Checkit Regulatory News (CKT)

Elektron Technology plc

18 January 2012

Directors - Interest in Shares

Elektron Technology 2012 Joint Share Ownership Plan (the "Plan" or "JSOP"), Issue of Equity and Total Voting Rights

Elektron Technology plc (the "Company") announces the establishment of a JSOP for the benefit of Directors and senior management.

The JSOP is designed to provide an efficient long term incentive to participants in the Plan which effectively aligns their interests with those of all shareholders by providing a clear focus on maximising the long term value of the Company.

Each participant has entered into a co-ownership agreement with the trustee of the Elektron Technology plc 2012 Employee Benefit Trust (the "Trust"). Under the terms of each co-ownership agreement the participant has a right to receive the sale proceeds on disposal above £0.30 per share (the "Base Amount"), a 42% premium to the average closing share price of the Company in the 30 working days before the grants. The earliest realisation date is the third anniversary of the awards date in respect of 75% of the award and the fifth anniversary of the awards date in respect of 25% of the award. The amount payable by each participant in respect of the jointly owned interests is the higher of £0.0075 per share or the amount equal to the unrestricted market value for tax purposes of the interest as agreed with HM Revenue & Customs.

In addition to their interest in jointly owned shares, the participants were granted stock appreciation rights which entitle them to the growth in value of a share from £0.25 up to the Base Amount and which may be settled in shares or cash at the discretion of the Company's Remuneration Committee, concurrently with the realisation of the interest in the jointly owned shares.

As a condition for participating in the Plan, the participants have invested nearly £100,000 in aggregate in the Company, which is committed for minimum periods of 3 and 5 years.

On 17 January 2012, the following Directors were granted awards under the Plan of shares jointly owned with the Trust:

The Directors were also granted stock appreciation rights, as explained above, in relation to the same number of shares.

Following the award, the participating Directors' total interests in the Company's issued share capital will be as follows, although it should be noted that they will only benefit from interests in shares arising under the Plan to the extent that the share price on realisation exceeds £0.25:

A further 2,130,000 shares have been granted under the Plan to nine members of the senior management team, such that the total number of new ordinary shares held by participants in co-ownership with the trustee of the Trust is 12,693,000. In addition, options over 1,402,000 shares have been granted to members of the senior management team.

Under the Plan the trustee of the Trust has agreed to waive dividends.

The terms of the Plan were approved by the Remuneration Committee comprising the non-executive directors of the Company.

Application has been made for admission to trading on AIM of the 12,693,000 new ordinary shares, and dealings are expected to commence from 8.00am on 19 January 2012. These new shares will be used to satisfy the JSOP awards to the Directors and senior management.

Following the issue of Plan shares the total issued share capital is 119,296,987 and the total voting rights, being the number of shares to be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules is119,296,987.

However, the Directors have been advised that Plan shares owned jointly by the Trust are to be treated as own shares in the Company's consolidated balance sheet and will be excluded from calculations of the Company's market capitalisation and earnings per share until they are realised as permitted by the co-ownership agreements after three and five years.

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