Exercise of Options

17 Dec 2007 13:56

Phorm Inc17 December 2007 17 December 2007 Phorm, Inc. ("Phorm" or the "Company") Exercise of Options The Company (AIM: PHRM and PHRX) announces that 25,833 share options over commonshares of $0.001 each in the capital of the Company were exercised by employeeson 11 December, 2007. Application has been made for 25,833 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 21 December, 2007.Following the issue of these shares the Company will have 12,136,224 votingcommon shares in issue, none of which are in treasury. For Enquiries Phorm, Inc. +44 870 405 7722Kent Ertugrul (Chairman & Chief Executive) Edelman Financial PR +44 20 7344 1325Paul Lockstone +44 7876 685200Sorrel Beynon +44 20 7344 1253 +44 7980 687 255 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