Sabien Technology Group PLC Director/PDMR Shareholding (5480J)
April 07 2015 - 12:03PM
UK Regulatory
TIDMSNT
RNS Number : 5480J
Sabien Technology Group PLC
07 April 2015
Sabien Technology Group plc
("Sabien" or the "Company")
Director's Shareholding
Sabien Technology Group PLC (AIM: SNT), the manufacturer and
supplier of M2G, a boiler energy efficiency technology, has been
notified that on 7 April 2015 Karl Monaghan, a non-executive
director, transferred 89,254 ordinary shares of five pence each
("Ordinary Shares") in the Company to his Self-Invested Personal
Pension (SIPP) at a price of 13.51 pence per Ordinary Share.
The Company has also been notified that Rosena Monaghan, Karl
Monaghan's wife, has transferred 467,045 Ordinary Shares into her
SIPP at a price of 13.51 pence per Ordinary Share.
As a result of this transaction Karl Monaghan holds, directly
and indirectly through his wife, 1,257,945 Ordinary Shares which
represent approximately 4% of the Company's issued share
capital.
For further information:
Sabien Technology Group plc
Alan O'Brien, CEO Tel: +44 (0)20 7993 3700
Gus Orchard, CFO www.sabien-tech.co.uk
Westhouse Securities
Antonio Bossi Tel: +44 (0)20 7601 6100
Background:
Sabien Technology is a UK-based company which specialises in
providing proven and commercially viable technology to reduce
carbon emissions and energy usage for private and public
organisations.
The M2G is a patented energy efficient technology designed to
reduce fuel consumption in commercial boilers. M2G dynamically
responds to changing load demand by measuring, identifying and
removing dry cycling thus maximising efficiency under all
conditions.
M2G is retro-fitted to commercial boilers regardless of age and
size and fully integrates and complements existing controls, such
as BMS, boiler sequencing, weather compensation and building
optimisation controls.
Using intelligent software and hardware, the M2G unit improves a
boiler's efficiency by reducing energy wastage. For further
information, please visit our website www.sabien-tech.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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