6th Nov 2009 11:39
Director's Interest in Shares and Share Options
IPSO Ventures plc ("IPSO" or the "Company") today announces that the following award has been made under the IPSO Ventures Long Term Incentive Plan ("LTIP").
|
LTIP: number of shares awarded |
Total shares over which options are held |
Percentage of issued shares under option |
|
|
Simon Nicholas Haworth |
970,590 |
970,590 |
7.63% |
The awards are nil-cost options. The LTIP awards are subject to certain performance conditions and vest in three tranches on the first, second and third anniversary of the award.
This award is in recognition of Simon Haworth becoming a full time employee of IPSO and his commitment to establishing a head hunting and human capital revenue stream within the Company.
Simon Haworth is also interested in 529,410 shares representing 4.16 per cent. of the issued share capital of the Company.
In addition to the above, options have been granted to eligible employees over a further 120,000 shares.
Following the above grant, the total number of options outstanding over the Company's share capital is 1,371,119 (representing approximately 10.77 per cent. of the current issued share capital of the Company).
For further information, please contact:
|
IPSO Ventures plc Simon Hunt, Executive Chairman Nick Rodgers, Chief Executive Officer |
Tel: 020 7921 2990 www.ipsoventures.com |
|
Ambrian Partners Limited Samantha Harrison |
Tel: 020 7634 4712 |
|
Old Park Lane Capital plc Michael Parnes |
Tel: 020 7493 8188 |
|
Rawlings Financial PR Limited Catriona Valentine |
Tel: 01653 618 016 www.rawlingsfinancial.co.uk |
Company description:
IPSO creates commercial value from technology and its business model is entirely demand driven. It works closely with its industrial collaborators to identify the demand for new, innovative technologies and then, through its strong relationships with research institutions, sources technologies which could meet those needs. Much of this technology requires considerable further work by IPSO before it can be sold to industry as a developed product. IPSO creates businesses and provides expertise, strategic direction, human and seed capital, as well as corporate finance advice.
For industrial collaborators, IPSO provides a mechanism to identify and develop technologies which could be of significant value to their businesses, and removes the risk to them of acquiring raw, unproven and undeveloped technology.
For research institutions, IPSO provides greater certainty that their technology will find commercial success.
Related Shares:
PPG.L