Grant of Options
("Tracsis" or the "Company")
Grant of options
Tracsis confirms that it was agreed today that 10,162 EMI share options would be issued to Max Cawthra, the Group's Finance Director following a Remuneration Committee meeting on 2 August 2012.
The options were granted under the Company's new Long Term Incentive Scheme Scheme which is available to all members of staff, and offers a choice of foregoing cash bonus for discounted share options.
The options vest in annual intervals over a period of three years, and have an exercise price of 0.4p. Once vested, they are exercisable at any time for a period of 10 years from the date of grant.
For more information please contact:
John McArthur, Tracsis plc
Tel: 0845 125 9162
Katy Mitchell, WH Ireland Limited
Tel: 0161 832 2174