(AIM: SAR) 13 March 2012
SAREUM HOLDINGS PLC
("Sareum" or the "Company")
Issue of Options & Transfer of Shares
The Company announces that it has granted the following share options (the
"Options") to Tim Mitchell, Chief Executive Officer and John Reader, Chief
Scientific Officer (together, the "Directors");
Number of options
Tim Mitchell 2,566,666
John Reader 2,566,666
The Options have been granted with an exercise price of 1.2 pence and are
exercisable until 13 March 2022.
Of the Options granted to each Director, 1,283,333 options will vest
immediately, with the remaining 1,283,333 options vesting subject to pre-
determined performance criteria.
In addition to the Options being granted, the Directors currently each hold
options over 12,553,846 shares, which were granted on 13 December 2010 and 4
December 2009.
The Company also announces that Tim Mitchell has transferred 10,000,000 ordinary
shares in the capital of the Company to his wife.
Enquires:
Sareum Holdings plc
Tim Mitchell, Chief Executive Officer 01223 497 700
Merchant Securities Limited (NOMAD)
Simon Clements 020 7628 2200
Hybridan LLP (Broker)
Claire Noyce / Deepak Reddy 020 7947 4350
The Communications Portfolio (Media enquiries)
Ariane Comstive / Caolan Mahon 020 7536 2028 / 2029
ariane.comstive@communications-portfolio.co.uk
Notes for editors:
About Sareum Holdings plc
Sareum is a drug discovery company, headquartered in Cambridge UK, that produces
targeted small molecule therapeutics, focusing on cancer and auto-immune
disease. Sareum aims to successfully deliver drug candidates for licensing to
pharmaceutical and biotechnology companies at the pre-clinical or early clinical
trials stage.
Sareum's Chk1 kinase cancer research programme is a joint research collaboration
with The Institute of Cancer Research and Cancer Research Technology Limited.
The development candidate resulting from the collaboration increases the
effectiveness of current cancer therapeutics in several in-vivo cancer models.
SKIL® (Sareum Kinase Inhibitor Library) is Sareum's drug discovery technology
platform that has so far produced the Company's Aurora+FLT3, Aurora+ALK, VEGFR-
3, FLT3 & TYK2 kinase cancer and auto-immune disease research programmes. SKIL
can also generate drug research programmes against other kinase targets.
Sareum Holdings plc is listed on the AIM market of the London Stock Exchange and
trades under the symbol SAR. For further information, please
visitwww.sareum.co.uk
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originality of the information contained therein.
Source: SAREUM HOLDINGS PLC via Thomson Reuters ONE
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