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8 Mar 2011 07:00
Quadnetics Group plc
2009 Group Executive Shared Ownership Plan ("ExSOP")
Quadnetics Group plc (the "Company" or "Group"), a leader in the design, integration and control of advanced CCTV and networked video surveillance systems, announces that on 7 March 2011 it made a grant of awards over ordinary shares of 20p each in the capital of the Company ("Shares") under the 2009 ExSOP to the Executive Directors as detailed in the table below:-
Name | Role | No. of Shares subject to awards | Total no. of Shares subject to awards and options now held |
John Shepherd | Chief Executive | 15,000 | 385,338 |
Nigel Poultney | Finance Director | 10,000 | 210,000 |
Under the provisions of the ExSOP, shares (the "ExSOP Shares") are jointly owned by nominated senior employees and by an employees' share trust, on terms, similar to a share option scheme, whereby the value of appreciation in the Company's share price over a minimum three year period accrues to the relevant employee, provided the Company meets certain performance thresholds.
The ExSOP Shares were awarded at £1.78 each, being the mid-market price of the Shares immediately prior to the award.
In addition to the above, John Shepherd holds 40,000 Shares, representing approximately 0.23 per cent. of the Company's issued share capital, and Nigel Poultney holds 13,000 Shares, representing approximately 0.1 per cent. of the Company's issued share capital and each has an interest in 338 Shares held in the Group's Employee Share Acquisition Plan.
Enquiries:
Quadnetics Group plc | |
David Coghlan, Chairman | Tel: +44 01527 850080 |
Arbuthnot Securities Limited | Tel: +44 020 7012 2100 |
Tom Griffiths |
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