TPG.L Regulatory News (TPG)

27 Apr 2006 10:00

Corac Group Plc27 April 2006 Corac Group plc ("the Company") Issue of Equity The Company announces that 322,580 new ordinary shares of 10p each ("the Shares") have been issued pursuant to the exercise of options. Application has been made to the London Stock Exchange for admission of the Shares to AIM, which is expected to take place on 3 May 2006. As a result of the exercise the number of ordinary shares in issue will be 74,429,700. For further information: Corac Group plc 01895 813463Prof. Gerry Musgrave, Executive Chairman Buchanan Communications 020 7466 5000Richard Darby, Suzanne Brocks, Ben Willey NOTES TO EDITORS Corac is an intellectual property, engineering and licensing group which holdsmany patents. It focuses on high speed electrical direct drive turbo machinerybased on its unique expertise in gas bearings. Corac has created an innovative'no oil' turbo compressor together with a unique gas seal, and is part of ajoint industry programme for the downhole gas extraction industry. Further information on Corac is available on the internet at www.corac.co.uk This information is provided by RNS The company news service from the London Stock Exchange