1 Oct 2014 10:12
1 October 2014
CORAC GROUP PLC
("Corac" or the "Company")
Directors' Shareholding
The Directors of Corac are pleased to announce that Andrew McCree has today, formally joined the Board.
The Company has been notified that, on 1 October, Mr. McCree acquired 180,000 ordinary shares in the Company at a price of 5.5 pence. Following this transaction, Mr. McCree holds 180,000 shares which represent approximately 0.002% of the issued share capital.
The Company also announces that Mr. McCree has been granted options over 250,000 ordinary shares, which will be exercisable at a price of 10.00p. The options will vest over three years in three equal tranches and will be exercisable between 1 October 2015 and 30 September 2024. Following the transaction, Mr. McCree holds options over 250,000 ordinary shares.
For further information please contact:
Corac Group plc | www.corac.co.uk |
Mark Crawford, Chief Financial Officer | 01753 285 800 |
Cenkos |
|
Ivonne Cantú / Elizabeth Bowman | 020 7397 8980 |
MHP Communications | 020 3128 8100 |
Reg Hoare / Vicky Watkins / Charlie Barker |
NOTES TO EDITORS
Corac is a group of innovative UK based engineering companies, active in energy and environmental technologies. Group companies produce valuable solutions in compression systems, atmosphere management and heat exchangers for government, energy and industrial users. Corac Group shares have been traded on the London Alternative Investment Market (AIM) since July 2001.