Holding(s) in Company

RNS Number : 5505D

Sabien Technology Group PLC

17 September 2008

 

                                                      Sabien Technology Group plc

('Sabien')

Holding(s) in company 

Sabien Technology Group Plc has been informed by SE Global SA, a Luxembourg company, that it has acquired 3,375,000 ordinary shares in Sabien formerly held by Karl Watkin and two other small shareholders. The transactions took place on 17 July and on 18 and 28 August 2008 respectively.

This holding represents 12.7% of the issued share capital of Sabien. As a result of this transaction, Mr Watkin is no longer a shareholder in Sabien.

SE Global SA is a privately held company with primary focus on medium to long-term investments in the renewable energy sector.  Investments to date include wind and solar projects in Continental Europe and advertising and distribution companies in the United States. 

For further information:

Sabien Technology Group plc Alan O'Brien - Chief Executive Officer Gus Orchard - Finance Director	020 7993 3700
Arbuthnot Securities James Steel / Antonio Bossi	020 7012 2000
Madano Partnership Mark Way / Dominic Barretto	020 7593 4000

About Sabien:

Sabien Technology Group (AIM: SNT) manufactures and sells M2G and M3G energy saving devices which are proven to reduce energy consumption on commercial boilers and air conditioning units by up to 35%.

 

END

 

 

HOLGUUPCBUPRGGQ