Allotment of Shares

Dienstag, 22.09.2009 15:50 von 

22 September 2009
Quadnetics Group plc

Allotment of Shares to the Executive Shared Ownership Plan

Quadnetics Group plc (the "Company"), a leader in the design,
integration and control of advanced CCTV and networked video
surveillance systems, announces that it has allotted 200,000 new
ordinary shares of 20p each in the Company ("Ordinary Shares") to the
Quadnetics Group Executive Shared Ownership Plan ("the ExSOP") at a
price of 159.0p each.   Following this allotment the Company has
17,569,744 Ordinary Shares in issue.

Under the provisions of the ExSOP, shares ("the ExSOP Shares") are
jointly owned by nominated senior employees and by a recently formed
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. In summary, none of
the awarded ExSOP Shares will vest unless the total return (dividends
plus share price appreciation) on Company's shares is better than the
performance of the FTSE AIM All  Share Total Return Index over the
three-year period from award.  The ExSOP Shares will vest
fully if the Company's performance beats the index by more than
five percentage points over that period, with pro rata vesting for
out performance up to five percent.

 The ExSOP now holds 2,040,810 Ordinary Shares for the benefit of
nominated employees and executive directors 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 or director, provided the Company meets certain
performance thresholds linked to the FTSE AIM All Share Total Return
Index.

Application will be made for the ExSOP Shares to be admitted to AIM
and it is expected that admission will occur on 23 September 2009.



Enquiries:


David Coghlan (Chairman)     Tel: +44 01527 850080
david.coghlan@quadnetics.com



Neil Baldwin              Tel: +44 0113 241 0130
Brewin Dolphin Securities
neil.baldwin@brewin.co.uk

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