24th Jun 2005 08:54
Quadnetics Group PLC24 June 2005 24 June 2005 Quadnetics Group plc Allotment of Shares to Employee Benefit Trust Quadnetics Group plc, a leader in the design, integration and control ofadvanced CCTV and networked video surveillance systems, announces that it hasallotted a further 160,000 new Ordinary Shares of 20p to the Quadnetics GroupEmployee Share Scheme Limited Partnership ("the EBT") at a price of £2.41 each. Following on from the announcement on 21 June, that an initial allotment of620,000 shares had been made under the share scheme, The EBT now holds 780,000shares for the benefit of nominated employees and executive directors on terms,similar to a share option scheme, whereby the value of appreciation in theCompany's share price over a minimum three-year period accrues to the relevantemployee or director, provided the Company meets certain performance thresholdslinked to the FTSE AIM All Share Total Return Index. Application will be made for the EBT Shares to be admitted to AIM and it isexpected that admission will occur on (1 July) 2005. Enquiries: David Coghlan (Deputy Chairman) Tel: +44 01527 [email protected] Neil Baldwin Tel: +44 0113 241 0130Brewin Dolphin [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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