Energy Technique PLC Proposed Capital Reorganisation (1498J)

TIDMETQ

RNS Number : 1498J

Energy Technique PLC

02 August 2012

ENERGY TECHNIQUE PLC

(the "Company")

Proposed Capital Reorganisation and Reduction of Capital

Reference is made to the Circular sent to shareholders on 27 July 2012 relating to the proposed Capital Reorganisation and Reduction of Capital to be submitted to shareholders for approval at a General Meeting on 16 August 2012. For the avoidance of doubt it is confirmed that the Capital Reorganisation will become effective if and when the relevant resolutions are passed at the General Meeting and transfers of shares received on or before that meeting will be recorded on the Register.

Accordingly the Record Date for the Capital Reorganisation and the Cancellation of the existing Ordinary Shares will, subject to the appropriate resolutions being passed, be 6pm on 16 August 2012.

Expected timetable of events:

   Posting of the Circular to Shareholders                           27 July 2012 
   Latest time and date for receipt of proxies                      14 August 2012 (12.30pm) 
   General Meeting                                                            16 August 2012 (12.30pm) 
   Record Date for the Capital Reorganisation                    16 August 2012 (6.00pm) 
   Cancellation of existing Ordinary Shares                         17 August 2012 (7.30am) 
   Admission to trading of New Ordinary Shares                 17 August 2012 (8.00am) 
   CREST accounts credited with New Ordinary Shares     17 August 2012 
   New shares certificates despatched                                by 31 August 2012

The ISIN for the New Ordinary Shares will be GB00B6V9F139.

For further information please visit www.diffusion-group.com or contact:

Walter Goldsmith, Chairman, Energy Technique Plc: 020 8783 0033

Rob Unsworth, Company Secretary, Energy Technique Plc: 020 8783 0033

   Ed Frisby/Ben Thompson, finnCap Limited (Nominated Advisor):                         020 7220 0500

Notes for Editors:

With over 50 years in the heating and ventilation industry, Energy Technique's operating company Diffusion is one of the oldest and most established manufactures of Heating Ventilation and Air Conditioning products in the UK. Diffusion is a market leader in the manufacture of premium quality fan coils and commercial heating products. The Diffusion and Energy Technique brand names are recognised as highly engineered, quality products providing leading edge performance and energy efficiency.

Diffusion has been involved with many challenging and prestigious projects across a spectrum of sectors including hotels, commercial offices, retail, schools, hospitals, and residential. Diffusion has established excellent working relationships with many blue chip clients including Land Securities, Marks & Spencer, Boots, City Inn Hotels, Stanhope Properties and many more. All products are designed, developed and manufactured at Diffusion's 30,000 sq. ft. manufacturing facility in West Molesey, Surrey, offering the best possible products, designed specifically to meet customers' bespoke requirements.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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