29 Apr 2010 11:19
| 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.
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