29th May 2007 09:36
Matchtech Group PLC29 May 2007 MATCHTECH GROUP ("the Company") 29 May 2007 The Matchtech Group plc Share Incentive Plan ("SIP") The Company announces that further to transactions on 25 May 2007, of 485ordinary shares of 1p each in the Company ("Shares") to Matchtech EngineeringLimited ("the Trustee"), at a price of £4.75 pence per Share, for the purpose of satisfying 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 485 new Shares to employees(including executive directors) as awards under the share matching element ofthe SIP. Following this transaction the Trustee will hold 69,166 Shares, all of which are 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 the SIP 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. Upon issue of the new Shares, the Company's enlarged issued share capital willcomprise 22,488,203 ordinary shares with voting rights. The Company does nothold any shares in treasury. This figure of 22,488,203 ordinary shares may beused by shareholders in the Company as the denominator for the calculations bywhich they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA'sDisclosure and Transparency Rules. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Gattaca