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Turbotec Products (TRBO)

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Thursday 26 April, 2012

Turbotec Products

Director/PDMR Shareholding

RNS Number : 1925C
Turbotec Products PLC
26 April 2012
 



 

 

Press Release

26 April 2012

 

 

Turbotec Products Plc

("Turbotec" or "the Company")

 

Director/PDMR Shareholdings

 

The board of Turbotec Products Plc (TRBO.L), the designer and manufacturer of energy efficient heat exchangers and heat transfer tubing, is pleased to announce that on 26 April 2012, Sunil Raina acquired 102,000 ordinary shares of 1 pence each in the share capital of the Company ("Ordinary Shares") and Robert Lieberman also acquired 102,000 Ordinary Shares. The Ordinary Shares were acquired in each case from Thermodynetics, Inc, one of the Company's major shareholders, in lieu of repayment of loans of US$50,000 each made by each of Messrs Raina and Lieberman to Thermodynetics, Inc in February 2012.

Following these transactions, Thermodynetics, Inc is now interested in 2,508,407 Ordinary Shares, representing 19.6% of the Company's issued share capital, Mr Raina now holds 167,000 Ordinary Shares, representing 1.3% of the Company's issued share capital and Mr Lieberman now holds 122,000 Ordinary Shares, representing 0.96% of the Company's issued share capital. In addition, Mr Raina is also interested in options over 520,000 Ordinary Shares granted under the Company's Unapproved Share Option Scheme and Mr Lieberman is also interested in options over 265,000 Ordinary Shares granted under the Company's Unapproved Share Option Scheme.

- Ends -

For further information please contact:

 

Turbotec Products Plc


Robert Lowe, Non Executive Chairman

RLowe@trbohx.com

 

Sunil Raina, Managing Director

SRaina@trbohx.com

 

Robert Lieberman, Finance Director

RLieberman@trbohx.com

+44 (0) 79 1714 8930

 

 

Tel: +1 (860) 731-4200

www.turbotecproducts.com

 

Seymour Pierce Limited


Guy Peters, Corporate Finance

Paul Jewell, Corporate Broking

 

Tel: +44 (0) 20 7107 8000

                       www.seymourpierce.com

 

Media enquiries:

Abchurch Communications


Mark Dixon

mark.dixon@abchurch-group.com

     Tel: +44 (0)20 7398 7729

     www.abchurch-group.com

 


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