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Last checked at 
7 Feb 2011 09:42
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Physiomics plc
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(the "Company" or "Physiomics")
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Issue of Options
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The Company confirms that as part of his contract of employment entered into on 6 December 2010, Physiomics agreed to issue share options to Mark Chadwick, Chief Executive Officer of the Company.
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A total of 24,980,625 share options over ordinary shares in the Company ("Options") have now been granted to Mark under the Enterprise Management Initiative Scheme ("EMI"). The options are exercisable at a price of 0.27p each.
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The options can be exercised when certain performance conditions are satisfied as defined below:
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Β·; 4,996,125 options are exercisable after 6 June 2011 assuming satisfactory completion byΒ Mark of the first 6 months of his employment at the Company; and
Β·; the remaining 19,984,500 options are exercisable in tranches of 4,996,125 shares on theΒ satisfaction of commercial conditions intended to achieve pre-defined goals and sustain improvements in company performance.Β
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If all these options were to be exercised they would represent 2.5% of the current issued share capital of the Company.
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Enquiries:
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Physiomics plcΒ
Dr Paul Harper, Chairman
+44 (0) 7747 842446
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WH Ireland Limited
Katy Mitchell
+44 (0) 161 832 2174
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