Grant of Options
January 22 2010 - 1:07AM
UK Regulatory
TIDMPTX TIDMPTXU
RNS Number : 9587F
Protonex Technology Corporation
22 January 2010
22 January 2010
Protonex Technology Corporation ('the Company')
Grant of Options
The Board of the Company announces that on 21 January 2010 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 directors:
Harry Fitzgibbons, Non-Executive Chairman 100,000
Charles Holland, Non-Executive Director 100,000
The options are exercisable at $0.61 (approximately 37.5p) and are exercisable
for a period of 10 years. The options are not currently vested and will vest
monthly over the next two
years.
Following the above option grants, in aggregate, Harry Fitzgibbons now holds
options over
168,800 common shares of the Company and Charles Holland now
holds options over 256,000
common shares of the Company.
For further information:
Enquiries
Protonex Technology Corporation +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
Michael Ward
Piper Jaffray Ltd. +44 (0)20 3142 8700
Nominated Adviser
Michael Covington
Rupert Winckler
This information is provided by RNS
The company news service from the London Stock Exchange
END
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