08 February 2007xG Technology Inc.
('xG' or 'the Company')
Issue of Equity
xG Technology Inc., (AIM:XGT) the Florida based
communications technology business, announces that it has
received notification of the exercise of options over 30,000
common shares of USD0.01 each ("Common Shares"). The
exercise price was USD2.00 per Common Share. In addition,
the Company's board has authorised the issue of of 2,750
Common Shares to a supplier in consideration of services
provided to the Company in the lead up to its admission to
trading on AIM in November 2006.
An application will be made for the
32,750 new Common Shares to be admitted to trading on AIM
and it is expected that dealings will commence on 14
February 2007.
xG is a registered trade mark of xG
Technology, Inc. under US Trade Mark Registration Number
3039835. xMax is a trademark of xG Technology, Inc.
- Ends -
Enquiries:
Rick Mooers - Chairman and Chief Executive
Roger Branton, Chief Financial Officer & Chief Operating
Officer
020 7638 9571
Seb Hoyle
Citigate Dewe Rogerson
020 7638 9571
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