Gattaca Regulatory News (GATC)

3 Mar 2008 10:23

Matchtech Group PLC03 March 2008 MATCHTECH GROUP ("the Company") 3 March 2008 The Matchtech Group plc Share Incentive Plan ("SIP") The Company announces the purchase, on 29 February 2008, of 1,064 ordinaryshares of 1p each in the Company ("Shares") by Matchtech Engineering Limited("the Trustee"), at a price of £3.19 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 106,757 Shares, all of whichare held on behalf of eligible employees pursuant to the terms of the SIP. The beneficial ownership of Shares awarded under the matching element of the SIP will pass to Paul Raine, Tony Dyer and Adrian Gunn in three years time subject to continued employment and the retention of the underlying shares purchased on their behalf. END This information is provided by RNS The company news service from the London Stock Exchange