Issue of Options

The Company considers that the award of options linked to company performance are critical to the incentivisation of its senior employees and to ensure that there is alignment between management and shareholders.  To this end, the Company today confirms that it has agreed to issue share options to its directors, as detailed in this announcement.  Each option forming part of this award is exercisable at a price of 3.16p, being the greater of (i) the average closing price for the three dealing days immediately preceding the date of grant; and (ii) the closing price on the dealing day immediately prior to the date of grant.

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