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QDG Quadnetics Grp

290.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Quadnetics Grp LSE:QDG London Ordinary Share GB0007156838 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 290.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Re: 2009 Group Executive Shared Ownership Plan (4906C)

08/03/2011 7:01am

UK Regulatory


Quadnetics (LSE:QDG)
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RNS Number : 4906C

Quadnetics Group PLC

08 March 2011

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:-

 
                                                        Total no. of Shares 
                                                         subject to awards 
                                    No. of Shares        and 
Name             Role                subject to awards   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 GBP1.78 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 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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