21 Oct 2010 15:22
TYRATECH, INC.
("TyraTech" or "the Company")
Award of Share Options21 October 2010
TyraTech, Inc. (AIM: TYR), a leading independent novel eco-technology company for human, animal and environmental health, announces that on 20 October 2010, a total of 1,545,125 Stock Appreciation Right ("SAR") options over shares of common stock in the Company with a par value of $0.001 per share ("Common Shares") have been awarded as part of the 2007 Equity Compensation Plan award scheme as follows:
Name | Position | NumberofOptionsGranted | TotalOptionsHeld | CurrentCommonShareHolding | CurrentTotal Holdings (inc. Options held) of Issued Common Share Capital (%) |
A.J. Reade | Executive Chairman
| 995,125 | 1,545,125 | 3,759,308 | 11.24 |
J Hills | Non Executive Director | 200,000 | 200,000 | 0 | 0.42 |
B Riley | Non Executive Director | 200,000 | 200,000 | 1,255,556 | 3.08 |
P Regan | Non Executive Director | 150,000 | 150,000 | 566,674 | 1.52 |
The options vest for Mr. Reade on 4 February 2011, subject to the Grantee's continued service through the vesting date and those granted to Mr. Hill, Mr. Riley and Mr. Regan vest on the one year anniversary of the grant date subject to the Grantee's continued service through the vesting date. The exercise price is 25p (which is the closing middle market share price on 19 October 2010).
For further information please contact:
TyraTech Inc.
Alan Reade, Executive Chairman +1 (321)097724
Keith Bigsby, Chief Financial Officer +1 (321) 409 7714
www.tyratech.com
Brewin Dolphin
Matt Davis/Iain Marlow +44 (0)845 213 4730
www.brewincorporate.co.uk
Buchanan Communications
Lisa Baderoon/ Tim Anderson/Jessica Fontaine +44 (0)20 7466 5000
www.buchanan.uk.com
Tyratech (TYR)