Holdings in Company

RNS Number : 6693M

Corac Group Plc

02 February 2009

Corac Group plc  (the "Company") 

Holdings in the Company 

The Company was informed that, as at 30 January 2009, Majedie Investments Plc reduced their interest and voting rights in the ordinary shares of nominal value 10p each in the Company to less than 3.0%. 

For further information please contact:

Professor Gerry Musgrave

Corac Group plc Tel: 01895 813463 

Ivonne Cantu/Camilla Hume - Corporate Finance

Christian Hobart - Sales

Cenkos Securities plc Tel: 020 7397 8900 

NOTES TO EDITORS

Corac is an intellectual property, engineering and licensing 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 together with a unique gas seal, and is part of a joint industry programme for the downhole gas extraction industry. 

Further information on Corac is available on the internet at www.corac.co.uk