Hightex Group Regulatory News (HTIG)

18 Dec 2009 11:15



Hightex Group plc

("Hightex" or "the Group")

Director's dealings

Hightex (AIM:HTIG), a leading designer and installer of large membrane roofs and façades worldwide, has today been notified that Charles Sebag-Montefiore, a Non-Executive Director of Hightex, purchased 29,314 Hightex shares at 8 pence per share, increasing his shareholding to 3,279,314 shares. Mr Sebag-Montefiore's holding is equivalent to 1.8% of the Group's issued share capital. 

As announced on 4 December 2009, Mr Sebag-Montefiore has subscribed for 520,686 new Hightex shares at 7 pence per share as part of the placing announced on that day. These shares are expected to be issued on 21 December, conditional upon the passing of the resolutions to be proposed at the General Meeting convened for that day. Following this issue, Mr Sebag-Montefiore's shareholding will be increased to 3,800,000 shares which will represent 2.02% of the enlarged share capital.

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Notes to Editors

Hightex Group is a specialist provider of large area architectural membranes for roofing and façade structures. The membranes are typically used in roofs and façades for sporting stadiums and arenas; airport terminals; train stations; shopping malls and other buildings. This type of structure is a competitive alternative to glass as it is cheaper, lighter, and safer as well as being flexible to create complex shapes and it can span larger areas. Hightex uses environmentally friendly materials and is focussed on innovative technology and coatings, which help to reduce a building's energy costs.

Hightex, one of only two international companies to design and install these structures worldwide, has been involved in the construction of a number of very high profile buildings including The Wimbledon centre court retractable roof, the Burj al Arab Hotel in Dubai, Bangkok Airport's new terminal and the grandstand roof at Ascot Race Course. 

The global market for membrane structures is estimated by the Hightex directors to approach around €350 million a year, and is growing as a result of the demand for energy efficient buildings and the popularity and cyclical nature of sporting events, which give rise to a continuing need for upgraded and new buildings and stadiums.

Headquartered in Rimsting, Germany the Group employs approximately 45 people and is listed on the AIM market of the London Stock Exchange (LSE: HTIG). Further information on Hightex Group plc can be found at www.hightexworld.com