Payment of Directors' Fees

RNS Number:9372J
NXT PLC
11 April 2003


NXT plc - Payment of Directors' Fees by Shares

The Company announces that for the quarter ending 31 March 2003 its Chairman
has agreed to take part of his fees, and its Non-executive directors have
agreed to take all of their fees in a mixture of cash and Ordinary Shares in
the capital of the Company, pursuant to resolutions of the Board made on 18
December 2001 and 16 October 2002.

The payment in shares for the fees due at 31 March 2003 have been calculated
utilising the Company's mid-market share price at 28 March 2003.

The directors must hold the shares for a minimum period of 3 years.

In relation to the above, application has been made for 55,971 Ordinary Shares
of 25p each to be admitted to the Official List of the UK Listing Authority and
to trading on the London Stock Exchange on 16 April 2003, and will be allotted
in the following proportions:
 
     Gordon Owen             22,389
     Ian Buckley             11,194
     Anita Frew              11,194
     Tony Knox               11,194
                             55,971

These shares will rank pari passu with the existing Ordinary Shares in the 
capital of the Company.
 
As a result, NXT's Chairman and Non-executive Directors hold the following 
shares in the Capital of the Company:


                    Total Holding      Percentage of Issued Shares

Gordon Owen         1,579,805          2.127
Tony Knox           39,321             0.052
Ian Buckley         48,321             0.065
Anita Frew          38,321             0.051


 
Contact for queries: Peter Thoms

Tel: [phone]



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