22nd Oct 2008 17:14
22 October 2008
Phorm, Inc. ("Phorm" or the "Company")
Grant of Options
The Company (AIM: PHRM and PHRX) announces that on 21 October 2008, Steven J Heyer, non-executive Chairman of the Board, was granted options (the "Grant") to acquire 100,000 common shares in the Company (PHRM shares) at an option exercise price of £2.375 per share.
The options have a 10-year term and will vest in the following manner: 25,000 on 21 October 2008; 25,000 on 21 October 2009; 25,000 on 21 October 2010; and 25,000 on 21 October 2011 subject to his continued Board service.
Following the Grant, Mr Heyer holds a total of 150,000 options to acquire common shares in the Company.
For Phorm Enquiries:
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Kent Ertugrul (Chief Executive) |
+44 20 7297 2481 |
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Lynne Millar (Chief Financial Officer) |
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Citigate Dewe Rogerson |
+44 20 7638 9571 |
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Simon Rigby |
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Justin Griffiths |
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Canaccord Adams Limited |
+44 20 7050 6500 |
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(Nominated Adviser) |
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Mark Williams |
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Andrew Chubb |
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Related Shares:
PHRM.L