Director Increases Equity (Dollars)23 Apr 2009 08:52
xG Technology, Inc. ('xG' or the 'Company') was notified on 22 April 2009 that James Woodyatt, an Executive Director and Deputy CEO of the Company, purchased in the market 10,000 Common Shares in the Company on 22 April 2009 at a price of 2.00 US Dollars per share. Following this transaction, James Woodyatt's total beneficial holding in xG is 90,000 Common Shares, representing approximately 0.07% of the total issued share capital of the Company.