Director Shareholding

RNS Number : 6102E

Quadnetics Group PLC

08 April 2011

 



Quadnetics Group plc (the "Company")

8 April 2011

Director Shareholding

The Company was notified on 7 April 2011 that the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan ("ESAP"), purchased, in accordance with the ESAP's rules and on behalf of all ESAP participants, 7,761 ordinary shares of 20p pence each in the Company ("Ordinary Shares"), at a price of 185.5p each. Under the terms of the ESAP, participating members, including employees and Directors of the Company, contribute a fixed amount to the plan on a monthly basis. The Trustee 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 which must be within 30 days of the Period end. The share price used for ESAP purposes was the price on 1^st October 2010 (the beginning of the Period) which was 177.5p.

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	Resultant interest in Ordinary Shares	Approx % of the total issued share capital
John Shepherd	422	426,148	2.42%
Nigel Poultney	422	223,760	1.27%

 For further information, please contact:

Quadnetics Group plc                            Tel: [phone]

Simon Crooks

Arbuthnot Securities Limited                  Tel: [phone]

Tom Griffiths

ENDS

 

END

 

 

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