30th Jul 2007 10:18
Matchtech Group PLC30 July 2007 MATCHTECH GROUP ("the Company") 30 July 2007 The Matchtech Group plc Share Incentive Plan ("SIP") The Company announces that further to transactions on 27 July 2007, of 439ordinary shares of 1p each in the Company ("Shares") to Matchtech EngineeringLimited ("the Trustee"), at a price of £4.73 pence per Share, for the purpose ofsatisfying the purchase of Shares by eligible employees (including executivedirectors) under the SIP for the current month. The SIP has been approved by theInland Revenue as a share incentive plan under Schedule 8 to the Finance Act2000. Additionally, the Company has allotted a further 439 new Shares to employees(including executive directors) as awards under the share matching element ofthe SIP. Following this transaction the Trustee will hold 67,005 Shares, all of which areheld 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. TOTAL VOTING RIGHTS In accordance with the FSA's Disclosure and Transparency Rules, the Companynotifies the market that as at the date of this announcement, the Company'sissued share capital consists of 23,029,737 ordinary shares with a nominal valueof 1p each, with voting rights ("Ordinary Shares"). The Company does not holdany Ordinary Shares in Treasury. Therefore the total number of Ordinary Shares in the Company with voting rightsis 23,029,737. The above figure of 23,029,737 Ordinary Shares may be used by shareholders inthe Company as the denominator for the calculations by which they will determineif they are required to notify their interest in, or a change to their interestin, the share capital of the Company under the Financial Service Authority'sDisclosure and Transparency Rules. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Gattaca