Director Raises Equity ( Dollars)24 Apr 2009 17:13
xG Technology, Inc. ('xG' or the 'Company') was notified on 24 April 2009 that James Woodyatt, an Executive Director and Deputy CEO of the Company, purchased in the market 2,500 Common Shares in the Company on 23 April 2009 at a price of 2.25 US Dollars per share. Following this transaction, James Woodyatt's total beneficial holding in xG is 92,500 Common Shares, representing approximately 0.07% of the total issued share capital of the Company.