23rd Dec 2008 15:10
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For Immediate Release |
23 December 2008 |
CORAC GROUP PLC (the "Company")
Dealings by Directors
Professor Gerry Musgrave, Executive Chairman of Corac Group plc (AIM: CRA), the intellectual property, engineering and licensing company specialising in compressor technology, has today purchased 50,000 ordinary shares of 10p each in the Company ("Ordinary Shares") at a price of 11.95p per share.
Following the above transaction, Professor Gerry Musgrave has an interest in 1,370,530 Ordinary Shares (representing 1.58% of the issued share capital of the Company) and holds options over 2,193,334 Ordinary Shares.
For further information please contact:
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Professor Gerry Musgrave |
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Corac Group plc |
Tel: 01895 813463 |
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Ivonne Cantu/Camilla Hume - Corporate Finance |
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Christian Hobart - Sales |
Tel: 020 7397 8900 |
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Cenkos Securities plc |
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Richard Darby/Ben Romney |
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Buchanan Communications Ltd |
Tel: 020 7466 5000 |
NOTES TO EDITORS
Corac is an intellectual property, engineering and licensing group which holds many patents. It focuses on high speed electrical direct drive turbo machinery based on its unique expertise in gas bearings. Corac has created an innovative 'no oil' turbo compressor together with a unique gas seal, and is part of a joint industry programme for the downhole gas extraction industry.
Further information on Corac is available on the internet at www.corac.co.uk
Related Shares:
TPG.L