28th Nov 2006 15:49
Matchtech Group PLC28 November 2006 MATCHTECH GROUP ("the Company") 28 November 2006 The Matchtech Group plc Share Incentive Plan ("SIP") The Company announces the issue, on 27 November 2006, of 31,955 ordinary sharesof 1p each in the Company ("Shares") to Matchtech Engineering Limited ("theTrustee"), at a price of £3.665 pence per Share, for the purpose of satisfyingthe purchase of Shares by eligible employees (including executive directors)under the SIP for the current month. The SIP has been approved by the InlandRevenue as a share incentive plan under Schedule 8 to the Finance Act 2000. Additionally, the Company has allotted a further 31,955 new Shares to employees(including executive directors) as awards under the share matching element ofthe SIP. Following this transaction the Trustee will hold 63,910 Shares, all of which areheld on behalf of eligible employees pursuant to the terms of the SIP. The number of Shares purchased on this date on behalf of the executive directorswere as follows: Director Shares Shares awarded Total interest % issued purchased under matching following Shares under SIP element of SIP purchase Paul Raine 409 409 2,130,645 9.5%Tony Dyer 409 409 201,467 0.9%Adrian Gunn 409 409 406,452 1.8% The beneficial ownership of the shares awarded under the matching element of theSIP will pass to Paul Raine, Tony Dyer and Adrian Gunn in three years timesubject to continued employment and the retention of the underlying sharespurchased on their behalf. Application is being made to AIM for the Admission of the 63,910 new Shares,together with a blocklisting application in relation to 25,000 new Shares inrelation to future issues under the matching element of the SIP, and dealingsare expected to commence (subject to allotment, as appropriate) on 4 December2006. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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