Last checked at 30 Jun 2008 07:05
30 June 2008 Surface Transforms plc ("Surface Transforms" or the "Company") Issue and Surrender of share options
The Company announces that it has today granted options over 386,000 ordinary shares to directors of the Company as set out below:
Dr Kevin Johnson 300,000
Dr Geoff Gould 86,000
The options have been granted under the Company's Enterprise Management Incentive ('EMI') Scheme and the Company's two Inland Revenue unapproved share option schemes for both executives and non executives. The exercise price will be the calculated using the average closing price for the three days ending 2 July 2008, following which a further announcement confirming the exercise price of these options will be made in due course. The options can be exercised at any time between 30 June 2011 and 30 June 2018.
The Company also announces it has received Deeds of Surrender of Share Options from directors of the Company as set out below:
Dr Kevin Johnson 50,000
Dr Geoff Gould 148,377
Following the grants and surrenders detailed above, excluding those issued today, the directors' option holdings will be:
Dr Kevin JohnsonDr Geoff Gould
No. of Exercise options price vesting period 80,000 40p 14 September 2005 to 14 September 2015 100,000 21p 30 March 2007 to 29 March 2017 29,000 40p 14 September 2005 to 14 September 2015 50,000 21p 30 March 2007 to 29 March 2017ENQUIRIES:Surface Transforms plc Geoff Hall Tel: 0151 356 2141 Kevin Johnson John East & Partners Limited Simon Clements Tel: 020 7628 2200 Hansard Group (PR) Tel: 020 7245 1100 John Bick/Chris Roberts Redmayne Bentley (Private Client Broker) Lucy Clapham/Simon Flather Tel: 01943 886600
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