22 Sep 2020 07:00
22 September 2020
Advance Energy plc
("Advance Energy" or the "Company")
Director/PDMR Shareholdings
Advance Energy plc (AIM:ADV), the energy company seeking growth through acquisition or farm-in to non-operated interests in discovered upstream projects, advises that Mark Rollins, Non-Executive Chairman, and Stephen West, Chief Financial Officer, have purchased ordinary shares in the Company, as detailed below:
Name | Number of Ordinary Shares | Average Price Paid Per Share | Total Consideration Paid |
Mark Rollins | 6,500,000 | 0.19625 pence | £12,756.25 |
Stephen West | 5,000,000 | 0.20 pence | £10,035.61 |
Following the above purchase of shares, Mr Rollins and Mr West hold interests in the following Company securities:
Name | Number of Ordinary Shares Held | % of Issued Share Capital | Number of Share Options Held |
Mark Rollins | 139,833,333 | 8.96% | 50,000,000 |
Stephen West | 8,799,201 | 0.56% | 25,000,000 |
Mr Rollins' shares are held in the name of Noiva International SA.
Enquiries:
Buchanan (Public Relations)
Ben Romney / Kelsey Traynor +44 (0)20 7466 5000
Beaumont Cornish Limited (Nominated Adviser)
Roland Cornish / James Biddle +44 (0) 20 7628 3396
Novum Securities Limited (Joint Broker)
Colin Rowbury +44 (0)20 7399 9427
Optiva Securities Limited (Joint Broker)
Christian Dennis +44 (0)20 3411 1881
For further information, please visit www.advanceplc.com and @advanceplc on Twitter
To register for Advance's email alerts, please complete the following form: https://www.advanceplc.com/media-centre/news/#alerts
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR").
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Mark Rollins | |
2 | Reason for the notification | ||
a) | Position/status | Non-Executive Chairman | |
b) | Initial notification /Amendment | Initial | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Advance Energy plc | |
b) | LEI | 213800TZWOYU7UFZ5V63 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of nil par value
ISIN: IM00BZ7PNY71 | |
b) | Nature of the transaction | Purchase of 6,500,000 ordinary shares | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 0.1850 pence per share 0.2075 pence per share | 3,250,000 3,250,000 | |
d | Aggregated information - Aggregated volume - Price |
- 6,500,000 - 0.19625p | |
e) | Date of the transactions | 21 September 2020 | |
f) | Place of the transactions | Outside a trading venue | |
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Stephen West | |
2 | Reason for the notification | ||
a) | Position/status | CFO & Executive Director | |
b) | Initial notification /Amendment | Initial | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Advance Energy plc | |
b) | LEI | 213800TZWOYU7UFZ5V63 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of nil par value
ISIN: IM00BZ7PNY71 | |
b) | Nature of the transaction | Purchase of 5,000,000 ordinary shares | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 0.200 pence 0.198 pence | 4,988,050 11,950 | |
d | Aggregated information - Aggregated volume - Price |
- 5,000,000 - 0.20 pence | |
e) | Date of the transactions | 21 September 2020 | |
f) | Place of the transactions | Outside a trading venue | |