Director Shareholding

RNS Number : 4557B

Sabien Technology Group PLC

03 April 2013

 



3 April 2013

Sabien Technology Group plc

("Sabien" or "the Company")

Director's holding

Sabien has yesterday been informed that Karl Monaghan, a non-executive director of the Company, transferred 750,000 Ordinary Shares in the Company to his wife for nil consideration and 100,000 Ordinary Shares into his SIPP. As a result of the first transaction, Karl's holding in the Company's share capital is now 508,850 Ordinary Shares representing approximately 1.6 per cent of the 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]    

Paul Gillam                                           www.altiumcapital.com

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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