TyraTech, Inc. Award of Share Options (3740V)

TIDMTYR TIDMTYRU

RNS Number : 3740V

TyraTech, Inc.

15 April 2016

For immediate release: 15 April 2016

TyraTech, Inc.

("TyraTech" or the "Company")

Award of Share Options

TyraTech, Inc. (AIM: TYR and TYRU), a life sciences technology company focused on nature-derived insect and parasite control products, announces that on 13 April 2016, a total of 2,000,000 Stock Appreciation Right options over common shares of US$0.001 in the Company ("SARs"), were awarded to the directors of the Company (the "Award").

Bruno Jactel, Chief Executive Officer and Jose Barella, Non-Executive Chairman, were awarded 1,500,000 and 500,000, SARs, respectively.

Following the Award:

Bruno Jactel is interested in 2,438,157 Common Shares representing an interest of 0.67 per cent. of the total voting rights of the Company. In addition, Bruno Jactel is interested in 4,500,000 SARs in the Company as follows:

 
 Options Held   Option Exercise   Expiry Date 
                 Price 
-------------  ----------------  ---------------- 
 500,000        6.0p              1 January 2023 
  500,000        12.0p             1 January 2023 
  500,000        15.0p             1 January 2023 
  1,500,000      12.5p             4 March 2024 
  500,000        3.75p             13 April 2026 
  500,000        5.0p              13 April 2026 
  500,000        7.0p              13 April 2026 
-------------  ----------------  ---------------- 
 

The 500,000 SARs granted on 13 April at an exercise price of 3.75p will vest after one year, those granted at an exercise price of 5.0p will vest after two years and those granted at an exercise price of 7.0p will vest after three years from the date of grant.

Jose Barella is interested in 500,000 SARs in the Company at an exercise price of 3.75p vesting after one year from the date of grant and expiring 13 April 2026.

*-ends-*

For further information please visit: www.tyratech.com or contact:

 
TyraTech Inc. 
 Bruno Jactel, Chief Executive       Tel: [phone] 
 Officer                             4340 
 Erica Boisvert, Chief Financial     Tel: [phone] 
 Officer                             4287 
 
  SPARK Advisory Partners Limited 
  (Nominated Adviser)                Tel: [phone] 
  Matt Davis / Mark Brady            3551 
 
  Allenby Capital Limited (Joint 
  Broker)                            Tel: [phone] 
  Chris Crawford                     5656 
 
  Whitman Howard Limited (Joint 
  Broker)                            Tel: [phone] 
  Ranald McGregor-Smith              4555 
 
  Belvedere Communications (PR) 
  John West / Kim van Beeck          Tel: [phone] 
                                     0510 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 15, 2016 07:03 ET (11:03 GMT)