6 Nov 2008 11:47
RNS Number : 6047H
Crimson Tide PLC
06 November 2008
Crimson Tide Plc
Grant of Share Options
6 November 2008
Crimson Tide plc announces that on 5 November 2008 it granted options to employees over 7,000,000 ordinary shares in the Company at an exercise price of 1p per share. These options have been issued under the Company's EMI Share Option Scheme.
These EMI options are exercisable between the second and tenth anniversaries of the date of grant provided that the target share price is achieved, being a bid price of 2.5p in the preceding 5 business days.
All options were issued to employees of the Company, no options were issued to Directors.
Enquiries:
| Crimson Tide Plc Barrie Whipp, Executive Chairman | Tel: 01892 542 444 |
| W.H. Ireland Katy Birkin | Tel: 0121 265 6330 |
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Crimson Tide (TIDE)