Grant of options

22 Oct 2008 17:14



22 October 2008 

Phorm, Inc. ("Phorm" or the "Company") 

Grant of Options 

The Company (AIM: PHRM and PHRX) announces that on 21 October 2008, Steven J Heyer, non-executive Chairman of the Board, was granted options (the "Grant") to acquire 100,000 common shares in the Company (PHRM shares) at an option exercise price of £2.375 per share. 

The options have a 10-year term and will vest in the following manner: 25,000 on 21 October 2008; 25,000 on 21 October 2009; 25,000 on 21 October 2010; and 25,000 on 21 October 2011 subject to his continued Board service. 

Following the Grant, Mr Heyer holds a total of 150,000 options to acquire common shares in the Company.

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