Director/PDMR Shareholding

RNS Number : 2920R

Quadnetics Group PLC

01 November 2011

 



Quadnetics Group plc (the "Company")

1st November 2011

Director/PDMR Shareholding

The Company was notified today that the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan ("ESAP") today purchased, in accordance with the ESAP's rules and on behalf of all ESAP participants, 6,378 ordinary shares of 20 pence each in the Company ("Ordinary Shares"), at a price of 205 pence each.

Under the terms of the ESAP, participating members, including employees and certain Directors of the Company, contribute a fixed amount to the Trustee on a monthly basis. The Company acquires a number of shares in the Company at the end of the contribution period (the "Period") (normally 6 months) based upon the contributions made in the preceding period and determined by the lowest share price at either the beginning of the Period or on the purchase day. The share price used for ESAP purposes was the price on 1st April 2011, (the beginning of the Period) which was 185.5p.

In addition, the Company was also notified that included in the above number of Ordinary Shares purchased by the Trustee were 159 Ordinary Shares, as part of the reinvestment of the Company's interim dividend.

Following the purchases, the following Directors of the Company have the following interests in the Company's issued share capital:

Name and Position	Ordinary Shares acquired	Shares acquired following reinvestment of dividend	Resultant interest in Ordinary Shares	Approx % of the Company's total issued share capital
John Shepherd	405	9	426,519	2.43%
Nigel Poultney	405	9	224,181	1.28%

For further information, please contact:

Quadnetics Group plc                                  Tel: [phone]

Simon Crooks

Arbuthnot Securities Limited                      Tel: [phone]

Tom Griffiths

Buchanan Communications                         Tel: [phone]

Isabel Podda

Tim Anderson

ENDS

 

END

 

 

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