QDG Quadnetics Grp

RNS Number:4124L
Quadrant Group PLC
30 May 2000

                  Quadrant Group PLC
                 Director's Shareholding

At  the  Extraordinary  General Meeting  ("EGM")  of  the
Company   held   on  27  September  1997  the   Company's
shareholders  approved the issue of warrants  to  Scawton
Limited   to  subscribe  for  550,000  of  the  Company's
ordinary 20p shares ("Ordinary Shares") at a subscription
price  of  100p per Ordinary Share ("Warrants").  Scawton
Limited  is  a company associated with David  Coghlan,  a
Director of the Company. The Warrants were exercisable at
any  time following the Company's Annual General  Meeting
on 21 October 1997 and prior to 29 May 2000. Full details
surrounding the issue of the Warrants were set out in the
circular to shareholders dated 10 September 1997 and  the
accompanying notice of EGM.

On  24  May  2000  Scawton  Limited  transferred  270,000
Warrants  to  Arazan  Limited, also a company  associated
with  David  Coghlan.  On  29  May  2000  Arazan  Limited
exercised  Warrants  to subscribe  for  170,000  Ordinary
Shares  at  a  subscription price of  100p  per  Ordinary
Share.  The Company has also been notified that,  on  the
same  date, Arazan acquired a beneficial interest  in  an
additional 70,000 Ordinary Shares at a price of 100p  per
share.

Following  the  exercise of Warrants and  acquisition  of
interest  in  shares by Arazan Limited,  David  Coghlan's
interest in the ordinary share capital of the Company has
risen  by  240,000 Ordinary Shares to 1,930,875  Ordinary
Shares  representing  29.98 per  cent  of  the  Company's
enlarged issued share capital.

Application will be made for 170,000 Ordinary  Shares  to
be  admitted to the Official List. Admission is  expected
to become effective on Monday 5 June 2000.

END
RDSILFIDEVIIVII

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