21st Jul 2011 12:00
Hightex Group plc
("Hightex" or "the Group")
Director's dealings
Hightex Group plc (AIM:HTIG), a leading designer and installer of large membrane projects worldwide, announces two purchases of shares by directors, as follows:
·; Charles Sebag-Montefiore, non-executive director, yesterday purchased 200,000 ordinary shares of 1p each in Hightex at a price of 4.6 pence per share; and
·; Charles DesForges, chairman, today purchased 100,000 ordinary shares of 1p each in Hightex at a price of 5 pence per share.
Consequently, Mr Sebag-Montefiore has increased his interest in Hightex to 5,000,000 ordinary shares, representing 2.66% of the issued share capital, and Mr DesForges has increased his interest in Hightex to 1,830,000, representing 0.97% of the issued share capital.
For further information:
Hightex Group plc | |
Charles DesForges, Chairman | Tel: +44 (0) 20 7603 1515 |
Charles Sebag-Montefiore, Non-Executive Director | www.hightexworld.com |
FinnCap | |
Geoff Nash, Henrik Persson, Corporate Finance Tom Jenkins, Simon Starr, Broking | Tel: +44 (0) 20 7600 1658 |
www.finncap.com
|
Media enquiries
Hudson Sandler | |
Charlie Jack | Tel: +44 (0) 20 7796 4133 |
Nathan Field | www.hudsonsandler.com |
Notes to Editors
Hightex Group is a specialist provider of large area architectural membranes for roofing and façade structures. The membranes are typically used in roofs and façades for sporting stadiums and arenas; airport terminals; train stations; shopping malls and other buildings. This type of structure is a competitive alternative to glass as it is cheaper, lighter, and safer as well as being flexible to create complex shapes and it can span larger areas. Hightex uses environmentally friendly materials and is focussed on innovative technology and coatings, which help to reduce a building's energy costs.
Hightex, one of only two international companies to design and install these structures worldwide, has been involved in the construction of a number of very high profile buildings including The Wimbledon Centre Court retractable roof, the Burj al Arab Hotel in Dubai, the roof of the Suvarnabhumi International Airport in Bangkok and the grandstand roof at Ascot Race Course.
The global market for membrane structures is estimated by the Hightex directors to approach around €350 million a year, and is growing as a result of the demand for energy efficient buildings and the popularity and cyclical nature of sporting events, which give rise to a continuing need for upgraded and new buildings and stadiums.
Headquartered in Rimsting, Germany the Group employs approximately 45 people and is listed on the AIM market of the London Stock Exchange (LSE: HTIG). Further information on Hightex Group plc can be found at www.hightexworld.com
Related Shares:
Hightex Group