a442bdcf-7efc-49c0-ab33-ab454f8f7ae3.pdf 7 December 2015


Phorm Corporation Limited

("Phorm" or the "Company")


Repricing of Options


Phorm (AIM: PHRM), a leading advertising-technology company and first party data platform provider, announces that, further to its announcement of 1 December 2015, Timothy Smith, Chief Executive Officer of the Company, has proposed an amendment to the price of the options granted to him pursuant to the Company's New Share Option Plan. Accordingly, Mr Smith now holds 49,083,988 options, which have an increased exercise price of 3.5 pence and will continue to vest as to one third on 29 January 2016 (being six months after his formal appointment as CEO on 29 July 2015) with the remainder vesting in eighteen equal monthly instalments thereafter. All other terms of Mr Smith's options remain unaltered.


-Ends-

For further information please contact: Phorm Corporation Limited

Timothy Smith (Chief Executive Officer) +44 (0) 20 3397 6001


Mirabaud Securities LLP (Broker) +44 (0) 20 7321 2508

Jason Woollard Peter Krens


Strand Hanson Limited (Nominated Adviser) +44 (0) 20 7409 3494

James Harris Matthew Chandler James Dance


About Phorm:

Phorm is a leading advertising-technology and first party data platform provider that enables brands and publishers to address online users with personalised content and advertising. Phorm's innovative platform delivers a more interesting online experience for the user and addressable campaign results for marketers. For more information, please visit: www.phorm.com

Phorm Corporation Limited issued this content on 2015-12-23 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-23 13:39:06 UTC

Original Document: http://www.phorm.com/?wpdmdl=273