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xG Technology Inc. (XGT)

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Tuesday 03 May, 2011

xG Technology Inc.

Blocklisting Interim Review

RNS Number : 8360F
xG Technology Inc.
03 May 2011

May 3, 2011



xG Technology, Inc. - Blocklisting Six Monthly Return


Pursuant to AIM Rule 29 and Schedule 6 of the AIM Rules for Companies, xG Technology, Inc. makes the following update on its block listing:


1. Name of company:

xG Technology, Inc.


2. Name of the schemes:

A) 2004 Share Incentive Plan

B) 2005 Share Incentive Plan

C) 2006 Share Incentive Plan


3. Period of return:

From 1 November 2010 to 30 April 2011


4. Number and class of shares not issued under the schemes at beginning of period:

A) 1,162,963 Common Shares

B) 200,000 Common Shares

C) 1,489,359 Common Shares

Total: 2,852,322 Common Shares


5. Number of shares issued / allotted under the schemes during period:

A) 0 Common Shares

B) 0 Common Shares

C) 0 Common Shares

Total: 0 Common Shares


6. Balance under the schemes not yet issued / allotted at end of period:

A) 1,162,963 Common Shares

B) 200,000 Common Shares

C) 1,489,359 Common Shares

Total: 2,852,322 Common Shares


7. Number and class of shares originally listed and the date of admission:

A) 1,715,000 Common Shares

B) 285,000 Common Shares

C) 1,611,775 Common Shares

Total: 3,611,775 Common Shares

All admitted on 30 April 2008


8. Total number of shares in issue at the end of the period:

152,063,319 Common Shares


9. Contact details


xG Technology, Inc.

John Coleman, Chief Executive Officer

+1 212 651 4219

Roger Branton, Chief Financial Officer

+1 212 651 4219

James Woodyatt, Investor Relations

+1 954 572 0395

Allenby Capital Limited (Nominated Adviser & Broker)

Brian Stockbridge

+44 (0) 20 3328 5656

Alex Price

+44 (0) 20 3328 5656


Fusion PR (Media and Analyst Relations)

Heather Lukens

+1 212 651 4227







xG Technology is a leading developer of innovative and disruptive communications technologies for wireless networks. Its extensive patented intellectual property portfolio covers a broad range of applications including cognitive radio networks. The Company has commercialized some of these technologies to create xMax, the world's first carrier-class cognitive radio network.


xMax's standards-based IP architecture minimizes network deployment, management and operational costs while simplifying the delivery of profitable fixed and mobile services. Using field-proven cognitive radio technology, xMax enables the delivery of these revenue-generating mobile services in both licensed and unlicensed bands.  In its initial commercial offering, the xMax cognitive radio system enables carriers and other operators to profitably monetize free unlicensed spectrum in the 900MHz ISM band.


xMax also offers unique capabilities to enterprises, utilities, government agencies and others who require advanced wireless communications to support business operations and mission critical applications.


xG Technology offers turnkey xMax network solutions including base stations, mobile switching centers, network management systems, deployment tools, handsets and customer support.


xG has deployed a 32 square mile xMax network in Fort Lauderdale, Florida to showcase its cognitive radio, mobile VoIP, and dynamic interference mitigation capabilities.  The Company's xMax products are also being tested and trialed by the US Army at two of its US bases. Based in the USA, xG Technology has over 50 US and more than 100 international patents and pending patent applications. For more information, please visit


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