Rns share options1 Oct 2021 22:04
1 October 2021
Provexis plc
('Provexis' or the 'Company')
Grant of Share Options
Provexis, the business that develops, licenses and sells the proprietary, scientifically-proven Fruitflow® heart-health functional food ingredient, announces that it has today awarded a total of 10,000,000 options ('Options') over ordinary shares of 0.1 pence each in the Company ('Ordinary Shares') under the Provexis 2005 share option scheme to certain scientific, sales and marketing consultants to the Company.
These Options will have an exercise price of 0.80 pence, being the closing mid-market price on 30 September 2021. The Options are exercisable, subject to vesting, between 1 April 2024 and 10 years from the date of grant.
Following the issue of the new Options, the total number of Ordinary Shares under option which could be issued if all of the performance criteria are met is 178,500,000 Ordinary Shares, representing 8.1 per cent. of the Company's issued share capital.
For further information please contact:
Provexis plc
Ian Ford, CEO
Dawson Buck, Chairman
Tel: 07490 391888