Kromek Group PLC Director/PDMR Shareholding (2618E)
08 April 2014 - 2:03AM
UK Regulatory
TIDMKMK TIDMAMP
RNS Number : 2618E
Kromek Group PLC
07 April 2014
For immediate release: 7 April 2014
Kromek Group plc ("Kromek" or "the Company")
Director / PDMR shareholding
The Company was informed today that Richard Morgan, Chairman of
the Company, purchased 40,000 Ordinary Shares ("Shares") of 1p each
at an average of 50p per share on 07 April 2014, representing 0.04
per cent of the Company's total issued share capital.
Mr Morgan's total holding in the Company is now 372,310 Shares
of 1p each, representing 0.35 per cent of the Company's total
issued share capital.
Mr Morgan is also interested in Amphion Innovations plc through
his Directorship in Amphion Innovations plc which holds 12,450,420
ordinary shares in Kromek being 11.6 per cent of the Company's
total issued share capital.
-ends-
For further information, please contact:
Kromek Group plc Tel: 01740 626060
Arnab Basu, CEO
Derek Bulmer, CFO
Panmure Gordon Tel: 020 7886 2500
As Nominated Adviser and Broker
Corporate Finance
Freddy Crossley
Broking
Adam Pollock/ Charles Leigh-Pemberton
Tavistock Communications Tel: 020 7920 3150
Matt Ridsdale / Andrew Dunn
About Kromek Group plc
Kromek Group plc is a UK technology company (global HQ in County
Durham) and a leading developer of high performance radiation
detection products based on cadmium zinc telluride ("CZT"). Using
its core CZT technology Kromek designs, develops and produces x-ray
and gamma ray imaging and radiation detection products for the
medical, security screening and nuclear markets.
The Group's products provide high resolution information on
material composition and structure and are used in multiple
applications, ranging from the identification of cancerous tissues
to hazardous materials, such as explosives, and the analysis of
radioactive materials.
Kromek uses multiple technologies in its manufacturing
processes, including the established methods of 'liquid phase'
detector production, and also 'vapour phase' production methods,
which allow the production of high quality, high performance
detectors on an industrial scale. Kromek has an intellectual
property portfolio of more than 70 granted patents and 110 pending
applications.
The Group's business model provides a vertically integrated
technology offering to customers, from the growth of CZT crystals
to finished products or detectors, including software, electronics
and application specific integrated circuits ("ASICs").
The Board believes that the vertical integration offered by
Kromek, combined with the benefit of 25 years of research into CZT
production and the patents and trade secrets accumulated by the
Group, are unparalleled in the market place.
The Group has operations in the UK, Germany and US (California
and Pennsylvania), and is selling internationally through a
combination of distributors and direct OEM sales.
Currently, the Group has over a hundred full time employees
across its global operations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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