Synectics Regulatory News (SNX)

11 Apr 2006 12:19

Quadnetics Group PLC11 April 2006 Quadnetics Group plc (the "Company") Allotment of Shares to Employee Benefit Trust 11 April 2006 Quadnetics Group plc, a leader in the design, integration and control ofadvanced CCTV and networked video surveillance systems, announces that it hasallotted 62,000 new Ordinary Shares of 20p to the Quadnetics Group EmployeeShare Scheme Limited Partnership ("the EBT") at a price of 242.5p each.Following this allotment the Company has 15,628,003 Ordinary Shares in issue. The EBT now holds 842,000 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 and it isexpected that admission will occur on 20 April 2006. Enquiries: David Coghlan (Chairman) Tel: +44 01527 850080djcoghlan@quadnetics.com Neil Baldwin Tel: +44 0113 241 0130 Brewin Dolphin Securitiesneil.baldwin@brewin.co.uk ENDS This information is provided by RNS The company news service from the London Stock Exchange