Transaction in Own Shares

Quadnetics Group PLC 19 December 2005 Quadnetics Group plc Purchase of Own Shares Following the acquisition of Protec plc in an all-share offer, the Board of Quadnetics Group plc ('Quadnetics') believes that the consolidated net cash balances held by the Company are in excess of its immediate needs, although the amount of the excess is still under review in the light of investment opportunities that may emerge to support the continuing growth of its Synectics digital security systems technology. The Board also believes that the current market price of Quadnetics' ordinary shares undervalues the Company's prospects, and therefore the purchase by the Company of its own shares represents an attractive financial investment, and an opportunity to increase earnings per share. Accordingly, Quadnetics announces that it has purchased in the market today 37,731 of its own ordinary shares at a price of £2.00 under the authority granted at the recent annual general meeting. On completion of the purchases, these shares will be cancelled. The issued share capital following this purchase is 15,425,848 shares. ENDS 19 December 2005 This information is provided by RNS The company news service from the London Stock Exchange

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Synectics (SNX)
UK 100

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