Phorm Exercise of Options

Date : 14/05/2008 @ 16:45
Source : UK Regulatory (RNS and others)
Stock : Phorm Inc (PHRM)
Quote : 712.5  -112.5 (-13.64%) @ 16:02
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Phorm Exercise of Options

    RNS Number : 4723U
  Phorm Inc
  14 May 2008
   

    Phorm, Inc.
    ("Phorm" or the "Company")
    Exercise of options


    The Company (AIM: PHRM and PHRX) announces that 13,639 share options over common shares of
$0.001 each in the capital of the Company
("Common Shares") were exercised by employees on 12 May 2008. 

    Application has been made for the 13,639 Common Shares issued pursuant to the option
exercise to be admitted to trading on AIM.  

    The shares will rank pari passu with existing Common Shares and it is expected that
admission will occur at 8.00am on 20 May, 2008. 

    Following the issue of these shares the Company will have 13,844,863 voting common shares
in issue, none of which are in treasury. 


    For Enquiries: 

 Phorm, Inc.                                 +44 870 405 7722 
 Kent Ertugrul (Chairman & Chief Executive)

 Citigate Dewe Rogerson                      +44 20 7638 9571 
 Simon Rigby
 Justin Griffiths

 Canaccord Adams Limited                     +44 20 7050 6500 
 Nominated Adviser
 Mark Williams
 Andrew Chubb

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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