Exercise of Options

11 Jan 2008 17:01

Phorm Inc11 January 2008 11 January 2008 Phorm, Inc. ("Phorm" or the "Company") Exercise of Options The Company (AIM: PHRM and PHRX) announces that 29,166 share options over commonshares of $0.001 each in the capital of the Company were exercised by employeeson 10, January 2008. Application has been made for 29,166 common shares to be admitted to trading onAIM. The shares will rank pari passu with existing common shares and it isexpected that admission is expected to occur at 8.00am on 17 January, 2008.Following the issue of these shares the Company will have 12,165,390 votingcommon shares in issue, none of which are in treasury. For Enquiries Phorm, Inc. +44 870 405 7722Kent Ertugrul (Chairman & Chief Executive) Citigate Dewe Rogerson +44 20 7638 9571Simon RigbyJustin Griffiths Canaccord Adams Limited +44 20 7050 6500Nominated AdviserMark WilliamsAndrew Chubb This information is provided by RNS The company news service from the London Stock Exchange