Business
Grant of options
Grant of options.
About this update from Srt Marine Systems Plc
[{"type":"text","content":"\n \n Software Radio Technology plc (\"SRT\" or the \"Company\") \n\n Grant of Options \n\nThe Directors of SRT announce that on 19 July 2007 the Company granted options\nover 500,000 ordinary shares of 0.1p each to Neil Peniket, a Director of SRT.\nThe first tranche of 250,000 options will vest on 1 October 2007 and are\nexercisable when the share price of the Company has exceeded 60p for 30\nconsecutive calendar days. The second tranche will vest on 1 October 2008 and\nare exercisable when the share price of the Company has exceeded 80p for 30\nconsecutive calendar days. The exercise price for both tranches of options is\n42p and the options have an exercise period of 10 years from the vesting date.\n\nEnquiries:\n\nSoftware Radio Technology plc 01761 409500\nMatthew Rogers \n\n \nHanson Westhouse Limited 0113 246 2610\nTim Feather / Matthew Johnson\n ","length":1157,"tagName":"div"}]