Energy Technique PLC Exercise of Option for Share Buy-Back (6939U)

TIDMETQ

RNS Number : 6939U

Energy Technique PLC

04 December 2013

Energy Technique Plc

("Energy Technique" or the "Company")

Exercise of Option for Share Buy-Back

The Company announces that it has initiated the buy-back of 235,000 Ordinary Shares of 10 pence each in the Company ("Shares") from Elsina Limited ("Elsina") at a price of 42.5 pence per Share through the exercise of a call option (the "Buy-Back"), details of which were announced on 23 April 2013. It is expected that the Buy-Back will be completed prior to the end of 2013 and once completion occurs theshares will immediately be cancelled.

The Company may also exercise the second call option, being the option to purchase 235,000 Shares at a price of 42.5 pence per Share from Elsina, between 1 December 2013 and 28 February 2014.

The Company advises that, when the buy-back and cancellation has been completed, the Company's issued ordinary share capital will be 2,625,516 Ordinary Shares. The above figure of 2,625,516 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

When the buy-back and cancellation has been completed, Elsina Limited will hold 235,000 Shares, representing approximately 8.95 per cent. of the reduced issued ordinary share capital of the Company.

For further information, please contact:

   Energy Technique Plc:                                                   020 8783 0033

Walter Goldsmith, Chairman

Leigh Stimpson, Managing Director

   finnCap (Nominated Adviser):                                       020 7220 0500

Ed Frisby/Ben Thompson

NOTES TO EDITORS

With over 50 years in the H&V 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, which have been fitted into projects including the Shard and No 1 Hyde Park.

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

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