Allotment of shares
(Thomson Reuters ONE) - 17 September 2009Quadnetics Group plcAllotment of Shares to the Executive Shared Ownership PlanQuadnetics Group plc (the "Company"), a leader in the design,integration and control of advanced CCTV and networked videosurveillance systems, announces that it has allotted 200,000 newordinary shares of 20p each in the Company ("Ordinary Shares") to theQuadnetics Group Executive Shared Ownership Plan ("the ExSOP") at aprice of 159.0p each. Following this allotment the Company has17,569,744 Ordinary Shares in issue.Under the provisions of the ExSOP, shares ("the ExSOP Shares") arejointly owned by nominated senior employees and by a recently formedemployees' share trust, on terms, similar to a share option scheme,whereby the value of appreciation in the Company's share price over aminimum three year period accrues to the relevant employee, providedthe Company meets certain performance thresholds. In summary, none ofthe awarded ExSOP Shares will vest unless the total return (dividendsplus share price appreciation) on Company's shares is better than theperformance of the FTSE AIM All Share Total Return Index over thethree-year period from award. The ExSOP Shares will vestfully if the Company's performance beats the index by more thanfive percentage points over that period, with pro rata vesting forout performance up to five percent. The ExSOP now holds 2,040,810 Ordinary Shares for the benefit ofnominated employees and executive directors on terms, similar to ashare option scheme, whereby the value of appreciation in theCompany's share price over a minimum three-year period accrues to therelevant employee or director, provided the Company meets certainperformance thresholds linked to the FTSE AIM All Share Total ReturnIndex.Application will be made for the ExSOP Shares to be admitted to AIMand it is expected that admission will occur on 23 September 2009.Enquiries:David Coghlan (Chairman) Tel: +44 01527 850080david.coghlan(at)quadnetics.comNeil Baldwin Tel: +44 0113 241 0130Brewin Dolphin Securitiesneil.baldwin(at)brewin.co.ukThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 17.09.2009 - 15:25 Uhr
Sprache: Deutsch
News-ID 5930
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