Director Shareholding (6102E)
April 08 2011 - 9:39AM
UK Regulatory
TIDMQDG
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:
Resultant Approx % of the
Ordinary Shares interest in total issued
Name and Position acquired Ordinary Shares 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: +44 01527 850080
Simon Crooks
Arbuthnot Securities Limited Tel: +44 020 7012 2100
Tom Griffiths
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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