Energy Technique PLC Share Buy-Back (9037V)
December 18 2013 - 10:44AM
UK Regulatory
TIDMETQ
RNS Number : 9037V
Energy Technique PLC
18 December 2013
Energy Technique Plc
("Energy Technique" or the "Company")
Share Buy-Back
The Company announces that it completed the buy-back of 235,000
Ordinary Shares of 10 pence each in the Company ("Shares") from
Elsina Limited at a price of 42.5 pence per Share on 18 December
2013.
These shares will immediately be cancelled. The Company advises
that, following the buy-back and cancellation, 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.
Following the buy-back and cancellation, Elsina Limited holds
235,000 Shares, representing, 8.95 per cent. of the issued ordinary
share capital of the Company.
The Company may 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.
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
END
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