Sopheon plc (“Sopheon”) announces that it has today granted options over Sopheon Ordinary Shares to certain directors. The options have been granted at a price of 7.5p per share, being the closing price on 26 August 2010. As part of this grant, Andrew Michuda and Arif Karimjee, being respectively Sopheon’s CEO and CFO, have been granted options over 250,000 and 150,000 ordinary shares respectively. These options, which will vest in equal proportions over 3 years, are exercisable up to 10 years from the date of grant.
Sopheon (LSE: SPE) is an international provider of software and services that help organisations improve the business impact of product innovation. Sopheon’s solutions automate and govern the innovation process, enabling companies to increase revenue and profits from new products. Sopheon’s solutions are used by industry leaders throughout the world, including BASF, Cadbury, Corning, Electrolux, Honeywell, Motorola and SABMiller. Sopheon is listed on the AIM Market of the London Stock Exchange and on the Euronext in the Netherlands.