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TIDMSCE
RNS Number : 7997X
Surface Transforms PLC
21 February 2012
21 February 2012
Surface Transforms plc
("Surface Transforms" or the "Company")
Grant of share options
Surface Transforms plc (AIM:SCE), manufacturer of carbon fibre reinforced ceramic materials, announces it has granted options over 521,697 ordinary shares of the Company ("Options") to Dr. Kevin Johnson, CEO and certain employees of the Company.
The Options have been approved with an exercise price of 11.5 pence, being the weighted average closing price 3 days before grant on 15 February 2012.
Name Number of Exercise Exercise Period
Options Price (p)
15 February 2015 and 15 February
K Johnson 330,000 11.5p 2022
Employees 15 February 2015 and 15 February
(various) 191,697 11.5p 2022
Following the grant of these Options, the Company will have the following options in issue:
Name Number of Exercise Exercise Period
Options Price
K Johnson 100,000 21p 30 March 2010 to 29 March 2017
288,000 18.25p 30 June 2011 to 30 June 2018
24 September 2011 and 24 September
481,707 18.5p 2018
345,000 9.0p 01 March 2013 and 01 March 2020
15 February 2015 and 15 February
330,000 11.5p 2022
Exercise period ends 14 October
D Bundred 300,000* 8.83p 2021
K D'Silva 50,000 21p 30 March 2010 to 29 March 2017
Employees 1,172,663 Various Various
(various)
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Total 3,067,370
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* The options to David Bundred vest equally over the three year period to 14 October 2013, subject to certain conditions being met.
Enquiries:
Surface Transforms Plc
Dr. Kevin Johnson, CEO +44 151 356 2141
David Bundred, Chairman +44 7785 388 848
Seymour Pierce Ltd +44 207 107 8000
Guy Peters / David Foreman (Corporate
Finance)
Paul Jewell (Corporate Broking)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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