Director/PDMR Shareholding (8795B)
April 23 2012 - 9:58AM
UK Regulatory
TIDMQDG
RNS Number : 8795B
Quadnetics Group PLC
23 April 2012
Quadnetics Group plc (the "Company")
23 April 2012
Director/PDMR Shareholding
The Company was notified today that the Trustee of the Company's
HMRC Approved Employee Share Acquisition Plan ("ESAP") on 20(th)
April 2012 purchased, in accordance with the ESAP's rules and on
behalf of all ESAP participants, 7,359 ordinary shares of 20 pence
each in the Company ("Ordinary Shares"), at a price of 292 pence
each.
Under the terms of the ESAP, participating members, including
employees and certain Directors of the Company, contribute a fixed
amount to the Trustee on a monthly basis. The Trustee acquires a
number of shares in the Company at the end of the contribution
period (the "Period") (normally 6 months) based upon the
contributions made in the preceding period and determined by the
lowest share price at either the beginning of the Period or on the
purchase day. The share price used for ESAP purposes was the price
on 1st October 2011, (the beginning of the Period) which was
200p.
Following the purchases, the following Directors of the Company
have the following interests in the Company's issued share
capital:
Name Ordinary Resultant interest Approx % of the
Shares acquired in Ordinary Company's total
Shares issued share capital
John Shepherd 375 440,694 2.51%
Nigel Poultney 375 224,556 1.28%
For further information, please contact:
Quadnetics Group plc Tel: +44 01527 850080
Simon Crooks
Westhouse Securities Tel: +44 020 7601 6100
Tom Griffiths
This information is provided by RNS
The company news service from the London Stock Exchange
END
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