Gattaca Regulatory News (GATC)

3 Jan 2008 09:54

Matchtech Group PLC03 January 2008 MATCHTECH GROUP ('the Company') 3 January 2008 The Matchtech Group plc Share Incentive Plan ('SIP') The Company announces the purchase, on 2 January 2008, of 932 ordinary shares of 1p each in the Company ('Shares') by Matchtech Engineering Limited ('theTrustee'), at a price of £3.75 pence per Share, for the purpose of satisfyingthe purchase of Shares by eligible employees (including executive directors)under the SIP for the current month. The SIP has been approved by the InlandRevenue as a share incentive plan under Schedule 8 to the Finance Act 2000. Following this transaction the Trustee will hold 101,464 Shares, all of whichare held on behalf of eligible employees pursuant to the terms of the SIP. The beneficial ownership of the shares awarded under the matching element of the SIP will pass to Paul Raine, Tony Dyer and Adrian Gunn in three years timesubject to continued employment and the retention of the underlying sharespurchased on their behalf. END This information is provided by RNS The company news service from the London Stock Exchange