25th Apr 2008 16:26
Matchtech Group PLC25 April 2008 MATCHTECH GROUP ("the Company") 25 April 2008 The Matchtech Group plc Share Incentive Plan ("SIP") The Company announces the purchase on 25 April 2008, of 1,087 ordinary shares of1p each in the Company ("Shares") by Matchtech Engineering Limited ("theTrustee"), at a price of £2.88 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 HM Revenue &Customs as a share incentive plan under Schedule 8 to the Finance Act 2000. Following this transaction the Trustee will hold 113,636 Shares, all of whichare held on behalf of eligible employees pursuant to the terms of the SIP. 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. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Gattaca