Last checked at 23 Jul 2009 16:20
| 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: +44 (0) 1483 685 670 |
| mail to: james.barder@futuramedical.co.uk | www.futuramedical.co.uk |
| Canaccord Adams | |
| Ryan Gaffney / Adria Da Breo-Richards | Tel: +44 (0) 20 7050 6500 |
| For media enquiries please contact: | |
| Buchanan Communications | |
| Mark Court / Rebecca Skye Dietrich / Stasa Filiplic | Tel: +44 (0) 20 7466 5000 |
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