Last checked at 4 Aug 2015 15:03
Sabien Technology Group plc
("Sabien" or "the Company")
Holding in Company
Sabien (AIM: SNT), the manufacturer and supplier of M2G, an energy efficiency technology, announces that further to the placing announced on 20 July 2015 which completed yesterday, Mr Bruce Gordon is now interested directly and indirectly, via TVI 2 Ltd, in 5,758,356 ordinary shares of 5 pence each in the share capital of the Company representing 13.1% of the Company's enlarged issued share capital.
For further information:
Sabien Technology Group plc
Alan O'Brien, CEO Tel: +44 (0)20 7993 3700
Gus Orchard, CFO www.sabien-tech.co.uk
Westhouse Securities
Antonio Bossi / Rose Ramsden Tel: +44 (0)20 7601 6100
Background:
Sabien Technology is a UK-based company which specialises in providing proven and commercially viable technology to reduce carbon emissions and energy usage for private and public organisations.
The M2G is a patented energy efficient technology designed to reduce fuel consumption in commercial boilers. M2G dynamically responds to changing load demand by measuring, identifying and removing dry cycling thus maximising efficiency under all conditions.
M2G is retro-fitted to commercial boilers regardless of age and size and fully integrates and complements existing controls, such as BMS, boiler sequencing, weather compensation and building optimisation controls.
Using intelligent software and hardware, the M2G unit improves a boiler's efficiency by reducing energy wastage. For further information, please visit our website www.sabien-tech.co.uk.