13th Apr 2005 14:30
Vernalis PLC13 April 2005 News release Date 13 April 2005 Directors' interests in options over 5p Ordinary Shares Vernalis plc (LSE: VER, NASDAQ: VNLS) announces that, as part of a Company-widegrant of share options, the following options over new ordinary shares of 5peach in the Company were granted to directors on 13 April 2005. Name No. of shares under option Exercise priceS J Sturge 668,014 69.25 penceJ B Hutchison 400,809 69.25 penceJ D Slater 162,455 69.25 penceA J Weir 400,809 69.25 pence The options are exercisable between three and ten years following grant providedthe performance target, which measures share price growth against the FTSE SmallCap Index, has been satisfied. No options will vest if performance is belowmedian; 50 per cent of the shares under option will vest at median and therewill only be full vesting if the Company's share price performance is in theupper quartile (with options vesting pro rata between median and upperquartile). ----ends---- Enquiries: Vernalis plc +44 (0) 118 977 3133Simon Sturge, Chief ExecutiveTony Weir, Chief Financial OfficerJulia Wilson, Head of Corporate Communications Brunswick Group +44 (0) 20 7404 5959Jon ColesWendel Verbeek Safe Harbour statement: this news release may contain forward-looking statementsthat reflect the Company's current expectations regarding future events.Forward-looking statements involve risks and uncertainties. Actual events coulddiffer materially from those projected herein and depend on a number of factorsincluding the success of the Company's research strategies, the applicability ofthe discoveries made therein, the successful and timely completion of clinicalstudies, the uncertainties related to the regulatory process, the successfulintegration of completed mergers and acquisitions and achievement of expectedsynergies from such transactions, and the ability of the Company to identify andconsummate suitable strategic and business combination transactions. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Vernalis PLC