TyraTech, Inc. Award of Share Options (3740V)
15 April 2016 - 9:03PM
UK Regulatory
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: +1 919 415
Officer 4340
Erica Boisvert, Chief Financial Tel: +1 919 415
Officer 4287
SPARK Advisory Partners Limited
(Nominated Adviser) Tel: +44 20 3368
Matt Davis / Mark Brady 3551
Allenby Capital Limited (Joint
Broker) Tel: +44 20 3328
Chris Crawford 5656
Whitman Howard Limited (Joint
Broker) Tel: +44 20 7087
Ranald McGregor-Smith 4555
Belvedere Communications (PR)
John West / Kim van Beeck Tel: +44 20 3567
0510
This information is provided by RNS
The company news service from the London Stock Exchange
END
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