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Award of Share Options

Date : 04/27/2012 @ 4:59AM
Source : UK Regulatory (RNS & others)
Stock : Tyratech (Regs) (TYR)
Quote : 5.875  -0.375 (-6.00%) @ 10:55AM
Tyratech (Regs) share price Chart

Award of Share Options

TIDMTYR

RNS Number : 2221C

TyraTech, Inc.

27 April 2012

27 April 2012

TYRATECH, INC.

("TyraTech" or the "Company")

Award of Share Options

TyraTech, Inc. (AIM: TYR), a natural life sciences company, announces that on 25 April 2012, a total of 3,965,000 Stock Appreciation Right options over common shares of US$0.001 in the Company ("SARs"), were awarded to 20 employees and the directors of the Company (the "Award").

Of the SAR's awarded, Alan Reade, James Hills, Barry Riley and Dr. Kevin Schultz, directors of the Company, were awarded 1,000,000, 350,000, 350,000 and 100,000 SARs, respectively.

The Company now has a total of 8,176,909 SARs outstanding over Common shares at an average exercise price of 18p.

Following the Award:

Alan Reade is interested in 7,561,358 Common Shares representing an interest of 7.03 per cent. of the total voting rights of the Company. In addition, Alan Reade is interested in 2,645,695 SARs in the Company as follows:

   Options Held                 Option Exercise Price                Expiry Date 
   1,000,000                                  6p                                 25 April 2022 
   100,570                                     12p                               6 March 2022 
   550,000                                     10.5p                            4 February 2020 
   995,125                                     12p                               10 October 2020 

James Hills is interested in 365,500 Common Shares in the Company representing an interest of up to 0.34 per cent. of the total voting rights of the Company. In addition, James Hills is interested in 550,000 SARs in the Company as follows:

   Options Held                 Option Exercise Price                Expiry Date 
   350,000                                     6p                                 25 April 2022 
   200,000                                     12p                               10 October 2020 

Barry Riley is interested in 2,255,556 Common Shares in the Company representing an interest of up to 2.10 per cent. of the total voting rights of the Company. In addition, Barry Riley is interested in 550,000 SARs in the Company as follows:

   Options Held                 Option Exercise Price                Expiry Date 
   350,000                                     6p                                 25 April 2022 
   200,000                                     12p                               10 October 2020 

Dr. Kevin Schultz is interested in 300,000 SARs in the Company as follows:

   Options Held                 Option Exercise Price                Expiry Date 
   100,000                                     6p                                 25 April 2022 
   200,000                                     12p                               20 October 2020 

For further information please contact:

TyraTech Inc.

   Alan Reade, Executive Chairman                                   Tel: +1 919 415 4310 
   Peter Jerome, Chief Financial Officer                             Tel: +1 919 415 4280 

N+1 Brewin, Nominated Adviser and Joint Broker

   Aubrey Powell / Robert Beenstock                                 Tel: +44 20 3201 3170 

First Columbus LLP, Joint Broker

   Chris Crawford                                                             Tel: +44 20 3002 2070 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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