Directors' Shareholding

RNS Number : 1329T
Corac Group Plc
01 October 2014

 

 

 

 

CORAC GROUP PLC

("Corac" or the "Company")

Directors' Shareholding

 

The Directors of Corac are pleased to announce that Andrew McCree has today, formally joined the Board.

 

The Company has been notified that, on 1 October, Mr. McCree acquired 180,000 ordinary shares in the Company at a price of 5.5 pence. Following this transaction, Mr. McCree holds 180,000 shares which represent approximately 0.002% of the issued share capital.

 

The Company also announces that Mr. McCree has been granted options over 250,000 ordinary shares, which will be exercisable at a price of 10.00p.  The options will vest over three years in three equal tranches and will be exercisable between 1 October 2015 and 30 September 2024. Following the transaction, Mr. McCree holds options over 250,000 ordinary shares.

For further information please contact:

Corac Group plc

www.corac.co.uk

Mark Crawford, Chief Financial Officer

01753 285 800

Cenkos

 

Ivonne Cantú / Elizabeth Bowman

020 7397 8980

MHP Communications

020 3128 8100

Reg Hoare / Vicky Watkins / Charlie Barker


NOTES TO EDITORS

Corac is a group of innovative UK based engineering companies, active in energy and environmental technologies. Group companies produce valuable solutions in compression systems, atmosphere management and heat exchangers for government, energy and industrial users. Corac Group shares have been traded on the London Alternative Investment Market (AIM) since July 2001.

 


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

 

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