Matchtech Group PLC
29 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 485
ordinary shares of 1p each in the Company ('Shares') to Matchtech Engineering
Limited ('the Trustee'), at a price of £4.75 pence per Share, for the purpose
of satisfying the purchase of Shares by eligible employees (including executive
directors) under the SIP for the current month. The SIP has been approved by the
Inland Revenue as a share incentive plan under Schedule 8 to the Finance Act
2000.
Additionally, the Company has allotted a further 485 new Shares to employees
(including executive directors) as awards under the share matching element of
the 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 time
subject to continued employment and the retention of the underlying shares
purchased on their behalf.
Upon issue of the new Shares, the Company's enlarged issued share capital will
comprise 22,488,203 ordinary shares with voting rights. The Company does not
hold any shares in treasury. This figure of 22,488,203 ordinary shares may be
used by shareholders in the Company as the denominator for the calculations by
which 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's
Disclosure and Transparency Rules.
END
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