Directors' Dealings

Corac Group Plc -
RNS Number : 1910L
Corac Group Plc
04 May 2010
 
For Immediate Release
4 May 2010

Corac Group plc ("Corac" or the "Company")
Directors' Dealing

On 30 April 2010 Corac granted options over 1,200,000 ordinary shares, made up of options over 300,000 ordinary shares to each of Gerry Musgrave - Executive Chairman, Phil Cartmell - CEO, Mark Crawford - Commercial & Finance Director and Julian Reed - Chief Technical Officer.  They are exercisable at 21.75 pence per share between 30 April 2011 and 30 April 2020.

Following the above transactions Gerry Musgrave holds 1,445,530 ordinary shares and options over 2,493,334 ordinary shares, Phil Cartmell holds 100,000 ordinary shares and options over 2,300,000 ordinary shares, Mark Crawford holds options over 800,000 ordinary shares and Julian Reed holds 13,300 ordinary shares and options over 1,211,668 ordinary shares.

For further information please contact:

Corac Group plc
Professor Gerry Musgrave, Executive Chairman
Phil Cartmell, CEO
Mark Crawford, Commercial & Finance Director
01895 813463
 
FinnCap
Geoff Nash, Corporate Finance
Charlotte Stranner, Corporate Finance
Brian Patient, Sales
020 7600 1658
 
Buchanan Communications
Richard Darby
Ben Romney
020 7466 5000

NOTES TO EDITORS

Corac is an intellectual property and engineering group which holds many patents. It focuses on high speed electrical direct drive turbo machinery based on its unique expertise in gas bearings. Corac has created an innovative 'no oil' turbo compressor and is part of a joint industry programme for the downhole gas extraction industry.