Friday, Image Scan Holdings Plc (IGE.L) announced that on March 1, 2010 the company issued a total of 1.59 million options over ordinary shares in the company to its directors and staff.
The company stated that 580,000 of the options were issued to the its non-executive directors under the "Image Scan Unapproved Plan", and a further 1.01 million options were issued to executive directors and staff under the "Image Scan Enterprise Management Incentives Share Option Plan".
The terms of the grant under both schemes require that the share options are not exercised before March 1, 2013 and expire after February 28, 2020. The exercise price of 4 pence is at a premium of almost 80% to the prevailing market price at date of grant of 2.25 pence.
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