Director/PDMR Shareholding Mechan Controls PLC announces Directors' dealings
Date: 10 Feb 2010
Mechan Controls PLC Announcement of Directors' Dealings
The company announces that Directors Wilf Boardman and Mabruk Farrah have agreed
to sell shares by off market transactions to Worship Street Investments Ltd. The
shares were sold at an agreed price of 130p.
Wilf Boardman sold 15,000 shares, his total shareholding is now 1,000,000 shares
equivalent to 50%.
Mabruk Farrah sold 10,000 shares his total shareholding is now 133,000 shares
equivalent to 6.665%.
The Directors of the company are very pleased to welcome Worship Street as an
investor. We believe this investment reflects our own confidence in Mechan's
future and its status as an exciting growth prospect in the field of electronic
safety systems. These Directors would like to reiterate that the transactions
also help satisfy their undertaking to maintain liquidity in the shares and they
maintain their confidence in the long term future of Mechan Controls PLC.