Grant of Options

RNS Number : 2025W

Futura Medical PLC

23 July 2009

 



For immediate release

23 July 2009

Futura Medical plc

('Futura' or 'the Company')

Grant of Options

Futura Medical plc (AIM: FUM), the pharmaceutical group that develops innovative products for consumer healthcare, announces that it has granted options over a total of 700,000 ordinary shares of 0.2p each in the Company to Directors as detailed below. This grant of options marks the first time since March 2005 that Futura Directors have been awarded options over ordinary shares in the Company.

Director	Number of options granted	Exercise price	Exercise period	Total number of options held following notification	Total number of ordinary shares held
W D Potter	100,000	24.25p	1 Aug 2011 - 31 Jul  2016	100,000	131,098
J H Barder	200,000	24.25p	1 Aug 2011 - 31 Jul 2016	200,000	845,212
D B Davies	200,000	24.25p	1 Aug 2011 - 31 Jul 2016	200,000	532,572
D A Martin	200,000	24.25p	1 Aug 2011 - 31 Jul 2016	400,000	125,000

The main vesting condition of the options is that the Directors remain employed with the Company as at the date of exercise. Derek Martin received 100,000 options on 9 July 2007 and 100,000 options on 20 June 2008 prior to his becoming a Director of the Company. James Barder holds 416,500 shares as a non beneficial interest.

For any further information please contact:

Futura Medical plc
James Barder, Chief Executive	Tel: [phone]
mail to: [e-mail]	www.futuramedical.co.uk
Canaccord Adams
Ryan Gaffney / Adria Da Breo-Richards	Tel: [phone]
For media enquiries please contact:
Buchanan Communications
Mark Court / Rebecca Skye Dietrich / Stasa Filiplic	Tel: [phone]

Notes to Editors

Futura Medical plc

Futura Medical is a pharmaceutical group that develops innovative products for consumer healthcare. The Company is developing a portfolio of products and its strategy is to license their manufacture and distribution to major pharmaceutical and healthcare groups.

Futura is based in Guildford, Surrey, and its shares trade on the AIM market of the London Stock Exchange.

www.futuramedical.co.uk

 

END

 

 

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