xG Technology Inc. XGT Blocklisting Interim Review

  xG Technology Inc. (XGT) - Blocklisting Interim Review

RNS Number : 0310Q
xG Technology Inc.
01 November 2012

                                                              November 1, 2012

                             xG Technology, Inc.

                   ("xG", "xG Technology" or the "Company")


                       Blocklisting Six Monthly Return


Pursuant to AIM  Rule 29 and  Schedule 6 of  the AIM Rules  for Companies,  xG 
Technology makes the following update on its block listing:

1. Name of company:

xG Technology, Inc.

2. Name of the schemes:

A) 2004 Share Incentive Plan

B) 2005 Share Incentive Plan

C) 2006 Share Incentive Plan

D) 2009 Share Incentive Plan

(together, the "Schemes")

3. Period of return:

From May 1, 2011 to October 31, 2012 (the "Period")

4. Number and class of shares not issued under the Schemes at beginning of

A) 1,162,963 shares of $0.01 each in the Common Stock of the Company

B) 200,000 Shares

C) 1,489,359 Shares

D) 9,763,998 Shares

Total: 12,616,320 Shares

5. Number of Shares issued/allotted under the Schemes during Period:

A) Nil

B) Nil

C) Nil

D) 23,104

Total: 23,104

6. Balance under the Schemes not yet issued/allotted at end of Period:

A) 1,162,963 Shares

B) 200,000 Shares

C) 1,489,359 Shares

D) 9,740,894 Shares

Total: 12,593,216 Shares

7. Number and class of Shares originally listed and the date of admission:

A) 1,715,000

B) 285,000

C) 1,611,775

D) 10,000,000

Total: 13,611,775

A, B and C were admitted on 30 April 2008 and D on 10 August 2011

8. Total number of Shares in issue at the end of the Period:


9. Contact details

xG Technology, Inc.                                    www.xgtechnology.com
John Coleman, Chief Executive Officer                  +1 212 651 4219
Roger Branton, Chief Financial Officer                 +1 212 651 4219
James Woodyatt, Investor Relations                     +1 954 572 0395
Allenby Capital Limited (Nominated Adviser and Broker) www.allenbycapital.com
Nick Naylor                                            +44 20 3328 5656
Mark Connelly                                          +44 20 3328 5656
First Columbus LLP (Joint Broker)                      www.first-columbus.com
Chris Crawford                                         +44 20 3002 2073
Fusion PR (Media and Analyst Relations)
David Worthington                                      +1 212 651 4200


xG  Technology  is   a  leading   developer  of   innovative  and   disruptive 
communications technologies for wireless  networks. Its patented  intellectual 
property portfolio  covers  a broad  range  of applications,  including  smart 
wireless networks that can  help address the  global wireless spectrum  crisis 
through advanced technology. xG is commercializing some of these  technologies 
to create xMax, the world's  first carrier-class cognitive (i.e. smart)  radio 
network.The Company's technology provides ways to significantly increase  the 
efficient use  of spectrum,  allowing network  operators to  offload  existing 
voice or data traffic, reduce dropped calls, and enhance network capacity  for 
their customers.  xMax's  standards-based IP  architecture  minimizes  network 
deployment, management and operational costs while simplifying the delivery of
high quality fixed and  mobile voice and data  services. xMax can enhance  and 
extend any wireless network, and provides an economical last mile solution for
hard to  reach  customers and  devices.  Using field-proven  technology,  xMax 
enables the delivery of mobile  broadband services to consumers, agencies  and 
enterprises worldwide in both licensed and free unlicensed bands. Based in the
USA, xG has over  60 US and  more than 140  international patents and  pending 
patent applications. xG's intellectual property is available for licensing  in 
domestic   and   international   markets.   For   more   information,   please 

                     This information is provided by RNS
           The company news service from the London Stock Exchange


BLRDFLFXLBFXFBL -0- Nov/01/2012 07:00 GMT
Press spacebar to pause and continue. Press esc to stop.