The Company announces it has issued 18,300 ordinary shares in the Company following an exercise of warrants. Following the issue of shares, the Company has 66,064,113 ordinary shares in issue. Application has been made for the new shares to be admitted to trading on AIM and this is expected to take place on 5 February 2008.
In terms of certain employment contracts entered into with employees the Company today issued the following options to staff:
No of Options
Exercise price per ordinary share
First Exercise date
Expiry date
1,000,000
43 pence
12 August 2008
12 August 2012
As a consequence of the issue of options referred to above, the Company now has the following options on issue:
No of Options
Exercise price per ordinary share
First Exercise date
Expiry date
2,883,250
25 pence
10 October 2006
10 October 2010
3,719,222
35 pence
17 October 2008
17 October 2012
1,000,000
43 pence
12 August 2008
12 August 2012
Total number of options on issue is 7,602,472.
