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fax: +44 (0)1285 888 190
Grant of Options
Monday 25th January, 2010
| Company | Innovision Research&Technology PLC |  |
| TIDM | INN | |
| Headline | Grant of Options | |
| Released | 07:00 25-Jan-2010 | |
| Number | 0303G07 |
Innovision Research and Technology plc
(the "Company")
Grant of Options
Innovision Research and Technology plc announces that on 20 January 2010 a sub-committee of the Board approved the grant of options over ordinary shares of 1p each in the Company ("Ordinary Shares") to Mr David Wollen, Chief Executive; and Mr Brian McKenzie, Finance Director The options are exercisable at 18.50
pence per Ordinary Share with exercise rights starting on 20 January 2013 and continuing until 20 January
2020. Details are as follows:
| Director | Number of Ordinary Shares over which options were granted | % issued ordinary share capital | Total number of Ordinary Shares over which options held | % issued ordinary share capital | Number of Ordinary Shares held | % issued ordinary share capital |
| Mr D Wollen | 750,000 | 0.81 | 2,623,770 | 2.86 | 74,933 | 0.08 |
| Mr B McKenzie | 250,000 | 0.27 | 750,000 | 0.81 | 41,600 | 0.05 |
For further information please contact:
| Innovision Research and Technology plc: | Tel: 01285 888200 |
| David Wollen, Chief Executive | |
| Brian McKenzie, Finance Director | |
| KBC Peel Hunt Ltd (Nominated Adviser & Broker) | Tel: 020 7418 8900 |
| Jonathan Marren | |
| David Anderson | |
About Innovision Research & Technology plc
Innovision Research & Technology plc, is leading the next generation of NFC/RFID solutions. As the leading fabless developer of Short-Range Data Communication semiconductor and system solutions, with particular focus on NFC/RFID (Radio Frequency Identification) and ultra low-cost Integrated Circuit (IC) and RF electronic design, IRT is pushing cost performance to enable clients to get maximum utility for minimum cost.
The company develops innovative semiconductor technologies, ICs, RF systems (HF/UHF) and complete end product applications for mass volume commercialisation and then licenses customers for its incorporation into their own products.
At the heart of the emerging Near Field Communication (NFC) market, Innovision R&T designs and develops NFC/RFID IC solutions for the global mobile handset and consumer device sectors.
Products include Topaz, mandated by the NFC Forum as the NFC number one tag type format, Jewel for mass transit ticketing applications, and io, the world's smallest standards compatible Near-Field RFID reader.
Headquartered in the UK, Innovision R&T was listed in 2001 on the Alternative Investment Market (AIM) of the London Stock Exchange (ticker symbol:INN).