Synectics Regulatory News (SNX)

13 Jul 2006 07:01

Quadnetics Group PLC13 July 2006 Quadnetics Group plc ("the Company") Allotment of Shares to Employee Benefit Trust 13 July 2006 Quadnetics Group plc, a leader in the design, integration and control ofadvanced CCTV and networked video surveillance systems, announces that it hasallotted 510,000 new Ordinary Shares of 20p to the Quadnetics Group EmployeeShare Scheme Limited Partnership ("the EBT") at a price of 212.5p each.Following this allotment the Company has 16,327,838 ordinary shares in issue. As a result of the allotment of shares referred to above, David Coghlan,Chairman, has acquired an interest in 120,000 Ordinary Shares, bringing thetotal number of shares in which he is interested to 2,050,875 representing 12.6%of the issued share capital. The EBT now holds 1,352,000 shares for the benefit of nominated employees andexecutive directors on terms, similar to a share option scheme, whereby thevalue of appreciation in the Company's share price over a minimum three-yearperiod accrues to the relevant employee or director, provided the Company meetscertain performance thresholds linked to the FTSE AIM All Share Total ReturnIndex. Application will be made for the EBT Shares to be admitted to AIM as soon as isreasonably practicable. Enquiries: Russ Singleton (Chief Executive) Tel: +44 01527 850080r.singleton@quadnetics.com Neil Baldwin, Brewin Dolphin Securities Tel: +44 0113 241 0130 neil.baldwin@brewin.co.uk This information is provided by RNS The company news service from the London Stock Exchange