Image Scan Holdings PLC Granting of Share Options (3717K)

TIDMIGE

RNS Number : 3717K

Image Scan Holdings PLC

06 July 2017

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain

This announcement contains inside information

Image Scan Holdings plc

("Image Scan" or the "Company")

Granting of Share Options

Image Scan Holdings plc (AIM: IGE), specialists in the field of X-ray imaging for the security and industrial inspection markets, announces it has granted options to subscribe for 1,560,000 new ordinary shares of one pence each in the Company ("Ordinary Shares") ("Options"). The Options have been granted to certain of the Company's executive directors and staff under the Image Scan Enterprise Management Incentives Share Option Plan and non-executive directors under an unapproved scheme.

The Options have an exercise price of 6.25 pence, a three year vesting period and expire on the tenth anniversary of the date of the grant.

The Options granted include the following in respect of directors of the Company:

 
                                     Existing                 Existing Options 
                  Number of New       Options Under            under Unapproved 
                   Options Granted    EMI                      Scheme 
----------------  -----------------  -----------------------  -------------------------------- 
William Mawer               440,000         2,000,000                         1,500,000 
----------------  -----------------  -----------------------  -------------------------------- 
Vincent Deery               440,000         2,300,000                                        - 
----------------  -----------------  -----------------------  -------------------------------- 
Timothy Jackson              50,000                        -    600,000 
----------------  -----------------  -----------------------  -------------------------------- 
Richard Leaver              50,000     -                                         600,000 
----------------  -----------------  -----------------------  -------------------------------- 
 

Following the grant of the Options, the total number of options outstanding over Ordinary Shares is 11,495,000 equivalent to 8.48% of the Company's existing issued share capital.

For further information on the Company, please visit www.ish.co.uk and for further information on the products, please visit: www.3dx-ray.com

Enquiries

 
Image Scan Holdings plc          [phone] 
Bill Mawer, Chairman and         [e-mail] 
 Chief Executive Officer 
Sarah Atwell King, Company 
 Secretary 
 
Cantor Fitzgerald Europe         [phone] 
(Nominated Adviser and 
 Broker) 
Rick Thompson / Michael 
 Reynolds (Corporate Finance) 
Alex Pollen (Sales) 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 06, 2017 11:04 ET (15:04 GMT)