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Quadnetics Group PLC
11 April 2006
Quadnetics Group plc (the "Company")
Allotment of Shares to Employee Benefit Trust
11 April 2006
Quadnetics Group plc, a leader in the design, integration and control of
advanced CCTV and networked video surveillance systems, announces that it has
allotted 62,000 new Ordinary Shares of 20p to the Quadnetics Group Employee
Share Scheme Limited Partnership ("the EBT") at a price of 242.5p each.
Following this allotment the Company has 15,628,003 Ordinary Shares in issue.
The EBT now holds 842,000 shares for the benefit of nominated employees and
executive directors 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 or director, provided the Company meets
certain performance thresholds linked to the FTSE AIM All Share Total Return
Index.
Application will be made for the EBT Shares to be admitted to AIM and it is
expected that admission will occur on 20 April 2006.
Enquiries:
David Coghlan (Chairman) Tel: +44 01527 850080
djcoghlan@quadnetics.com
Neil Baldwin Tel: +44 0113 241 0130
Brewin Dolphin Securities
neil.baldwin@brewin.co.uk
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange