Director/PDMR Shareholding

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: [phone] 

Gus Orchard, CFO                                            www.sabien-tech.co.uk

Westhouse Securities

Antonio Bossi                                                    Tel: [phone]    

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.

 

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