4th Feb 2010 17:41
|
FOR IMMEDIATE RELEASE |
4 February 2010 |
TYRATECH, INC.
("TyraTech" or "the Company")
Award of Share Options 4 February 2010
TyraTech, Inc. (AIM: TYR), a leading independent novel eco-technology company for human, animal and environmental health, announces that on 4 February 2010, a total of 625,000 Stock Appreciation Right ("SAR") options over shares of common stock in the Company with a par value of $0.001 per share ("Common Shares") have been awarded as part of the 2007 Equity Compensation Plan award scheme as follows:
|
Name |
Position |
Number of Options Granted |
Total Options Held |
Current Common Share Holding |
Current Total Holdings (inc. Options held) of Issued Common Share Capital (%) |
|
A.J. Reade |
Executive Chairman (Director) |
550,000 |
550,000 |
69,200 |
2.81% |
|
K.E. Bigsby |
Chief Financial Officer (Director) |
75,000 |
187,353 |
172,161 |
1.63% |
The options vest for Mr. Reade over the next year and those granted to Mr. Bigsby between one year and four years from the date of grant. The options can be exercised no later than ten years from the date of vesting. The exercise price is 10.5p (which is the closing middle market share price on the date of grant).
For further information please contact:
For further information please contact:
TyraTech Inc.
Alan Reade, Executive Chairman +1 (321) 4097724
Keith Bigsby, Chief Financial Officer +1 (321) 409 7714
www.tyratech.com
Nomura Code Securities
Clare Terlouw / Chris Golden +44 (0)20 7776 1200
www.nomuracode.com
Buchanan Communications
Lisa Baderoon/ Catherine Breen / Stasa Filiplic +44 (0)20 7466 5000
www.buchanan.uk.com
Related Shares:
Tyratech