Payment of Directors' Fees

RNS Number:6892Q
NXT PLC
8 October 2003

 
NXT plc - Payment of Directors' Fees by Shares

The Company announces that for the quarter ending September 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 30 September 2003 have been calculated 
utilising the Company's mid-market share price at 29 September 2003.

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

In relation to the above, application has been made for 14,323 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 13 October, and will be allotted 
in the following proportions:
 
Gordon Owen     5,906
Ian Buckley     2,511
Anita Frew      2,953
Tony Knox       2,953
               14,323


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             1,777,038                            1.99
Ian Buckley                64,402                            0.07
Tony Knox                  54,731                            0.06
Anita Frew                 53,531                            0.06
TOTAL                                                        2.19

Contact for queries: Peter Thorns
                     Tel: [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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