Gattaca Regulatory News (GATC)

25 Jan 2008 14:09

Matchtech Group PLC25 January 2008 MATCHTECH GROUP ("the Company") 25 January 2008 The Matchtech Group plc Share Incentive Plan ("SIP") The Company announces that further to transactions on 25 January 2008, of 960ordinary shares of 1p each in the Company ("Shares") to Matchtech EngineeringLimited ("the Trustee"), at a price of £3.60 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 HMRevenue & Customs as a share incentive plan under Schedule 8 to the Finance Act2000. Following this transaction the Trustee will hold 103,384 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 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