Last checked at 2 Oct 2008 15:17
2 October 2008
Provexis plc
("Provexis" or the "Company")
Grant of Options
Provexis plc, the life-science business that discovers, develops and licenses scientifically-proven functional food, medical food and dietary supplement technologies announces that on 1 October 2008, the Company's Remuneration Committee, approved the grant to Steve Morrison, Chief Operating Officer, of options over 12,000,000 ordinary shares of 0.1p each ("Ordinary Shares") exercisable at 0.9p per share, at any time between 3 and 10 years of the date of grant. The options are subject to a number of performance criteria, including share price appreciation and profitability.
In addition to the above Steve Morrison is beneficially interested in 1,540,000 Ordinary Shares representing 0.19 per cent. of the Company's issued share capital.
ENQUIRIES
Provexis plc Tel: 01753 752 290
Stephen Moon, CEO
Ian Ford, FD
Arbuthnot Securities Limited Tel: 020 7012 2000
Tom Griffiths
Alasdair Younie
END