Grant of Options

RNS Number : 0726B

Surface Transforms PLC

02 October 2015

 

Surface Transforms plc

("Surface Transforms" or the "Company")

Grant of Options

Surface Transforms (AIM:SCE) announces that it has today granted options over a total of 250,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") (the "Options") to David Bundred, Chairman of the Company.

The Options are exercisable at a price of 15.5p per share, being the closing share price on 1 October 2015 and expire on the tenth anniversary of the date of grant.  125,000 of the Options vest upon requisite grant funding being awarded and 125,000 of the Options vest upon the first automotive OEM supply contract being signed.

Following the grant of these new Options, David Bundred holds a total of 550,000 options over Ordinary Shares and 560,747 Ordinary Shares representing 1.05 per cent of the total number of Ordinary Shares in issue. 

The total number of options now outstanding over Ordinary Shares is 5,181,122 representing 9.74 per cent of the total number of Ordinary Shares in issue.

Enquiries:

Surface Transforms plc

Dr. Kevin Johnson, CEO	[phone]
David Bundred, Chairman	[phone]

Cantor Fitzgerald Europe

David Foreman, Michael Reynolds (Corporate Finance)	[phone]
David Banks, Tessa Sillars (Corporate Broking)	[phone]

 

END

 

 

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