2013 Blog Posts
Further to the Company's announcement on 2 December 2013 detailing the Firm Placing to raise gross proceeds of £11.0 million and the Open Offer to raise up to an additional £2.1 million from new and existing investors, the Company confirms that the Open Offer is now closed in accordance with its terms.
Corac Group plc is pleased to announce that its subsidiary Corac Energy Technologies (CET) has signed a three-way agreement with an American Venture Capital green technology investment partner and a UK manufacturing partner to develop, manufacture and market commercial pressure let down expanders to generate electricity from waste energy in gas production and distribution systems.
Corac Group plc is pleased to announce that its subsidiary Hunt Graham Ltd. (HG) has received an order from the UK division of a global speciality chemical company for the design and manufacture of heat exchangers central to their manufacturing process.
Corac Group plc (AIM:CRA) is pleased to announce that it has conditionally raised funds of £11.0 million through a Firm Placing of 110,010,232 New Ordinary Shares with new and existing institutional investors, together with an Open Offer to raise up to £2.1 million, before fees and expenses, in each case through the issue of New Ordinary Shares at an Issue Price of 10 pence per New Ordinary Share.
Corac Group plc is pleased to announce that its subsidiary Corac Energy Technologies (CET) has received a further order from BP Trinidad & Tobago LLC (BPTT) to complete the design and engineering phase of the project to develop a compact gas compressor for deployment on an offshore production platform.
Corac Group plc is pleased to announce that its subsidiary Corac Energy Technologies (CET) has signed an amendment to its contract with Aramco Overseas Company BV, a subsidiary of Saudi Aramco, for a revised scope of work to develop an In-pipe Gas Compressor (IGC). This amendment follows a technical review that was completed earlier in the year, as announced at the time of the Group's half year results in September.
Corac Group plc announces that Jon Carter, Group Chief Financial Officer, has been granted options over 500,000 ordinary shares, which will be exercisable at a price of 13.58p. The options will vest over three years in three equal tranches and will be exercisable between 24 September 2014 and 24 September 2023. Following the transaction, Jon Carter holds options over 500,000 ordinary shares.
The Company has been informed that Jon Carter, Chief Financial Officer, today bought 250,000 ordinary shares in the Company at an average price of 12.86p. Following the above transaction, Jon Carter holds 250,000 shares in the Company which represent approximately 0.08% of the Company's share capital.
Half Year Results for the six months to 30 June 2013