SSY.L Regulatory News (SSY)

4 Jan 2008 09:41

SciSys PLC04 January 2008 SciSys Plc ('SciSys' or the 'Company') Grant of Share Options to Directors On 2nd January 2008, upon the recommendation of the Remuneration Committee ofthe Company the following Directors were granted share options. The grant ofoptions was made under the Company's Enterprise Management Incentive scheme(EMI). The grant was priced at 46.25p per Ordinary Share being the closing priceon 31st December 2007 (the preceding day of trading). These EMI options enable the Directors to benefit only from the future growth inthe value of the Ordinary Shares above 46.25p. The Directors may not normallyrealise any such benefit for three years and the exercising of the options willbe subject to meeting certain performance criteria linked to the earnings growthof the Company. Director Number of options granted at 46.25p per ordinary share Mike Love 35,000David Jones 35,000Christopher Cheetham 51,613Stephen Brignall 51,613 Following these awards the Directors total interests are as follows: Director Interest in Total Interest in Total Interest in Total interest Total holding as a ordinary Executive Share Options granted in shares % of issued share Shares Ownership Plan under EMI scheme capital (ExSOP) Mike Love 3,512,884 22,500 35,000 3,570,384 12.54 David Jones 100,000 0 35,000 135,000 0.47 Christopher 24,000 0 81,613 105,613 0.37Cheetham Stephen 82,013 31,946 99,613 213,572 0.75Brignall Totals 3,718,897 54,446 251,226 4,024,569 14.13 Enquiries: Peter Murden Tel: 01249 466466Company SecretarySciSys Plc This information is provided by RNS The company news service from the London Stock Exchange