28 Jun 2010 14:55
| For release |
| 28 June 2010 |
The TEG GROUP PLC (AIM: TEG)
("TEG" or "the Company")
Director holdings
The TEG Group PLC, the AIM-listed cutting edge green technology company, which converts organic wastes into natural organic fertiliser, is pleased to announce that further to the announcement of the completion of the placing and acquisition (the "Placing") announced on 17 June 2010 and the Directors' subscription for 196,970 shares in the Placing, the Company is providing an update on the total number of shares now held by each of the directors of the Company.
| Director | Shares purchased | Price | Total Shareholding post Placing | % of issued share capital |
| Mick Fishwick | 60,606 | 33p | 101,606 | 0.14% |
| Nigel Moore | 60,606 | 33p | 382,153 | 0.51% |
| Alan Heyworth | 15,152 | 33p | 224,634 | 0.30% |
| Doug Benjafield | 30,303 | 33p | 100,303 | 0.13% |
| Tanja Willis | 30,303 | 33p | 51,303 | 0.07% |
ENDS
Contact:
The TEG Group Plc Tel: 01772 644980
Tanja Willis, Finance Director
Peckwater PR Tel: 07879 458 364
Tarquin Edwards
Canaccord Genuity (Nomad) Tel : 020 7050 6500
Robert Finlay
Guy Blakeney
Editor's Notes:
TEG
TEG provides an in-vessel composting technology, which is one of the few approved technologies capable of treating animal by-product (ABP) waste, and is now providing an anaerobic digestion (AD) technology to produce power from food waste. Plant economics are predominantly driven by the gate fees charged, rather than the value of the end product (compost). The AD plants also benefit from power sales and Renewable Obligations Certificates ("ROCS") or Feed-in Tariffs ("FITs"). TEG owns its composting technology and has an agreement with UTS Biogastechnik GmbH ("UTS") for the provision of AD technology into the UK waste markets. The TEG processes are an economic alternative to landfill.
The TEG Silo Cage System
The Silo Cage system, one of the few technologies in Europe capable of treating this waste, is a natural process producing compost as an end product. The compost is an excellent soil conditioner that fertilises, retains moisture, provides structure and reduces the incidence of plant disease. TEG's Silo-Cages are housed in self-contained buildings, are not unsightly and are environmentally friendly.
Collaboration with UTS
Having supplied equipment to more than 1,500 equipped biogas plants, UTS Biogastechnik GmbH is one of the world's leading biogas companies. The UTS group of companies offers services in the planning, construction, delivery and installation of biogas plants and their key components. The company has its own production facilities and service shops, technical design and development departments as well as mobile mechanical and biological customer service technicians to support the international client base. UTS also develops and sells specialized mixers, pumps and a variety of solid/liquid separating devices related to the biogas and agro/food markets. The company is headquartered near Munich, Germany with subsidiaries in Italy, Hungary, Spain, the Czech Republic and now a rapidly developing company UTS Biogas Limited. to service the United Kingdom & Ireland markets.
General
Customers include local authorities, waste management companies, food processors, farmers and landowners. The Company's expanding market is driven by increasingly stringent EU and UK legislation regulating the treatment and disposal of organic waste. Statutory targets for the diversion of waste from landfill increase annually through to 2020, increasing TEG's market opportunity year on year.
The Natural Organic Fertiliser Company Limited ("NOFCO"), a subsidiary of TEG, is a marketing company specialising in the development of end markets for compost products, an important aspect of all plant developments and key to local authority development. The company has an expertise in the development of agricultural and horticultural markets and this capability is provided to customers to enhance TEG's overall service offering.