Last checked at 1 Nov 2011 15:52
Quadnetics Group plc (the "Company")
1st November 2011
Director/PDMR Shareholding
The Company was notified today that the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan ("ESAP") today purchased, in accordance with the ESAP's rules and on behalf of all ESAP participants, 6,378 ordinary shares of 20 pence each in the Company ("Ordinary Shares"), at a price of 205 pence each.
Under the terms of the ESAP, participating members, including employees and certain Directors of the Company, contribute a fixed amount to the Trustee on a monthly basis. The Company acquires a number of shares in the Company at the end of the contribution period (the "Period") (normally 6 months) based upon the contributions made in the preceding period and determined by the lowest share price at either the beginning of the Period or on the purchase day. The share price used for ESAP purposes was the price on 1st April 2011, (the beginning of the Period) which was 185.5p.
In addition, the Company was also notified that included in the above number of Ordinary Shares purchased by the Trustee were 159 Ordinary Shares, as part of the reinvestment of the Company's interim dividend.
Following the purchases, the following Directors of the Company have the following interests in the Company's issued share capital:
Name and Position | Ordinary Shares acquired | Shares acquired following reinvestment of dividend | Resultant interest in Ordinary Shares | Approx % of the Company's total issued share capital
|
John Shepherd | 405 | 9 | 426,519 | 2.43% |
Nigel Poultney | 405 | 9 | 224,181 | 1.28% |
For further information, please contact:
Quadnetics Group plc Tel: +44 01527 850080
Simon Crooks
Arbuthnot Securities Limited Tel: +44 020 7012 2100
Tom Griffiths
Buchanan Communications Tel: +44 020 7466 5000
Isabel Podda
Tim Anderson
ENDS