Greka Engineering & Technology Ltd Director/PDMR Shareholding (3553Q)
February 26 2016 - 10:20AM
UK Regulatory
TIDMGEL
RNS Number : 3553Q
Greka Engineering & Technology Ltd
26 February 2016
26 February 2016
Greka Engineering & Technology Ltd
("Greka Engineering" or the "Company")
Director / PDMR Shareholding
Greka Engineering & Technology Ltd. (AIM:GEL), the
unconventional gas sector engineering and technology business with
pipeline, gas compression and power generation assets in China,
announces that it has been notified that an entity controlled by
Randeep Grewal, the Company's Chairman and Chief Executive, has
today purchased 47,189,723 ordinary shares in the Company
("Ordinary Shares") at a price of 0.385 pence per Ordinary
Share.
As a result, Randeep Grewal is now directly and indirectly
beneficially interested in a total of 312,125,606 Ordinary Shares,
representing 76.20% of the Company's issued ordinary share
capital.
Contacts:
Greka Engineering
Betty Cheung, Director Corporate Affairs +852 3710 0088
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Smith & Williamson
Nominated Adviser and Broker
Dr Azhic Basirov / David Jones / Ben Jeynes +44 (0)20 7131 4000
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About Greka Engineering & Technology
Greka Engineering & Technology Ltd., (AIM; GEL) was demerged
from Green Dragon Gas Ltd. (AIM: GDG) via a dividend in specie and
was admitted to trading on AIM in September 2013.
Greka Engineering offers turnkey solutions to over 100 upstream,
midstream and downstream gas suppliers. The Company's technologies
include Compressed Natural Gas/Liquefied Natural Gas (CNG/LNG)
compressor equipment, CNG retail dispenser equipment and CBM
wellhead extraction technologies. The Company also supplies
proprietary Integrated Circuit Card Point of Sale (ICC POS) and
Supervisory Control and Data Acquisition (SCADA) software and
hardware solutions for the remote management of transmission
systems, power facilities, vehicle management and retail services.
In addition, the Company invests in, operates and maintains wholly
owned assets for its customers in return for service contracts
based on the volume management.
The Company has historically completed several Engineering,
Procurement, Construction and Management (EPCM) contracts including
the design, construction and management of gas gathering systems, a
gas pipeline in Shanxi Province to the China West-East pipeline,
the installation and commissioning of a 10MW gas-fired power
facility in the Shanxi province and the construction of CNG retail
stations.
For more information on Greka Engineering, please visit the
Company's website at: www.grekaengineering.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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