Re: 2009 Group Executive Shared Ownership Plan

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:-

Name	Role	No. of Shares subject to awards	Total no. of Shares    subject to awards and    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 £1.78 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: [phone]
Arbuthnot Securities Limited	Tel: [phone]
Tom Griffiths

 

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