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Director's dealings

21st Jul 2011 12:00

RNS Number : 8142K
Hightex Group PLC
21 July 2011
 



 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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