RNS Number : 8462X
Matchtech Group PLC
30 June 2008
MATCHTECH GROUP ("the Company")
30 June 2008
The Matchtech Group plc Share Incentive Plan ("SIP")
The Company announces the purchase, on 27 June 2008, of 2,924 ordinary shares of
1p each in the Company ("Shares") by Matchtech Engineering Limited ("the
Trustee"), at a price of £2.90 pence per Share, for the purpose of satisfying
the purchase of Shares by eligible employees (including executive directors)
under the SIP for the current month. The SIP has been approved by HM Revenue &
Customs as a share incentive plan under Schedule 8 to the Finance Act 2000.
The number of Dividend Shares purchased on this date on behalf of the executive
directors were as follows:
Director SIP dividend shares purchased on 27 June 2008 Total SIP holding following purchase*
Shares purchased under SIP Shares awarded under matching element of SIP Dividend shares purchased under SIP
Paul Raine 27 770 770 56
Tony Dyer 27 770 770 56
Adrian Gunn 27 770 770 56
* excludes interests in Shares held outside the SIP.
Following this transaction the Trustee will hold 132,588 Shares, all of which
are held on behalf of eligible employees pursuant to the terms of the SIP.
The beneficial ownership of the shares awarded under the matching element of the
SIP will pass to Paul Raine, Tony Dyer and Adrian Gunn in three years time
subject to continued employment and the retention of the underlying shares
purchased on their behalf.
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