Gattaca Regulatory News (GATC)

27 Feb 2007 09:36

Matchtech Group PLC27 February 2007 MATCHTECH GROUP ("the Company") 27 February 2007 The Matchtech Group plc Share Incentive Plan ("SIP") The Company announces that further to transactions on 26 February 2007, of 658ordinary shares of 1p each in the Company ("Shares") to Matchtech EngineeringLimited ("the Trustee"), at a price of £4.02 pence per Share, for the purpose ofsatisfying the purchase of Shares by eligible employees (including executivedirectors) under the SIP for the current month. The SIP has been approved by theInland Revenue as a share incentive plan under Schedule 8 to the Finance Act2000. Additionally, the Company has allotted a further 658 new Shares to employees(including executive directors) as awards under the share matching element ofthe SIP. Following this transaction the Trustee will hold 68,232 Shares, all of which areheld on behalf of eligible employees pursuant to the terms of the SIP. The beneficial ownership of the shares awarded under the matching element of theSIP 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