REG-Matchtech Group PLC Additional Listing
Released: 28/11/2006
RNS Number:8558M
Matchtech Group PLC
28 November 2006
MATCHTECH GROUP ("the Company")
28 November 2006
The Matchtech Group plc Share Incentive Plan ("SIP")
The Company announces the issue, on 27 November 2006, of 31,955 ordinary shares
of 1p each in the Company ("Shares") to Matchtech Engineering Limited ("the
Trustee"), at a price of £3.665 pence per Share, for the purpose of satisfying
the purchase of Shares by eligible employees (including executive directors)
under the SIP for the current month. The SIP has been approved by the Inland
Revenue as a share incentive plan under Schedule 8 to the Finance Act 2000.
Additionally, the Company has allotted a further 31,955 new Shares to employees
(including executive directors) as awards under the share matching element of
the SIP.
Following this transaction the Trustee will hold 63,910 Shares, all of which are
held on behalf of eligible employees pursuant to the terms of the SIP.
The number of Shares purchased on this date on behalf of the executive directors
were as follows:
Director Shares Shares awarded Total interest % issued
purchased under matching following Shares
under SIP element of SIP purchase
Paul Raine 409 409 2,130,645 9.5%
Tony Dyer 409 409 201,467 0.9%
Adrian Gunn 409 409 406,452 1.8%
The beneficial ownership of the shares awarded under the matching element of the
SIP will pass to Paul Raine, Tony Dyer and Adrian Gunn in three years time
subject to continued employment and the retention of the underlying shares
purchased on their behalf.
Application is being made to AIM for the Admission of the 63,910 new Shares,
together with a blocklisting application in relation to 25,000 new Shares in
relation to future issues under the matching element of the SIP, and dealings
are expected to commence (subject to allotment, as appropriate) on 4 December
2006.
END
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