6 Mar 2014 07:00
TYRATECH, INC.
("TyraTech" or "the Company")
Award of Share Options6 March 2014
TyraTech, Inc. (AIM: TYR), a natural life sciences company, announces that on 4 March 2013, a total of 2,500,000 Stock Appreciation Right options over common shares of US$0.001 in the Company ("SARs"), were awarded to the directors of the Company (the "Award").
Of the SARs awarded, Bruno Jactel, Alan Reade, Barry Riley and James Hills, directors of the Company, were awarded 1,500,000, 500,000, 250,000 and 250,000 SARs, respectively.
The Company now has a total of 10,676,909 SARs outstanding over Common shares.
Following the Award:
Bruno Jactel is interested in 1,859,567 Common Shares representing an interest of 0.90 per cent. of the total voting rights of the Company. In addition, Bruno Jactel is interested in 1,500,000 SARs in the Company as follows:
Options Held | Option Exercise Price | Expiry Date |
1,500,000 | 12.5p | 4 March 2024 |
Alan Reade is interested in 12,486,358 Common Shares representing an interest of 6.06 per cent. of the total voting rights of the Company. In addition, Alan Reade is interested in 3,145,695 SARs in the Company as follows:
Options Held | Option Exercise Price | Expiry Date |
500,000 | 12.5p | 4 March 2024 |
1,000,000 | 6p | 25 April 2022 |
100,570 | 12p | 6 March 2022 |
550,000 | 10.5p | 4 February 2020 |
995,125 | 12p | 10 October 2020 |
Barry Riley is interested in 3,055,556 Common Shares in the Company representing an interest of up to 1.48 per cent. of the total voting rights of the Company. In addition, Barry Riley is interested in 800,000 SARs in the Company as follows:
Options Held | Option Exercise Price | Expiry Date |
250,000 | 12.5p | 4 March 2024 |
350,000 | 6p | 25 April 2022 |
200,000 | 12p | 10 October 2020 |
James Hills is interested in 1,047,900 Common Shares in the Company representing an interest of up to 0.51 per cent. of the total voting rights of the Company. In addition, James Hills is interested in 800,000 SARs in the Company as follows:
Options Held | Option Exercise Price | Expiry Date |
250,000 | 12.5p | 4 March 2024 |
350,000 | 6p | 25 April 2022 |
200,000 | 12p | 10 October 2020 |
TyraTech, Inc.
Alan Reade, Executive Chairman Tel: +1 919 415 4310
Peter Jerome, Chief Financial Officer Tel: +1 919 415 4280
SPARK Advisory Partners Limited, Nominated Adviser Matt Davis Tel: +44203 368 3552
Mark Brady Tel: +44203 368 3551
Allenby Capital Limited, Joint BrokerChris Crawford Tel: +44 20 3328 5656
Whitman Howard Limited, Joint BrokerRanald McGregor Smith / Niall Devins Tel: +44 20 7087 4555
Walbrook, Financial PR and IRBob Huxford /Guy McDougall (Public Relations) Tel: +44 20 7933 8792Paul Cornelius (Investor Relations) Tel: +44 20 7933 8794