SNS Silanis

TIDMSNS

RNS Number : 6213P

Silanis International Limited

26 October 2012

26 October 2012

Silanis International Limited (the "Company")

The Company announces that on 22 October 2012, pursuant to the terms of the amended and restated 2007 Stock Option Plan of Silanis Technology Inc. ("Silanis"), a total of 100,000 options for exchangeable shares of Silanis ("Exchangeable Shares") have been granted at an exercise price of 25.5 pence each to the following directors of the Company and Silanis:

 
 Non-Executive              Number of       Total number 
  Director            options granted    of Exchangeable 
                                            Shares under 
                                             option held 
------------------  -----------------  ----------------- 
 David Brereton                20,000            225,000 
------------------  -----------------  ----------------- 
 Michael Hunt                  20,000            200,000 
------------------  -----------------  ----------------- 
 Justin LaFayette              20,000            735,000 
------------------  -----------------  ----------------- 
 Vernon Lobo                   20,000            225,000 
------------------  -----------------  ----------------- 
 Jonathan Wener                20,000            225,000 
------------------  -----------------  ----------------- 
 

As at 22 October 2012, including this option grant, there were 65,307,026 Exchangeable Shares and 7,439,166 options for Exchangeable Shares in issue. Pursuant to an Exchangeable Share and Support Agreement (the "Agreement"), each holder of Exchangeable Shares has the right to exchange its Exchangeable Shares for ordinary shares of the Company on a one-to-one basis, subject to the terms of the Agreement.

Full details regarding the exchangeable share structure can be found in Part II of the Company's AIM Admission Document, which is available on the Company's website www.sil-intl.co.uk.

For further details, please contact:

 
Silanis International Limited 
                                 Tel: +1 514 337 5255 
 Tommy Petrogiannis, C.E.O. 
Canaccord Genuity Limited      Tel: +44 (0) 20 7523 
                                8000 
 Simon Bridges 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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