10 May 2013 15:12
FOR IMMEDIATE RELEASE 10 May 2013
Northbridge Industrial Services Plc
(the "Group" or the "Company")
Director's dealings
The Group announces that on 9 May 2013 it received notification that Western Selection PLC of which David Marshall, Non-executive Director of the Company, is Non-executive Chairman had that day sold 200,000 shares of 10 pence each in the capital of the Company ("Ordinary Shares") at a price of 371pence per Ordinary Share.
The Company remains Western Selection PLC's main strategic investment. Following this transaction Western Selection PLC holds 2 million Ordinary Shares which is 12.8% 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 acquisition of companies in the UK, Dubai, Azerbaijan, Australia and Belgium and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.