GTS Chemical Holdings PLC Change of registered holding of Director's shares (1586F)

TIDMGTS

RNS Number : 1586F

GTS Chemical Holdings PLC

17 February 2015

17 February 2015

GTS Chemical Holdings plc

(The "Company" or "GTS")

Change of registered holding of Director's shares

The Company announces that SinoEuro Runtai Environment Protection Resource Co., Ltd. ("SinoEuro Runtai"), a company wholly owned by Cheng Liu, CEO of GTS, having consulted with the Company and SP Angel Corporate Finance LLP, has transferred its entire holding of 78,057,556 ordinary shares of 1 pence each in the Company ("Ordinary Shares") to SinoEuro Runtai's account at Credit Suisse AG. The shares will be registered in the name of Lynchwood Nominees Limited.

Following this transaction, Cheng Liu's total beneficial interest in the Company remains unchanged at 78,057,556 Ordinary Shares representing 76.29% of the issued share capital and total voting rights of the Company. The Ordinary Shares held by SinoEuro Runtai remain subject to the lock-in provisions as outlined in the Company's Admission Document.

Enquiries:

 
 GTS 
  Mr Roy Su, CFO                                Tel: [phone] 
 SP Angel Corporate Finance LLP               Tel: [phone] 
  Nominated Adviser and Broker 
  David Facey / Stuart Gledhill / Liz Yong 
 Yellow Jersey PR Limited                     Tel: [phone] 
 Alistair de Kare-Silver / Dominic Barretto   Email: [e-mail] 
 

About GTS Chemical Holdings plc

AIM listed GTS Chemical Holdings plc is the largest Chinese producer of ammonium sulfite, a specialty chemical used in the paper, chemical engineering, food and pharmaceutical industries. GTS is also the second largest producer of ammonium bisulfite, a preservative and reducing agent used in the petroleum drilling, water treatment and chemical engineering industries and for industrial desulfurization. The manufacturing of these two specialty chemicals comprises the Group's core business segment. GTS has a rapidly growing lubricant oil division, which services the automotive and industrial markets.

The Group is located in Shandong Province, one of the largest provinces in China ranked by GDP, and an area rich in downstream industries. GTS' location also means it is close to several chemical plants and paper factories, and it benefits from access to lower cost raw materials through the use of low concentration waste products from nearby industry, all of which gives GTS a distinct advantage over its competitors.

The Company is exposed to structural growth in the paper industry and chemicals sector, and market research estimates that from 2014 to 2020, China's demand for ammonium sulfite, led by the paper industry, is set to grow at an annual compound growth rate of 12%. GTS stands to gain from the Chinese Government's support of the non-wood paper industry and its drive to restructure the lubricant oil market through increased regulation and higher standards which favour the more modern producer.

The Group has a history of strong profit growth and consistently high operating margins.

This information is provided by RNS

The company news service from the London Stock Exchange

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