24th Feb 2009 07:00
|
For Immediate Release |
24 February 2009 |
Corac Group plc (the "Company")
Holdings in the Company
The Company was informed that, as at 19th February 2009, Calculus Capital EIS Funds 7 and 8 (the "Funds") hold an interest and voting rights in 4,790,078 ordinary shares of 10 pence each in the capital of the Company representing 5.08% of the issued share capital of the Company. The shares are held through Calculus Capital Limited ("Calculus"), the Funds' discretionary investment manager. In addition, John Glencross and Susan McDonald, two directors of Calculus, hold, in a personal capacity, 1,695,000 ordinary shares in the Company, representing 1.80% of the issued share capital, which were acquired in 2000 and earlier years.
For further information please contact:
|
Professor Gerry Musgrave, Executive Chairman |
|
|
Philip Newell, Finance Director |
|
|
Corac Group plc |
Tel: 01895 813463 |
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