TGE Tge Marine

RNS Number:4182Q
TEG Environmental Plc
24 August 2005

For Immediate Release                                          24th August 2005



                             TEG Environmental Plc


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO
THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND, THE
REPUBLIC OF SOUTH AFRICA OR JAPAN.

Neither this announcement nor any copy of it may be taken, transmitted or
distributed, directly or indirectly, in or into the United States, Canada,
Australia, the Republic of Ireland, the Republic of South Africa or Japan. Any
failure to comply with this restriction may constitute a violation of United
States, Canadian, Australian, Republic of South Africa, Republic of Ireland or
Japanese securities laws.




Update re Equity issue



The Company is pleased to announce that, further to the announcement of 18
August 2005, it has received commitments from institutional investors to
subscribe for the 9,000,000 ordinary shares of the Company available under the
placing at a price of 37p per ordinary share. Application has been made for
these shares to be admitted to trading on AIM and dealings are expected to
commence on 25 August 2005. Canaccord Capital (Europe) Limited acted as broker
to the placing.


The offer for subscription also announced on 18 August of up to 1,000,000
ordinary shares at 37p per ordinary share is expected to close on 9 September
2005 and a further announcement will be made shortly thereafter.





For further information, please contact:



TEG Environmental Plc
Mick Fishwick, Chief Executive                 01772 422220



Binns & Co PR Ltd
Peter Binns                                    020 7786 9600





ENDS


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            The company news service from the London Stock Exchange
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