Director/PDMR Shareholding
December 28 2007 - 2:00AM
UK Regulatory
RNS Number:6558K
XL TechGroup, Inc.
28 December 2007
Press Release 28 December 2007
XL TechGroup, Inc.
("XL TechGroup" or "the Company")
Director/PDMR shareholding
XL TechGroup (AIM: XLT), the creator of companies that solve identified, global
unmet market needs, has been advised that a number of Directors, as well as
employees owning more than three per cent of the Company's issued shares, have
donated shares for nil consideration to XL TechGroup Employees Charitable Fund,
Inc. (the "Fund"), as follows:
Name of Director / Number of shares donated Beneficial holding Beneficial holding as % of
Employee following donation issued share capital
John Scott (Director) 50,000 6,362,361 12.32
David Szostak (Director) 50,000 2,082,179 4.03
Harold Gubnitsky 75,000 2,052,179 3.98
(Employee)
Ottmar Dippold (Employee) 80,000 2,018,823 3.91
The Fund is a newly founded not-for-profit corporation which qualifies as a
public charity under US tax laws and was created to encourage and support
charitable giving and charitable activities by employees and directors of XL
TechGroup and its related companies. In addition to contributions of stock or
other property, XL TechGroup will enable automatic payroll donations for
employees seeking to have automatic cash contributions made to the Fund. The
proceeds from donations of cash or property will be distributed by the Fund to a
range of qualified charities over time, with the disposal of any shares to be
handled in a managed way based on advice from the Company's broker.
- Ends -
This information is provided by RNS
The company news service from the London Stock Exchange
END
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