Zytronic Regulatory News (ZYT)

25 Jul 2006 15:25

Zytronic PLC25 July 2006 25 July 2006 Zytronic plc ("the Company") The Company, in its 2006 Interim Statement, disclosed litigation with IanLawson, a former group chief executive officer. All claims by Ian Lawson,whether actual or potential, have now been settled fully and finally by theCompany making a severance payment of £10,000 to him and treating, as it isentitled to do, his Options under the Company's Enterprise Management IncentivesEMI Scheme ("the Scheme") as not having lapsed. Mr Lawson has exercised his Options under the Scheme and, pursuant to thisexercise, the Company has allotted 142,857 Ordinary Shares of 1p each in theCompany to him. These shares rank pari passu in all respects with the existingissued Ordinary Shares in the Company. Application has been made to the LondonStock Exchange for these shares to be quoted on AIM and it is expected thatdealings will commence on Monday 31 July 2006. This information is provided by RNS The company news service from the London Stock Exchange