T YR AT ECH, INC. / ANNUAL R EPORT 20 0 9
Directors' Remuneration Report
(CONTINUED)
DIRECTORS' SHARE OPTIONS
At 31 December 2009, the Directors had options to subscribe for Ordinary Shares under the Company's share option scheme
as follows:
Options Held at 1 January 2009
Options Granted in the Year
Options Held at 31 December 2009
Strike Price
Grant Date
Expiry Date
Directors:
R.D. Armstrong
Nil
85,883
85,883
42.5p
16 Jan 2009
16 Jan 2019
K.E. Bigsby
Nil
63,553
63,553
42.5p
16 Jan 2009
16 Jan 2019
Nil
50,000
50,000
42.5p
16 Jan 2009
16 Jan 2019
Nil
199,436
199,436
The aggregate emoluments disclosed above include US$51,414 (2008: nil) for the value of options to acquire ordinary shares in the Group granted to or held by the directors.
In addition, the shares held by Dr. Armstrong and
Mr. Bigsby were granted as founder shares, the shares are restricted and subject to re-purchase at the Group's option
at par for a period of 4 years subject to 25% of the shares becoming fully vested on the first anniversary of the grant date and for the following three anniversaries thereafter.
Date Granted
Number of Shares
Directors:
R.D. Armstrong
December 12, 2006
602,561
K.E. Bigsby
April 20, 2007
172,161
The market price of the shares at 31 December 2009 was £0.095 US$0.1536 (2008-£0.425 US$0.6277) and the range during the year was £0.095 US$0.1509 to £0.755 US$1.0921.
APPROVAL
The report was approved by the board of directors on 21 June 2010 and signed on its behalf by:
KEN NOONAN
Chairman, Remuneration Committee
21 June 2010
