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Directors Dealing

29 Apr 2010 11:19

RNS Number : 0370L
Corac Group Plc
29 April 2010
 



For immediate release

 29 April 2010

 

Corac Group plc

("Corac" or the "Company")

Directors Dealing

 

Phil Cartmell, CEO, yesterday acquired 100,000 ordinary shares in Corac ("Ordinary Shares") at 21.5p each. Following this transaction Phil Cartmell holds 100,000 Ordinary Shares, representing approximately 0.1% of the issued share capital of the Company and holds options over 2,000,000 Ordinary Shares, representing approximately 1.9% of the issued share capital of the Company in aggregate.

 

In addition, Professor Gerry Musgrave, Executive Chairman, today acquired 75,000 Ordinary Shares at 20.833p each. Following these transactions, Professor Gerry Musgrave holds 1,445,530 Ordinary Shares, representing approximately 1.3% of the issued share capital of the Company and holds options over 2,193,334 Ordinary Shares, representing approximately 3.3% of the issued share capital of the Company in aggregate.

 

For further information please contact:

 

Corac Group plc

Professor Gerry Musgrave, Executive Chairman

Phil Cartmell, CEO

Mark Crawford, Finance & Commercial Director

 

01895 813463

FinnCap

Geoff Nash, Corporate Finance

Charlotte Stranner, Corporate Finance

Brian Patient, Sales

 

020 7600 1658

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.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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