29th Dec 2008 10:00
Vernalis PLC
29 December 2008
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
VERNALIS PLC
WINNERSH, U.K 29th December 2008 Vernalis plc (LSE: VER) announces that in accordance with DTR 3.1.2R and following a resolution by the Board of Vernalis plc passed in accordance with share scheme arrangements approved by shareholders, the following options over new ordinary shares of 5p each in the Company were today granted to the new Chief Executive Officer:
Executive No of shares Exercise Price % of Issued Share
Director under option Capital
Ian Garland 9,750,000 5p 2.68%
The options are exercisable between three and ten years following grant provided that the performance conditions of the option scheme are met.
Vernalis plc
+44 (0) 118 977 3133
Dr Peter Fellner
Executive Chairman
Related Shares:
Vernalis PLC