Re: 2009 Group Executive Shared Ownership Plan (4906C)
March 08 2011 - 1:01AM
UK Regulatory
TIDMQDG
RNS Number : 4906C
Quadnetics Group PLC
08 March 2011
Quadnetics Group plc
2009 Group Executive Shared Ownership Plan ("ExSOP")
Quadnetics Group plc (the "Company" or "Group"), a leader in the
design, integration and control of advanced CCTV and networked
video surveillance systems, announces that on 7 March 2011 it made
a grant of awards over ordinary shares of 20p each in the capital
of the Company ("Shares") under the 2009 ExSOP to the Executive
Directors as detailed in the table below:-
Total no. of Shares
subject to awards
No. of Shares and
Name Role subject to awards options now held
John Shepherd Chief Executive 15,000 385,338
Nigel Poultney Finance Director 10,000 210,000
Under the provisions of the ExSOP, shares (the "ExSOP Shares")
are jointly owned by nominated senior employees and by an
employees' share trust, on terms, similar to a share option scheme,
whereby the value of appreciation in the Company's share price over
a minimum three year period accrues to the relevant employee,
provided the Company meets certain performance thresholds.
The ExSOP Shares were awarded at GBP1.78 each, being the
mid-market price of the Shares immediately prior to the award.
In addition to the above, John Shepherd holds 40,000 Shares,
representing approximately 0.23 per cent. of the Company's issued
share capital, and Nigel Poultney holds 13,000 Shares, representing
approximately 0.1 per cent. of the Company's issued share capital
and each has an interest in 338 Shares held in the Group's Employee
Share Acquisition Plan.
Enquiries:
Quadnetics Group plc
David Coghlan, Chairman Tel: +44 01527 850080
Arbuthnot Securities Limited Tel: +44 020 7012 2100
Tom Griffiths
This information is provided by RNS
The company news service from the London Stock Exchange
END
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