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Granting of Share Options

Image Scan Holdings plc (AIM: IGE), specialists in the field of X-ray imaging for the security and industrial inspection markets, announces it has granted options to subscribe for 1,560,000 new ordinary shares of one pence each in the Company (“Ordinary Shares”) (“Options”). The Options have been granted to certain of the Company’s executive directors and staff under the Image Scan Enterprise Management Incentives Share Option Plan and non-executive directors under an unapproved scheme.

The Options have an exercise price of 6.25 pence, a three year vesting period and expire on the tenth anniversary of the date of the grant.

The Options granted include the following in respect of directors of the Company:

Number of New Options Granted Existing Options Under EMI Existing Options under Unapproved Scheme
William Mawer            440,000         2,000,000                  1,500,000
Vincent Deery            440,000         2,300,000                                 –
Timothy Jackson              50,000                        –                     600,000
Richard Leaver              50,000                        –                     600,000


Following the grant of the Options, the total number of options outstanding over Ordinary Shares is 11,495,000 equivalent to 8.48% of the Company’s existing issued share capital.

For further information on the Company, please visit and for further information on the products, please visit:


Image Scan Holdings plc +44 (0)1509 817 400
Bill Mawer, Chairman and Chief Executive Officer
Sarah Atwell King, Company Secretary
Cantor Fitzgerald Europe +44 (0)20 7894 7000
(Nominated Adviser and Broker)
Rick Thompson / Michael Reynolds (Corporate Finance)
Alex Pollen (Sales)