Last checked at 28 Sep 2009 16:37
Gas Turbine Efficiency plc
("GTE" or the "Company")
Notification of Director's Interest
The Company has today been informed that as part of a retention incentive provided by EIG Venture Capital (EIG) for the services of Steven Zwolinski, Chief Executive of GTE, as disclosed in the Company's Admission Document in December 2005, Mr. Zwolinski has today received 65,625 Ordinary Shares in the Company, for nil consideration, as a result of the fourth and final share transfer from EIG.
Following the transfer, Mr. Zwolinski holds a total of 442,663 Ordinary Shares in the Company, representing 0.44% of the issued share capital of GTE.
For further information, please contact:
| Gas Turbine Efficiency plc | |
| Steven Zwolinski, CEO | +46 (0) 8 546 10 528 |
| Collins Stewart Europe Limited | |
| Hugh Field / Bruce Garrow | +44 (0) 20 7523 8350 |
| Mirabaud Securities LLP | |
| Peter Krens | +44 (0) 20 7878 3360 |
| Financial Dynamics | |
| Jon Simmons / Susanne Yule | +44 (0) 20 7831 3113 |
About GTE
Gas Turbine Efficiency plc (GTE) designs, manufactures and supplies proprietary cleantech energy saving and performance enhancing systems to the aviation, industrial and combustion industries. GTE's extensive portfolio of patented cleantech solutions save fuel, reduce emissions, increase availability, and extend turbine and parts life.
The Group also provides solutions for burning a wider variety and quality of primary and alternative fuels. Specific products and services developed by our world-class technology team include compressor cleaning and power augmentation systems; fuels management systems; combustion design, repair, upgrade and monitoring; and fluid and control auxiliaries. The Group's systems and associated services are provided to turbine end users and OEMs including General Electric, Pratt & Whitney, Rolls Royce, Caterpillar-Solar and Siemens from operation centres in Europe and the USA. GTE's shares are traded on London Stock Exchange's AIM (Ticker: GTE).