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Turbotec Products (TRBO)

 25.50p
   
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  • 52 Week High: 38.50p
  • 52 Week Low: 23.00p
  • Currency: UK Pounds
  • Shares Issued: 12.81m
  • Volume: 0
  • Market Cap: £3.27m
  • RiskGrade: 48
  • Beta: 0.06

Director/PDMR Shareholding

RNS Number : 5467Y
Turbotec Products PLC
23 December 2010
 



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:

Turbotec Products Plc

www.turbotecproducts.com

Robert Lieberman, Company Secretary and Financial Director

 

Tel: +1 (860) 732 4200

Evolution Securities Limited

 

Joanne Lake / Peter Steel

Tel: +44 (0) 113 243 1619

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

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