Business
Senior Executive Incentive Package
Senior Executive Incentive Package.
About this update from Genedrive Plc
[{"type":"text","content":"\n \nRNS Number : 8383A Epistem Holdings plc 26 March 2013 \n \n\n \nEpistem Plc\n(\"Epistem\" or \"the Company\")\nSenior Executive Incentive Package\nThe Board of Epistem (AIM: EHP), the rapidly growing biotechnology company, recognises the importance of incentivising and rewarding the performance of its key executives and has asked the remuneration committee to review the long term incentive plan for its senior executives.\nFollowing the recommendation of the remuneration committee, the Company has today made the following awards to Matthew Walls, CEO:\ná the issue of options over 23,758 ordinary shares of £0.015p, representing 0.25% of the current issued share capital of the Company, exercisable at 550p per share, being the current market value of Epistem's shares and based on the Company's standard performance criteria;\ná an enhanced bonus package related to realised shareholder value, with details to be finalized by the remuneration committee for release in due course.\nFor further information contact:\nEpistem Plc\nMatthew Walls, Chief Executive Officer ++44 161 606 7258 \nJohn Rylands, Chief Financial Officer \nPeel Hunt LLP\nNominated Adviser: James Steel/Vijay Barathan ++44 207 418 8900 &nbs...