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Holding(s) in Company

27th Apr 2010 14:12

RNS Number : 8762K
Hightex Group PLC
27 April 2010
 



 

Press Release 

27 April 2010

 

 

Hightex Group plc

("Hightex" or the "Company")

 

Holdings in Company

 

Hightex Group plc (AIM:HTIG), a leading designer and installer of large membrane roofs and façades worldwide, announces that it has been informed by Matrix One Limited that it has sold 31,456,650 Hightex ordinary shares ("Ordinary shares"), representing 16.75 per cent. of the issued share capital of the Company, and that it no longer holds any Ordinary Shares. The shares were sold at a price of 7.3 pence per share with 18,054,660 traded on 26 April 2010 and 13,401,990 traded on 27 April 2010.

 

Two directors of the Company have used this opportunity to increase their holdings in Hightex and on 26 April Charles DesForges, executive chairman, acquired 300,000 Ordinary Shares at 7.3 pence per share, increasing his total shareholding to 1,730,000 Ordinary Shares, representing approximately 0.9 per cent of its issued share capital. 270,000 Ordinary Shares were bought yesterday with the balance acquired today.

 

Also on 26 April 2010, Charles Sebag-Montefiore, non-executive director, acquired 1,000,000 Ordinary Shares at 7.3 pence per share, increasing his total shareholding to 4,800,000 Ordinary Shares, representing approximately 2.56 per cent of its issued share capital.

 

- Ends -

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, Rhydian Bankes, Corporate Finance

Tel: +44 (0) 20 7600 1658

Simon Starr, Corporate Broking

www.finncapitalmarkets.com

 

Media enquiries:

 

Hudson Sandler

Nathan Field

Tel: +44 (0) 20 7796 4133

[email protected]

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 focused 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 Centre Court retractable roof at Wimbledon, 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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