24th May 2013 14:21
Energy Technique Plc
("Energy Technique" or the "Company")
Share Buy-Back
The Company announces that it has today completed the buy-back of 470,000 Ordinary Shares of 10 pence each in the Company ("Shares") from Elsina Limited at a price of 42.5 pence per Share.
These shares will immediately be cancelled. The Company advises that, following the buy-back and cancellation, the Company's issued ordinary share capital will be 2,860,516 Ordinary Shares. The above figure of 2,860,516 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
Following the buy-back and cancellation, Elsina Limited holds 470,000 Shares, representing, 16.4 per cent. of the issued ordinary share capital of the Company.
For further information, please contact:
Energy Technique Plc: 020 8783 0033
Walter Goldsmith, Chairman
Leigh Stimpson, Managing Director
finnCap (Nominated Adviser): 020 7220 0500
Ed Frisby/Ben Thompson
NOTES TO EDITORS
With over 50 years in the H&V industry, Energy Technique's operating company Diffusion is one of the oldest and most established manufactures of Heating Ventilation and Air Conditioning products in the UK. Diffusion is a market leader in the manufacture of premium quality fan coils and commercial heating products. The Diffusion and Energy Technique brand names are recognised as highly engineered, quality products, providing leading edge performance and energy efficiency, which have been fitted into projects including the Shard and No 1 Hyde Park.
Diffusion has been involved with many challenging and prestigious projects across a spectrum of sectors including hotels, commercial offices, retail, schools, hospitals, and residential. Diffusion has established excellent working relationships with many blue chip clients including Land Securities, Marks & Spencer, Boots, City Inn Hotels, Stanhope Properties and many more. All products are designed, developed and manufactured at Diffusion's 30,000 sq. ft. manufacturing facility in West Molesey, Surrey, offering the best possible products, designed specifically to meet customers' bespoke requirements.
Related Shares:
ETQ.L