Ultrasis PLC Acquisition of Shares by a Director under SIP (8224H)

TIDMULT

RNS Number : 8224H

Ultrasis PLC

22 May 2014

Ultrasis plc

("Ultrasis" or the "Company")

Acquisition of Shares by a Director under Share Incentive Plan

Ultrasis, the provider of interactive health care services, today announces, as required by the AIM Rules, that John Smith, CEO, as a participant of the Company's Share Incentive Plan ("SIP"), has acquired the following Ordinary Shares ("Partnership Shares") and have been conditionally awarded the following Ordinary Shares ("Matching Shares"), under the terms of the SIP and at a price of 0.90p each (being the lower of the price at the start of the accumulation period and the price on the acquisition date as set out in the HMRC approved SIP rules):

 
             No. of Partnership  Purchase  No. of Matching  Purchase 
                   Shares          price        Shares        price 
John Smith         41,666         0.90p        83,332        0.90p

The SIP is open to all employees on the same terms where, for every Ordinary Share purchased by an employee, the Company will match it with two Matching Shares. The Matching Shares are released at the end of a three year holding period (subject to the SIP rules) and the maximum amount that may be invested in Partnership Shares in any tax year is GBP1,500 per employee. John Smith has each committed to invest the maximum of GBP125 per month.

Following this transaction, John Smith now holds the following Ordinary Shares, together with options over the same (including Matching Shares) and exercisable at various prices up to 1.35 pence, as follows:

 
             No. of Ordinary Shares  No. of options 
John Smith   3,773,619               17,666,667

For further information contact:

 
 Ultrasis plc                         Tel: +44(0) 20 7535 2050 
  Penelope Tembra, Finance Director 
 FinnCapp                             Tel: +44(0) 207 220 0500 
  Geoff Nash/Simon Hicks

This information is provided by RNS

The company news service from the London Stock Exchange

END

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