Grant of Options

RNS Number : 7794K

Tracsis PLC

24 August 2012

 



Tracsis plc

("Tracsis" or the "Company")

Grant of options

Tracsis confirms that it was agreed today that 10,162 EMI share options would be issued to Max Cawthra, the Group's Finance Director following a Remuneration Committee meeting on 2 August 2012.

The options were granted under the Company's new Long Term Incentive Scheme Scheme which is available to all members of staff, and offers a choice of foregoing cash bonus for discounted share options.

The options vest in annual intervals over a period of three years, and have an exercise price of 0.4p. Once vested, they are exercisable at any time for a period of 10 years from the date of grant.

For more information please contact:

John McArthur, Tracsis plc	Tel: [phone]
Katy Mitchell, WH Ireland Limited	Tel: [phone]

 

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