TEG.L Regulatory News (TEG)

19 Sep 2005 07:00

TEG Environmental Plc19 September 2005 19 September 2005 TEG Environmental Plc Director's Dealings TEG Environmental, the leading edge green technology company which convertsorganic wastes into natural organic fertilizer, announces that it has beeninformed of the following dealings by directors in the Company's shares, underthe offer for subscription announced on 18 August 2005. Mr Nigel Moore, Chairman of TEG Environmental, acquired 27,561 ordinary sharesin the Company at a price of 37 pence per share on 16th September 2005 Followingthis, Mr Moore has a beneficial interest in 220,117 ordinary shares,representing 0.83 per cent. of the Company's issued ordinary share capital. Mr John Hough, Deputy Chairman of TEG Environmental, acquired 120,000 ordinaryshares in the Company at a price of 37 pence per share on 16 September 2005.Following this, Mr & Mrs Hough have a beneficial interest in 1,127,267 ordinaryshares, representing 4.27 per cent. of the Company's issued ordinary sharecapital. In addition to the above, family trusts in which Mr Hough has a non-beneficialinterest, have acquired 82,692 ordinary shares in the company at a price of 37pence per share on 16 September 2005. Following this, the trusts hold 762,924ordinary shares representing 2.89 per cent. of the Company's issued ordinaryshare capital.Mr Hough is a non-executive director of AHJ Investments Limited, which hasacquired 125,000 ordinary shares in the Company at a price of 37 pence per shareon 16 September 2005. Following this, AHJ Investments Limited holds 1,047,944ordinary shares representing 3.97 per cent of the Company's issued ordinaryshare capital. Dr Alan Heyworth, Technical Director of TEG Environmental, acquired 16,000ordinary shares in the Company at a price of 37 pence per share on 16thSeptember 2005. Following this, Dr Heyworth has a beneficial interest in 134,482ordinary shares, representing 0.51 per cent. of the Company's issued ordinaryshare capital. ENDS For further information please contact: TEG Environmental PlcMick Fishwick, Chief Executive 01772 422220 Binns & Co PR Ltd Peter Binns / Tarquin Edwards 020 7786 9600 Notes to Editors: TEG provides an in-vessel composting technology, which is one of the fewapproved technologies capable of treating animal by-product waste. Planteconomics are driven by the gate fees charged, rather than the value of the endproduct (compost). The TEG process is an economic alternative to landfill. The Silo Cage system, one of the few technologies in Europe capable of treatingthis waste, is a natural process producing compost as an end product, used as anexcellent soil conditioner that fertilizes, retains moisture, provides structureand restricts weed growth. TEG's Silo-Cages will be housed in a self-containedbuilding, are not unsightly and are environmentally friendly. Potential customers include local authorities, waste management companies, foodprocessors, farmers and landowners. The Company's expanding market is driven byincreasingly stringent EU and UK legislation regulating the treatment anddisposal of organic waste. This information is provided by RNS The company news service from the London Stock Exchange