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xG Technology Inc. (XGT)


Wednesday 01 May, 2013

xG Technology Inc.

Blocklisting Interim Review

RNS Number : 8057D
xG Technology Inc.
01 May 2013

May 1, 2013


xG Technology, Inc.

("xG", "xG Technology" or the "Company")



Blocklisting Six Monthly Return


Pursuant to AIM Rule 29 and Schedule 6 of the AIM Rules for Companies, xG Technology makes the following update on its block listing:


1. Name of company:

xG Technology, Inc.


2. Name of the schemes:

A) 2004 Share Incentive Plan

B) 2005 Share Incentive Plan

C) 2006 Share Incentive Plan

D) 2009 Share Incentive Plan (together, the "Schemes")


3. Period of return:

From November 1, 2012 to April 30, 2013 (the "Period")


4. Number and class of shares not issued under the Schemes at beginning of Period:

A) 33,227 shares of $0.00001 each in the Common Stock of the Company ("Shares")

B) 5,714 Shares

C) 42,553 Shares

D) 278,311 Shares

Total:  359,805 Shares


5. Number of Shares issued/allotted under the Schemes during Period:

A) Nil

B) Nil

C) Nil

D) 76,571

Total:  76,571


6. Balance under the Schemes not yet issued/allotted at end of Period:

A) 33,227 Shares

B) 5,714 Shares

C) 42,553 Shares

D) 201,739 Shares

Total:  283,233 Shares


7. Number and class of Shares originally listed and the date of admission:

A) 49,000

B) 8,142

C) 46,050

D) 285,714

Total: 388,906

A, B and C were admitted on 30 April 2008 and D on 10 August 2011


8. Total number of Shares in issue at the end of the Period:



9. Contact details




xG Technology, Inc.

John Coleman, Chief Executive Officer

+1 212 651 4219

Roger Branton, Chief Financial Officer

+1 212 651 4219

James Woodyatt, Investor Relations

+1 954 572 0395

Allenby Capital Limited

(Nominated Adviser and Joint Broker)

+44 20 3328 5656

Nick Naylor

+44 20 3328 5656

Mark Connelly

First Columbus LLP (Joint Broker)

Chris Crawford

+44 20 3002 2073

Fusion PR (Media and Analyst Relations)



David Worthington

+1 212 651 4200



xG Technology has developed a broad portfolio of innovative intellectual property that we believe will enhance wireless communications. Its patented intellectual property portfolio covers a wide range of applications, including smart wireless networks that can help address the global wireless spectrum crisis through advanced technology. xG is commercializing some of these technologies to create xMax, a cognitive, or 'smart', radio network system. The Company's technology provides ways to increase the efficient use of spectrum, allowing network operators to offload existing voice or data traffic, reduce dropped calls, and enhance network capacity for their customers. xMax's standards-based IP architecture minimizes network deployment, management and operational costs while simplifying the delivery of high quality fixed and mobile voice and data services. xMax can enhance and extend wireless networks, and provides an economical last mile solution for hard to reach customers and devices. Using field-proven technology, xMax enables the delivery of mobile broadband services to consumers, agencies and enterprises worldwide in both licensed and free unlicensed bands. In the U.S., the Company has 43 patents granted, 16 patent applications pending, and 5 provisional applications pending. Internationally, we have 51 patents granted, 82 patent applications pending, and 10 Patent Cooperation Treaty (PCT) applications. For more information, please visit


This information is provided by RNS
The company news service from the London Stock Exchange

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