Grant of Options
24 March 2010 - 6:01PM
UK Regulatory
TIDMPTX TIDMPTXU
RNS Number : 0689J
Protonex Technology Corporation
24 March 2010
24 March 2010
Protonex Technology Corporation ('the Company')
Grant of Options
The Board of the Company announces that on 22 March 2010 it has approved a grant
of options over common shares of the Company pursuant to the Company's 2003
Stock Incentive Plan to the following director:
John Connolly, Chief Financial Officer 349,980
The options are exercisable at $0.55 (approximately 36.5p) and are exercisable
for a period of 10 years. The options are not currently vested and will vest
linearly and with time over the next three years.
Following the above option grants, in aggregate, John Connolly now holds options
over 863,796 common shares of the Company.
For further information:
Enquiries
Protonex
+1 508 490 9960
Scott Pearson, Chief Executive Officer
John Connolly, Chief Financial Officer
Redleaf Communications Limited +44 (0)20
7566 6700
Press and Investor Relations
protonex@redleafpr.com
Paul Dulieu
Piper Jaffray Ltd.
+44 (0)20 3142 8700
Nominated Adviser
Jens Rosebrock
Rupert Winckler
This information is provided by RNS
The company news service from the London Stock Exchange
END
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