Elecosoft Regulatory News (ELCO)

6 Apr 2006 15:56

Eleco PLC06 April 2006 6 April 2006 Eleco plc (the 'Company') Long Term Incentive Plan award to Directors The Company announces that it has today allotted 1,117,150 new ordinary sharesof 10p each ("Ordinary Shares") to the Trustees of the Eleco plc Employee ShareOwnership Trust for the purpose of satisfying awards under the Company's LongTerm Incentive Plan. The table below details the awards made to the relevant Directors: Name Ordinary Shares Current Awarded Shareholding Percentage J H B Ketteley 651,425 6,361,152 12.64%Chairman D S Dannhauser 317,422 745,365 1.48%Finance Director P J Taylor 56,725 103,448 0.20%Commercial Director An application has been made for the new 1,117,150 ordinary shares to beadmitted to trading on AIM. These shares will rank pari passu with the existingordinary share capital of the Company. Admission of the new shares is expectedto take place on 7 April 2006. Following this transaction the number of ordinaryshares of the Company in issue is 50,318,524 Enquiries; Eleco plcIvor Barton - Company Secretary +44(0)1920 443830 Charles Stanley SecuritiesPhilip Davies / Carl Holmes+44(0)20 7953 2457 This information is provided by RNS The company news service from the London Stock Exchange