Grant of options
24 Junho 2009 - 3:38AM
UK Regulatory
TIDMVSC
DATE: Wednesday, 24 June 2009
Visonic Limited
Grant of options
Visonic Limited (LSE: VSC.L; TASE: VSC.TA) ("Visonic" or the "Group"), the
international developer and manufacturer of electronic security systems
(alarms) and home management systems, announces the granting of 635,500 share
options on 30 March 2009 over the Company's ordinary shares of 0.002 NIS to
directors, officers, employees and service providers.
This grant includes the following share options to Directors of Visonic:
Name Role Option Number of options Total resultant option
Scheme granted holding
Avigdor Director Israeli 50,000 622,000
Shachrai Scheme
Yair Naaman Director Israeli 30,000 180,000
Scheme
All the options granted are vested over a period of 4 years and exercisable
from the first anniversary of the grant date at 0.425 GBP per share, the
closing market price of the Company's shares on the LSE on 30 March 2009. These
options lapse on 24 November 2013.
Due to administrative oversight the announcement was not made at the time these
options were granted.
- ENDS -
For further information please contact:
Dr. Avigdor Shachrai (President & CEO)
Yair Naaman (CFO)
Adi Enav (Investor Relations)
Visonic Limited
Tel: + 972 3 645 6797
Web-site: www.visonic.com
Alistair Mackinnon-Musson
Nathan Field
HudsonSandler
Tel: + 44 (0)20 7796 4133
Email: visonic@hspr.com
Richard Johnson
Arbuthnot Securities
Tel: + 44 (0)20 7012 2000
END
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