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14 Dec 2009 07:00
|
For immediate release |
14 December 2009 |
Corac Group plc
("Corac" or the "Company")
Directors Dealing
On 11 December 2009 Corac granted options over 200,000 ordinary shares of 10 pence each ("Ordinary Shares") to Mark Crawford, in relation to his appointment to the board on the 5th November 2009 as Corac's Commercial & Finance Director. They are exercisable, subject to the achievement of performance conditions, at 34.75 pence per share between 14 December 2010 and 14 December 2019. Following the above transaction, Mark Crawford holds no Ordinary Shares and holds options over 500,000 Ordinary Shares in total, representing approximately 0.5% of the issued share capital of the Company.
For further information please contact:
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Corac Group plc Professor Gerry Musgrave, Executive Chairman Phil Cartmell, CEO Mark Crawford, Commercial & Finance Director |
01895 813463 |
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FinnCap Geoff Nash, Corporate Finance Charlotte Stranner, Corporate Finance Brian Patient, Sales |
020 7600 1658 |
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Buchanan Communications Richard Darby Ben Romney |
020 7466 5000 |
Notes to Editors
Corac is an engineering and technology company developing and patenting innovative solutions utilising its compact, high power compressors based on its unique expertise and technology including oil free air bearings, high speed motors and power electronics.
Corac's pre-production, energy efficient compressors are supercharging existing industrial air compressors used in the food and beverage industry.
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