|
08 February 2007 xG 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
|
