Exercise of options

13 Jul 2007 13:26

Phorm Inc13 July 2007 13 July 2007 Phorm, Inc. ("Phorm" or the "Company") Exercise of Options The Company (AIM: PHRM and PHRX) announces that 229,212 share options overcommon shares of $0.001 each in the capital of the Company were exercised byemployees on 12th July 2007. Application has been made for 229,212 common shares to be admitted to trading on AIM. The shares will rank pari passu with existing common shares and it isexpected that admission will occur at 8.00am on 19th July, 2007. Following the issue of these shares the Company will have 12,082,496 voting common shares inissue, 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