Grant of Options
September 14 2009 - 1:00AM
UK Regulatory
TIDMPTX TIDMPTXU
RNS Number : 9670Y
Protonex Technology Corporation
14 September 2009
14 September 2009
Protonex Technology Corporation ('the Company')
Grant of Options
The Board of the Company announces that on 9 September 2009 it has approved a
grant of options over common shares of the Company pursuant to the Company's
2003 Stock Incentive Plan to the following director:
Paul Osenar, Chief Technology Officer 400,000
The options are exercisable at $0.54 (approximately 32.5p) and are exercisable
for a period of 10 years. The options are not currently vested and will vest
linearly and with time over the next three years.
Following the above option grants, in aggregate, Paul Osenar now holds options
over 703,929 common shares of the Company.
For further information:
Enquiries
Protonex +1 508 490 9960
Scott Pearson, Chief Executive Officer
John Connolly, Chief Financial Officer
Redleaf Communications Limited +44 (0)20 7566 6700
Press and Investor Relationsprotonex@redleafpr.com
Samantha Robbins
Paul Dulieu
Piper Jaffray Ltd. +44 (0)20 3142 8700
Nominated Adviser
Michael Covington
James Steel (Qualified Executive)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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