Grant of Options
February 20 2009 - 7:23AM
UK Regulatory
TIDMINN
RNS Number : 6609N
Innovision Research&Technology PLC
20 February 2009
Innovision Research and Technology plc
(the "Company")
Grant of Options
Innovision Research and Technology plc announces that on 19 December 2008, the
Remuneration Committee of the Board approved and allocated options over ordinary
shares of 1p each in the Company ("Ordinary Share") to Dr Stephen Morris, Chief
Technology Officer. The options were granted on 20 January 2009.
All options are exercisable at 11.75 pence per Ordinary Share with exercise
rights starting on 20 January 2012 and continuing until 20 January 2019. There
are no performance criteria attached to these options.
Details are as follows:
+--------------+----------+----------+----------+----------+----------+----------+
| Director | Number | % issued | Total | % issued | Number | % issued |
| | of | ordinary | number | ordinary | of | ordinary |
| | Ordinary | share | of | share | Ordinary | share |
| | Shares | capital | Ordinary | capital | Shares | capital |
| | over | | Shares | | held | |
| | which | | over | | | |
| | options | | which | | | |
| | were | | options | | | |
| | granted | | held | | | |
+--------------+----------+----------+----------+----------+----------+----------+
| Dr S Morris | 500,000 | 0.81 | 500,000 | 0.81 | 10,000 | 0.02 |
+--------------+----------+----------+----------+----------+----------+----------+
For further information please contact:
+-----------------------------------+------------------------------------+
| Innovision Research and | Tel: 01285 888200 |
| Technology plc: | |
+-----------------------------------+------------------------------------+
| David Wollen, Chief Executive | |
+-----------------------------------+------------------------------------+
| Brian McKenzie, Finance Director | |
+-----------------------------------+------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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