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xG Technology Inc. - Issue of Equity.
(From AFX CNF)
RNS Number:5259O xG Technology Inc. 22 December 2006 22 December 2006 xG Technology Inc. ('xG' or 'the Company') Exercse of Options xG Technology Inc., (AIM:XGT) the Florida based communications technology business, announces that it received notification yesterday from ACH Securities SA that it had exercised options over 1,500,000 common shares of USD0.01 each ("Common Shares"). The exercise price was USD2.00 per Common Share. An application will be made for the 1,500,000 new Common Shares to be admitted to trading on AIM and it is expected that dealings will commence on 2 January 2007. Following this transaction, ACH Securities SA will be interested …
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