and up to a further 119,674 shares on or after September 16, 2015.
It said that these options replace the unvested 239,347 options granted to Thoms previously, and are exercisable at the IPO placing price of 160 pence per share but only vesting as and when the Remuneration Committee decides.
NetScientific shares closed 1.6% lower Monday, at 124.00 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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