Director Shareholding
January 09 2004 - 10:29AM
UK Regulatory
RNS Number:0693U
NXT PLC
9 January 2004
NXT plc - Payment of Directors' Fees by Shares
The Company announces that for the quarter ending December 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 7 September 2003.
The payment in shares for the fees due at 31 December 2003 have been calculated
utilising the Company's mid-market share price at 30 December 2003.
The directors must hold the shares for a minimum period of 3 years.
In relation to the above, application has been made for 16,985 Ordinary Shares
of 25p each to be admitted to the Official List of the UK Listing Authority and
to trading London Stock Exchange on 14 January 2004, and will be allotted in the
following proportions:
Gordon Owen 7,463
Ian Buckley 3,174
Anita Frew 3,174
Tony Knox 3,174
------
16,985
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 1,784,501 2.00
Ian Buckley 67,576 0.08
Tony Knox 57,905 0.06
Anita Frew 56,705 0.06
----
TOTAL 2.22
Contact for queries:
Peter Thorns
NXT plc,
37 Ixworth Place,
London SW3 3QH
Tel: 020 7343 4753
This information is provided by RNS
The company news service from the London Stock Exchange
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