CTFA Cientifica

TIDMCTFA

RNS Number : 8850Y

Cientifica PLC

30 January 2014

Cientifica PLC

("Cientifica" or "the Company")

Grant of Share Options

Cientifica, the AIM quoted investing company focusing on the acquisition of businesses making use of advanced materials, graphene and emerging technologies, announces that share options have today been granted to the directors of the Company (the "Options").

Options over, in aggregate, 2,750,000 new ordinary shares of 0.5p each in the Company ("Ordinary Shares") have been granted and allocated as follows:

 
 Director                       Number of Options 
                                          granted 
-----------------------------  ------------------ 
 Tim Harper (CEO)                       1,750,000 
-----------------------------  ------------------ 
 Tim Baldwin (Non-Executive 
  Chairman)                               710,000 
-----------------------------  ------------------ 
 Rod Venables (Non-Executive 
  Director)                               290,000 
-----------------------------  ------------------ 
 

Save for the above, the Directors' beneficial interests remain unchanged and as previously announced.

The options are exercisable at 3.68 pence per share, being the average closing middle market price of an Ordinary Share traded on AIM over the twenty trading days immediately prior to the day on which the options were granted.

The Options will vest subject to satisfaction of the following conditions:

-- the closing middle market price for an Ordinary Share equals or exceeds 170% of the closing middle market price for an Ordinary Share at the date of grant (being 6.26 pence) for a period of five consecutive trading days; and

-- the Company successfully undertakes an acquisition which constitutes a reverse takeover or otherwise successfully implements its investing policy pursuant to Rule 15 of the AIM Rules for Companies.

Subject to vesting, the Options may be exercised between 3 and 10 years after the date of grant.

The Options have been granted to provide Tim Harper, CEO, with incentive to develop Cientifica's business and to the non-executive directors for their work and assistance to the CEO in developing the business and also to provide compensation for the low levels of remuneration which the directors have set at this stage of the Company's development.

Save for the warrants over 3 per cent of the Company's current issued share capital granted to Peterhouse Corporate Finance pursuant to the share placing in October 2013, the Options represent the only options or warrants outstanding over the Company's current issued ordinary share capital.

30 January 2014

For further information contact:

 
 Cientifica PLC 
                                        +44 (0) 203 
 Tim Harper, CEO                         126 4933 
 Allenby Capital (Nominated Adviser) 
                                        +44 (0) 203 
 Mark Connelly/James Reeve               328 5656 
 Peterhouse Corporate Finance 
  (Broker) 
                                        +44 (0) 207 
 Heena Karani                            469 0930 
 Lothbury Financial Services 
  Limited 
                                        +44 (0) 203 
 Michael Padley/ Gary Middleton          440 7620 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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