Payment of Directors' Fees
April 11 2003 - 8:31AM
UK Regulatory
RNS Number:9372J
NXT PLC
11 April 2003
NXT plc - Payment of Directors' Fees by Shares
The Company announces that for the quarter ending 31 March 2003 its Chairman
has agreed to take part of his fees, and its Non-executive directors have
agreed to take all of their fees in a mixture of cash and Ordinary Shares in
the capital of the Company, pursuant to resolutions of the Board made on 18
December 2001 and 16 October 2002.
The payment in shares for the fees due at 31 March 2003 have been calculated
utilising the Company's mid-market share price at 28 March 2003.
The directors must hold the shares for a minimum period of 3 years.
In relation to the above, application has been made for 55,971 Ordinary Shares
of 25p each to be admitted to the Official List of the UK Listing Authority and
to trading on the London Stock Exchange on 16 April 2003, and will be allotted
in the following proportions:
Gordon Owen 22,389
Ian Buckley 11,194
Anita Frew 11,194
Tony Knox 11,194
55,971
These shares will rank pari passu with the existing Ordinary Shares in the
capital of the Company.
As a result, NXT's Chairman and Non-executive Directors hold the following
shares in the Capital of the Company:
Total Holding Percentage of Issued Shares
Gordon Owen 1,579,805 2.127
Tony Knox 39,321 0.052
Ian Buckley 48,321 0.065
Anita Frew 38,321 0.051
Contact for queries: Peter Thoms
Tel: 020 7343 4753
This information is provided by RNS
The company news service from the London Stock Exchange
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