Quadnetics Group PLC
24 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 of
advanced CCTV and networked video surveillance systems, announces that it has
allotted a further 160,000 new Ordinary Shares of 20p to the Quadnetics Group
Employee 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 of
620,000 shares had been made under the share scheme, The EBT now holds 780,000
shares for the benefit of nominated employees and executive directors on terms,
similar to a share option scheme, whereby the value of appreciation in the
Company's share price over a minimum three-year period accrues to the relevant
employee or director, provided the Company meets certain performance thresholds
linked to the FTSE AIM All Share Total Return Index.
Application will be made for the EBT Shares to be admitted to AIM and it is
expected that admission will occur on (1 July) 2005.
Enquiries:
David Coghlan (Deputy Chairman) Tel: +44 01527 850080
djcoghlan@quadnetics.com
Neil Baldwin Tel: +44 0113 241 0130
Brewin Dolphin Securities
neil.baldwin@brewin.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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