Sabien Technology Group PLC
19 July 2007
SABIEN TECHNOLOGY GROUP PLC ('SABIEN' or the 'Company')
DIRECTOR'S DEALING
JULY 19 2007
Yesterday, the Company was advised by General Capital Venture Finance Limited
('GCVF'), a company of which Sabien non executive director Jonathan Hill is also
a director, that it has made the following share sales:
No of Shares Date of Sale Price
500,000* 29 December 2006 50p
25,000 15 January 2007 76p
25,000 25 January 2007 75p
100,000 01 February 2007 73p
100,000 18 April 2007 61p
* these shares have been sold but remain registered in GCVF's name on the share
register as security for a loan made to the purchaser.
Following these disposals GCVF currently has a holding of 2,750,000 shares
representing 10.35% of Sabien's issued share capital.
The share dealings referred to above were conducted in breach of a lock-in
agreement which was signed on 15 December 2006, the date of publication of the
Company's AIM Admission Document.
The Company and General Capital are currently considering what steps they will
take in this matter. A further announcement will be made as appropriate.
Contact:
Sabien Technology Group Plc Alan O'Brien CEO 020 7993 3700
Gus Orchard Finance Director
Brewin Dolphin Neil Baldwin 0113 241 0130
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
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