30 Oct 2018 10:12
Aggregated Micro Power Holdings plc
("AMP", the "Group" or the "Company")
Director/PDMR Shareholding
Aggregated Micro Power Holdings plc (AIM: AMPH), the specialist provider of distributed heat, power and renewable fuels, was notified on 25 October 2018 that Neil Eckert, Executive Chairman of the Company, had dealt in the ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") as follows:
- transfer of a total of 7,176,944 Ordinary Shares from being held in his own name to being held on his behalf by UBS Nominee Limited; and
- transfer via sale and purchase of 261,900 Ordinary Shares from being held in his own name to being held in his self-invested personal pension ("SIPP"). Mr Eckert has an agreement with his SIPP Trustee to charge all assets in his SIPP, which will include these Ordinary Shares, as security for a revolving credit facility. Under the terms of the charge, title to the securities in the Company can be transferred, sold or otherwise dealt with by the SIPP Trustee following an event of default under the security agreement;
(together, the "Transfer").
Following the completion of the Transfer, there will be no change to Mr Eckert's total beneficial interest in the Company, being 7,850,700 ordinary shares representing approximately 18.2% of the Company's issued share capital and £950,000 nominal of AMP Fixed Rate Secured Convertible Loan Notes 2021 ("CLNs").
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 | Neil Eckert | ||||||||||
2. | Reason for the Notification | |||||||||||
a) | Position/status | Executive Chairman | ||||||||||
b) | Initial notification/Amendment | Initial notification | ||||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||
a) | Name | Aggregated Micro Power Holdings plc | ||||||||||
b) | LEI | 2138001HABA1FAB3WC13 | ||||||||||
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 | - Ordinary Shares of 0.5 pence | ||||||||||
Identification code | GB00BC4F3V69 | |||||||||||
b) | Nature of the transaction | 1. In specie transfer of ordinary shares 2. Transfer via sale and purchase of ordinary shares | ||||||||||
c) | Price(s) and volume(s) | 1. In specie transfer of ordinary shares
2. Transfer via sale and purchase of ordinary shares
| ||||||||||
d) | Aggregated information: · Aggregated volume · Price | 1. In specie transfer of 7,176,944 ordinary shares 2. Transfer via sale and purchase of 261,900 ordinary shares at 105p per ordinary share | ||||||||||
e) | Date of the transactions | 25 October 2018 | ||||||||||
f) | Place of the transaction | 1. Outside a trading venue 2. London Stock Exchange (XLON) | ||||||||||
Contacts
Aggregated Micro Power Holdings plc 020 7382 7800
Neil Eckert, Executive Chairman
Richard Burrell, CEO
Izzy Deterding, Investor Relations
Haggie Partners LLP 020 7562 4444
Peter Rigby
finnCap Ltd 020 7220 0500
Ed Frisby/Simon Hicks (Corporate Finance)
Richard Chambers (ECM)
Whitman Howard Ltd 020 7659 1234
Hugh Rich
Nick Lovering
About Aggregated Micro Power Holdings plc
The AMP Group was established to develop, own and operate renewable energy generating facilities. It specialises in the sale of wood fuels and in the installation of distributed energy projects. AMP's wholly owned subsidiary Forest Fuels sells high quality wood chip and wood pellet to end customers throughout the UK, while its projects division installs biomass boiler and biomass CHP systems for a wide range of applications and customers. AMP is also active in developing projects for stand-by power generation which aim to balance the transmission grid at times of peak demand.
www.ampplc.co.uk