Turbotec Products Plc
("Turbotec" or "the Company")
Director/PDMR shareholding
On 21 December 2010, the board of Turbotec received notification that on the same day, Burlington Holdings, Inc ("Burlington Holdings") purchased 550,000 ordinary shares of 1 penny each ("Ordinary Shares") in the issued share capital of the Company at a price of 28 pence per Ordinary Share. Following this transaction, Burlington Holdings' interest is now in 890,000 Ordinary Shares, representing 6.95% of the Company's issued share capital.
Joseph DeSena, a Non-executive Director of the Company, holds the majority of the voting rights in Burlington Holdings. Mr DeSena also holds a direct beneficial interest in 1,360,000 Ordinary Shares, representing 10.62% of the Company's issued share capital, which remains as previously notified. Mr DeSena now holds, directly and indirectly, an aggregate beneficial interest in 2,250,000 Ordinary Shares, representing 17.57% of the Company's issued share capital.
For further information please contact:
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Turbotec Products Plc |
www.turbotecproducts.com |
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Robert Lieberman, Company Secretary and Financial Director
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Tel: +1 (860) 732 4200 |
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Evolution Securities Limited |
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Joanne Lake / Peter Steel |
Tel: +44 (0) 113 243 1619 |
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