For immediate release
Granting of Share Options
Image Scan Holdings PLC (AIM: IGE) announces today that following the Board
Meeting of 14th September 2005, Mr Nicholas Fox, Dr Simon Godber and Mrs Louise
George, all being directors of the Company, have each been issued 80,000 share
options under the "Image Scan Enterprise Management Incentives Share Option
Plan".
Under the terms of the "Image Scan Enterprise Management Incentives Share
Option Plan", the share options can not be exercised before the 30th September
2008 and will expire after 29th September 2015. The exercise price is £0.15 (15
pence).
Name No. of options granted Existing options Existing shares
Nicholas Fox 80,000 nil 2,486,621
Dr Simon Godber 80,000 80,000 (1) 71,428
Louise George 80,000 10,000 (2) 100,000
The share options were issued as part of the annual appraisal process following
recommendations to the Board. A further 193,000 share options have been issued
to staff members.
Chairman Peter Woods commented: "I am delighted to grant these options to the
executive directors and staff in recognition of their considerable forbearance
in the absence of any pay review in almost two years. Our team continues to be
extremely enthusiastic about the Company, its technology and its long term
prospects."
-ENDS-
Notes
1. On 4th May 2000 Dr Simon Godber was granted 50,000 share options with an
exercise price of 25p. On 1st May 2001 he was granted a further 10,000
share options with an exercise price of 50p. On 14th March 2003 he was
granted a further 20,000 share options with an exercise price of 51.5p.
2. On 14th March 2003 Louise George was granted 10,000 share options with an
exercise price of 51.5p.
For additional information, please contact:
Nicholas Fox (Chief Executive Image Scan Holdings) 01664 503 600
Toby Hall / Jade Mamarbachi (gth media) 020 7153 8039/8035
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