Director/PDMR Shareholding

RNS Number : 3585X

Green Dragon Gas Ltd

03 December 2010

 



3 December 2010

GREEN DRAGON GAS LTD

("Green Dragon" or "the Company")

DIRECTOR'S INTEREST

Green Dragon Gas Ltd. (AIM:GDG), one of the largest independent companies involved in the production of CBM gas and the distribution and sale of wholesale gas in China, announces that today  Randeep S. Grewal, Chairman and CEO of the Company, agreed to sell 598,306 ordinary shares in the Company at a price of USD 11.68 per share, representing 0.7% of his beneficial holding in the Company, to facilitate the additional excess demand for the Company's share placement conducted by CLSA Limited today. Following this sale and the placement, Mr Grewal's beneficial interest in the Company will be 68.28% of the outstanding ordinary shares.

For further information on the Company and its activities, please refer to the website at www.greendragongas.com or contact:

Stephen Hill / Betty Cheung  Green Dragon Gas	[phone]
Dr Azhic Basirov / David Jones Nomad & Broker, Smith &Williamson	[phone]
Robert Collins / Tim Redfern Broker, Evolution Securities	[phone]
Judith Rawnsley Broker, CLSA	[phone]
James Henderson, Phillip Dennis Investor Relations, Pelham Bell Pottinger	[phone]

 

END

 

 

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