TIDMTRBO

RNS Number : 1925C

Turbotec Products PLC

26 April 2012

 
 Press Release   26 April 2012

Turbotec Products Plc

("Turbotec" or "the Company")

Director/PDMR Shareholdings

The board of Turbotec Products Plc (TRBO.L), the designer and manufacturer of energy efficient heat exchangers and heat transfer tubing, is pleased to announce that on 26 April 2012, Sunil Raina acquired 102,000 ordinary shares of 1 pence each in the share capital of the Company ("Ordinary Shares") and Robert Lieberman also acquired 102,000 Ordinary Shares. The Ordinary Shares were acquired in each case from Thermodynetics, Inc, one of the Company's major shareholders, in lieu of repayment of loans of US$50,000 each made by each of Messrs Raina and Lieberman to Thermodynetics, Inc in February 2012.

Following these transactions, Thermodynetics, Inc is now interested in 2,508,407 Ordinary Shares, representing 19.6% of the Company's issued share capital, Mr Raina now holds 167,000 Ordinary Shares, representing 1.3% of the Company's issued share capital and Mr Lieberman now holds 122,000 Ordinary Shares, representing 0.96% of the Company's issued share capital. In addition, Mr Raina is also interested in options over 520,000 Ordinary Shares granted under the Company's Unapproved Share Option Scheme and Mr Lieberman is also interested in options over 265,000 Ordinary Shares granted under the Company's Unapproved Share Option Scheme.

- Ends -

For further information please contact:

 
 Turbotec Products Plc 
 Robert Lowe, Non Executive Chairman        +44 (0) 79 1714 8930 
  RLowe@trbohx.com 
 
  Sunil Raina, Managing Director          Tel: +1 (860) 731-4200 
  SRaina@trbohx.com                     www.turbotecproducts.com 
 
  Robert Lieberman, Finance Director 
  RLieberman@trbohx.com 
 
  Seymour Pierce Limited 
 Guy Peters, Corporate Finance              Tel: +44 (0) 20 7107 
  Paul Jewell, Corporate Broking                            8000 
                                           www.seymourpierce.com

Media enquiries:

 
 Abchurch Communications 
 Mark Dixon                           Tel: +44 (0)20 7398 7729 
  mark.dixon@abchurch-group.com         www.abchurch-group.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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