Qannas Investments : 21st Century clarifies employee shareholder plan

By BFN News | 09:21 AM | Tuesday 02 December, 2014

21st Century Technology has clarified a particular statement regarding its employee shareholder plan made in its circular dated 28 November. This said: "To set the plan in the wider context of the company's remuneration policy, I draw your attention to the fact that no further/other awards of shares in the company, or interests in or rights to acquire such shares, are intended to be made to participating executives without a further approval from shareholders." The board says it wishes to confirm, following shareholder queries, that should the company in the future seek to raise new equity financing, that any new ordinary shares issued (for cash or any other purpose) will be excluded from the plan without further approval from shareholders. The board emphasises that it does not have any current plan to raise new equity financing. At 9:21am: (LON:C21) 21st Century Technology PLC share price was -0.13p at 5.25p Story provided by StockMarketWire.