Director/PDMR Shareholding (2920R)
November 01 2011 - 10:52AM
UK Regulatory
TIDMQDG
RNS Number : 2920R
Quadnetics Group PLC
01 November 2011
Quadnetics Group plc (the "Company")
1st November 2011
Director/PDMR Shareholding
The Company was notified today that the Trustee of the Company's
HMRC Approved Employee Share Acquisition Plan ("ESAP") today
purchased, in accordance with the ESAP's rules and on behalf of all
ESAP participants, 6,378 ordinary shares of 20 pence each in the
Company ("Ordinary Shares"), at a price of 205 pence each.
Under the terms of the ESAP, participating members, including
employees and certain Directors of the Company, contribute a fixed
amount to the Trustee on a monthly basis. The Company 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. The share price used for ESAP purposes was the price
on 1st April 2011, (the beginning of the Period) which was
185.5p.
In addition, the Company was also notified that included in the
above number of Ordinary Shares purchased by the Trustee were 159
Ordinary Shares, as part of the reinvestment of the Company's
interim dividend.
Following the purchases, the following Directors of the Company
have the following interests in the Company's issued share
capital:
Name and Position Ordinary Shares acquired Resultant Approx % of
Shares acquired following interest the Company's
reinvestment in Ordinary total issued
of dividend Shares share capital
John Shepherd 405 9 426,519 2.43%
Nigel Poultney 405 9 224,181 1.28%
For further information, please contact:
Quadnetics Group plc Tel: +44 01527 850080
Simon Crooks
Arbuthnot Securities Limited Tel: +44 020 7012 2100
Tom Griffiths
Buchanan Communications Tel: +44 020 7466 5000
Isabel Podda
Tim Anderson
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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