TIDMSNS

RNS Number : 7459U

Silanis International Limited

21 October 2010

21 October 2010

Silanis International Limited (the "Company")

The Company announces that on 18 October 2010, pursuant to the terms of the amended and restated 2007 Stock Option Plan of Silanis Technology Inc. ("Silanis"), a total of 237,500 options for exchangeable shares of Silanis ("Exchangeable Shares") have been granted at an exercise price of 11.1 pence each to the following directors of the Company and Silanis:

 
                                            Total number 
                                         of Exchangeable 
 Non-Executive              Number of       Shares under 
  Director            options granted        option held 
 David Brereton                20,000            185,000 
                    -----------------  ----------------- 
 Michael Hunt                  20,000            160,000 
                    -----------------  ----------------- 
 Justin LaFayette              20,000            695,000 
                    -----------------  ----------------- 
 Vernon Lobo                   20,000            185,000 
                    -----------------  ----------------- 
 Jonathan Wener                20,000            185,000 
                    -----------------  ----------------- 
 
 
                                              Total number 
                                           of Exchangeable 
                              Number of       Shares under 
 Executive Director     options granted        option held 
 Tommy Petrogiannis              75,000            225,000 
                      -----------------  ----------------- 
 Matthew Lane                    62,500            187,500 
                      -----------------  -----------------

As at 18 October 2010, there were 65,307,026 Exchangeable Shares and 3 968,125 options for Exchangeable Shares in issue. Pursuant to an Exchangeable Share and Support Agreement (the "Agreement"), each holder of Exchangeable Shares has the right to exchange its Exchangeable Shares for ordinary shares of the Company on a one-to-one basis, subject to the terms of the Agreement.

Full details regarding the exchangeable share structure can be found in Part II of the Company's AIM Admission Document, which is available on the Company's website www.sil-intl.co.uk.

For further details, please contact:

 
Silanis International Limited   Tel: +1 514 337 5255 
 Tommy Petrogiannis, President 
Canaccord Genuity Limited       Tel: +44 (0) 20 7050 
 Mark Williams                   6500

This information is provided by RNS

The company news service from the London Stock Exchange

END

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