Director Shareholding
February 28 2005 - 3:44AM
UK Regulatory
RNS Number:0972J
QuestAir Technologies Inc
28 February 2005
For Immediate Release 28 February, 2005
QuestAir announces Director dealings
For Immediate Release
BURNABY, B.C. - QuestAir Technologies Inc. (AIM: QAR; TSX: QAR), a developer and
supplier of advanced gas purification systems for refinery, industrial and fuel
cell markets, announced today that a Director of the company transferred common
shares in the company for no consideration on 25 February 2005.
Dan Parmar, Director and Chief Financial Officer, transferred 22,850 common
shares at $1.40 per share into a registered retirement savings plan ("RRSP")
beneficially owned and controlled by Mr. Parmar. A RRSP is a tax-advantaged
retirement planning instrument available to Canadian residents to reduce taxable
income. Mr. Parmar's personal holding in the company remains at 85,065 common
shares, or 0.2% of the Company's issued capital on an undiluted basis.
This announcement is made pursuant to the rules governing the operation of AIM
as established by the London Stock Exchange Plc.
-Ends-
About QuestAir Technologies Inc.
QuestAir Technologies, Inc. is a developer and supplier of proprietary gas
purification systems for several large international markets, including existing
markets such as oil refining, biogas production and natural gas processing, and
emerging markets such as fuel cell power plants and fuel cell vehicle refuelling
stations. The Company has joint development agreements with Exxon Mobil Research
and Engineering Company and Shell Hydrogen, and a collaboration with FuelCell
Energy. QuestAir is based in Burnaby, British Columbia and its shares trade on
the AIM Market of the London Stock Exchange Plc. and on the Toronto Stock
Exchange under the symbol "QAR".
For further information please contact:
QuestAir Technologies Inc.
Andrew Hall
Director, Corporate Development and External Communications
Phone: (001) 604-453-6967
Email: hall@questairinc.com
Web: www.questairinc.com
UK media contact:
Charles Ryland
Ben Willey
Eleanor Williamson
Buchanan Communications
Phone: 020 7466 5000
Canadian media contact:
Pamela Smith
James Hoggan + Associates
Phone: (001) 604-739-7500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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