Last checked at 6 Mar 2009 08:12
6 March 2009
GREEN DRAGON GAS LTD.
("Green Dragon" or the "Company")
DIRECTOR'S DEALING
Green Dragon Gas Ltd. (AIM: GDG), the Chinese vertically integrated gas business, announces that it was notified yesterday that Randeep Grewal, Chairman and CEO of the Company, yesterday purchased 2,000 ordinary shares in the Company at a price of US$5.50 per share. This purchase increases Mr. Grewal's shareholding in the Company to 904,717 ordinary shares (representing 0.8% of the Company's issued share capital).
In addition to the shareholding referred to above, Mr. Grewal is also interested in 88,000,000 ordinary shares in the Company (representing 81.1% of the Company's issued share capital) held by Green Dragon Gas (Holdings) Limited, which is ultimately owned by a trust of which family members of Mr. Grewal (including Mr. Grewal) are discretionary objects.
For further information on the Company and its activities, please refer to the website at www.greendragongas.com or contact:
| Randeep S. Grewal / Betty Cheung Green Dragon Gas | +852 3710 0168 |
| Dr Azhic Basirov / David Jones Nomad & Broker, Smith & Williamson | +44 20 7131 4000 |
| Tim Redfern Broker, Evolution Securities | +44 20 7071 4300 |
| Tim Thompson / Christian Goodbody Investor Relations, Buchanan | +44 20 7466 5000 |