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FOR IMMEDIATE RELEASE
28
April
2008
xG Technology, Inc.
BLOCK LISTING APPLICATION
xG Technology, Inc. ('xG' or 'the Company';
LSE-AIM: XGT), the communications technology business, today
announces that an application has been made to AIM, a market
of the London Stock Exchange, for a block listing, of
3,611,775 ordinary shares of US$ 0.01 each.
The Company is taking advantage of AIM's block listing
procedure so as to reduce the administrative burden associated
with issuing shares exercised in relation to incentive plans.
The current application is in respect of shares to be issued
in the future in connection with the Company's 2004 Share
Incentive Plan, 2005 Share Incentive Plan and 2006 Share
Incentive Plan.
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.
CONTACTS
Rick Mooers, Chairman and CEO
Roger Branton, COO and CFO
+44 20-7367-8888
www.xgtechnology.com
Steve Liebmann, Simon Bloomfield or Chris Price
Bankside
+44 20-7367-8888
Xavier Moreels or Francis Moore
ING Bank N.V., London Branch (Nominated Adviser)
+44 20-7767-1000
ABOUT XG TECHNOLOGY
Based in Florida, USA, xG Technology has developed
innovative, patented wireless communications technologies
which offer the potential to reduce significantly the capital
investment in and running costs of wireless voice and data
communications services.
XGT has designed a mobile VoIP (Voice over Internet
Protocol) base station and handset product line. Branded as
xMax, these products are intended for use by regional carriers
(internet service providers, competitive local exchange
carriers and entrepreneurial parties) seeking to deliver
mobile Internet Protocol voice and data services directly to
consumers without using the incumbent circuit switched or
coaxial cable networks. The xMax system provides extended
range of operation and an expected superior handset battery
performance. Planned future releases of the xMax product line
include integrated video and data applications.
This information is provided by RNS
The company news service from the London Stock Exchange |
