28 Apr 2014 07:00
FOR IMMEDIATE RELEASE 28 April 2014
Northbridge Industrial Services Plc
(the "Group" or the "Company")
Director's dealings
The Group announces that on 25 April 2014 it received notification that on 24 April 2014 Western Selection PLC of which David Marshall, Non-executive Director of the Company, is Non-executive Chairman sold 125,000 shares of 10 pence each in the capital of the Company ("Ordinary Shares") at a price of 455 pence per Ordinary Share.
The Company remains Western Selection PLC's main strategic investment. Following this transaction Western Selection PLC holds 1,875,000 Ordinary Shares which is 10.8% of the Company's issued share capital.
For further information | |
Northbridge Industrial Services plc Eric Hook, Chief Executive Officer Craig Robinson, Finance Director
| 01283 531645 |
Westhouse Securities Limited (Nominated Adviser and Broker) Robert Finlay / Antonio Bossi / Henry Willcocks
| 020 7601 6100 |
Buchanan Communications Charles Ryland / Clare Akhurst
| 020 7466 5000 |
Western Selection plc Edward Beale | 020 7448 8950 |
About Northbridge:
Northbridge Industrial Services plc hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, India, Brazil, Korea and Azerbaijan, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, construction and the public sector. The product range includes loadbanks, transformers, generators, compressors and oil tools. Northbridge was admitted to AIM in 2006 since when it has recorded increased earnings and dividends based on providing a high level of service, responsiveness and flexibility to customers. It has grown by the acquisition of companies in the UK, Dubai, Azerbaijan, Australia, Belgium and Singapore and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.