6th Jan 2014 12:22
Energy Technique Plc
("Energy Technique" or the "Company")
Share Buy-Back
The Company announces that it has initiated the buy-back of 235,000 Ordinary Shares of 10 pence each in the Company ("Shares") from Elsina Limited at a price of 42.5 pence per Share. Once the buy-back is complete it is expected these Shares will immediately be cancelled. A further announcement will be made once the buy-back is complete.
Following the completion of this buy-back Elsina Limited will not hold any Shares. The Company holds no further option to buy-back its own Shares.
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