News

Grant Of Options Pursuant To The Biosensors Employee Share Option Scheme 2004

The Board of Directors of Biosensors International Group Ltd. ("the Company") wishes to announce that on 20 June 2008, the Company has made an offer on the grant of options under the Biosensors Employee Share Option Scheme 2004. Details of the grant of options are as follows:

(a) Date of Grant: 20 June 2008

(b) Exercise price of options granted: US$0.50
(The exercise price is a price equal to Market Price, the average of the last dealt prices for the Company's shares, as determined by reference to the daily official list or other publication published by the SGX-ST, for the 5 consecutive market days immediately preceding the date of grant, rounded up to the nearest whole cent and converted to US Dollars based on the average exchange rate for the same period, rounded up to the nearest whole cent.)

(c) Total number of options granted: 2,000,000 shares

(d) Market price (last done price) of shares on the Date of Grant: S$0.675 (equivalent to US$0.49)

(e) Number of options granted to director or controlling shareholder: Nil

(f) Validity period of the options: 5 years from the Date of Grant


By Order of the Board

Kevin Sayer
Company Secretary