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Last checked at 
14 Mar 2016 07:00
(AIM: SAR) | 14 March 2016 |
SAREUM HOLDINGS PLC
("Sareum" or the "Company")
Issue of Options
The Company announces that it granted on 11 March 2016 the following share options (the "Options") to Tim Mitchell, Chief Executive Officer, John Reader, Chief Scientific Officer and Paul Harper, Non-Executive Chairman;
Number of options | |
Tim Mitchell | 5,340,862 |
John Reader | 5,340,862 |
Paul Harper | 910,396 |
The Options have been granted with an exercise price of 0.59 pence and are exercisable until 12 March 2026. The Options will vest subject to pre-determined performance criteria.
In addition to the Options being granted, Tim Mitchell and John Reader currently each hold the following options:
Exercise period | Number of options | Exercise price |
4 December 2009 - 4 December 2019 | 6,400,000 | 0.25 pence |
22 December 2010 - 22 December 2020 | 6,153,846 | 0.26 pence |
13 March 2012 - 13 March 2022 | 2,566,666 | 1.2 pence |
18 December 2013 - 18 December 2023 | 4,752,000 | 0.6 pence |
25 November 2014 - 25 November 2024 | 7,198,353 | 0.425 pence |
In addition to the Options being granted, Paul Harper holds the following options:
Exercise period | Number of options | Exercise price |
18 December 2013 - 18 December 2023 | 810,000 | 0.6 pence |
25 November 2014 - 25 November 2024 | 1,227,059 | 0.425 pence |
Enquires:
Sareum Holdings plc | |
Tim Mitchell | 01223 497 700 |
WH Ireland Limited (Nominated Adviser and Co-Broker) | |
Chris Fielding / Nick Prowting | 020 7220 1666 |
Hybridan LLP (Co-Broker) | |
Claire Noyce / William Lynne | 020 3764 2341/2342 |
The Communications Portfolio (Media enquiries) | |
Ariane ComstiveAriane.comstive@communications-portfolio.co.uk | 07785 922 354 |
Notes for editors:
About Sareum Holdings plc
Sareum is a drug discovery and development company delivering targeted small molecule therapeutics, focusing on cancer and autoimmune disease, for licensing to pharmaceutical and biotechnology companies at the preclinical or early clinical trials stage.
Sareum operates an outsourced research model, working with collaborators (SRI International, the CRT Pioneer Fund and Hebei Medical University Biomedical Engineering Center) and a world-wide network of research providers. Its research pipeline includes a programme awaiting final approval to start clinical trials and another undergoing pre-clinical IND-enabling studies.
SKIL® (Sareum Kinase Inhibitor Library) is Sareum's drug discovery technology platform that has so far produced the Company's Aurora+FLT3, Aurora+ALK, VEGFR-3, FLT3 & TYK2 kinase cancer and autoimmune disease research programmes. SKIL® can also generate drug research programmes against other kinase targets.
Sareum Holdings plc is listed on the AIM market of the London Stock Exchange, trading under the symbol SAR. For further information, please visit www.sareum.co.uk
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