29 Jun 2017 16:00
Aggregated Micro Power Holdings plc
("AMP", the "AMP Group" or the "Company")
Director/PDMR Shareholdings
Aggregated Micro Power Holdings plc (AIM: AMPH), a distributed energy company specialising in the sale of wood fuels and the financing and installation of distributed energy projects including biomass boiler ESCOs (Energy Supply Contracts), stand by power generation and battery storage facilities, announces that the Company's Remuneration Committee ("RemCo") has decided to extend the exercise period for the following options over ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares"), previously granted to persons discharging managerial responsibilities ("PDMR's") of the Company:
- a total of 4,999,999 options over Ordinary Shares ("Deferred Consideration Options") granted to Neil Eckert (Executive Chairman); Mathieson Capital LLP (an entity controlled by Richard Burrell (Chief Executive Officer)); and Peter Solly (Managing Director, Forest Fuels) as part of the deferred consideration due to them in relation to the acquisitions by the Company of AMP Energy Services Limited; Mathieson Biomass Limited; and Forest Fuels Holdings Ltd respectively; and
- 250,000 options over Ordinary Shares ("TSR Options") granted to Mark Tarry (Chief Financial Officer).
The exercise period of the Deferred Consideration Options and the TSR Options has been extended from 31 December 2017 to 31 December 2020. All other terms, performance and vesting criteria of the Deferred Consideration Options and the TSR Options remain the same.
The RemCo has also granted a total of 518,603 new options over Ordinary Shares ("New Options") to Neil Eckert, Richard Burrell, Mark Tarry and other employees of the Company. The New Options expire on 31 December 2020 and are subject to the same performance and vesting criteria as the Deferred Consideration Options and the TSR Options.
Further information is set out in the PDMR disclosure tables below.
Contacts
Aggregated Micro Power Holdings plc 020 7382 7800
Neil Eckert, Executive Chairman
Richard Burrell, CEO
Helene Crook, Investor Relations
Haggie Partners 020 7562 4444
Peter Rigby / Brian Norris
finnCap Ltd 020 7220 0500
Ed Frisby/Simon Hicks (Corporate Finance)
Stephen Norcross / Sultan Awan (Corporate Broking)
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 and battery storage facilities which aim to balance the transmission grid at times of peak demand.
www.ampplc.co.uk
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
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 (Executive Chairman) | ||||||||
2. | Reason for the Notification | |||||||||
a) | Position/status | See 1(a) above -classified as a PDMR of the Company | ||||||||
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 | n/a | ||||||||
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 | Options over ordinary shares of 0.5 pence each ("Ordinary Shares") | ||||||||
Identification code | GB00BC4F3V69 | |||||||||
b) | Nature of the transaction | - Extension of option exercise period to 31 December 2020 - Grant of options over Ordinary Shares | ||||||||
c) | Price(s) and volume(s) | - Extension of options over Ordinary Shares:
- Grant of options over Ordinary Shares:
| ||||||||
d) | Aggregated information: · Aggregated volume · Price | See (c) above | ||||||||
e) | Date of the transaction | 29 June 2017 | ||||||||
f) | Place of the transaction | Outside a trading venue
| ||||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Richard Burrell (Chief Executive Officer) and Mathieson Capital LLP, an entity controlled by Richard Burrell | ||||||||
2. | Reason for the Notification | |||||||||
a) | Position/status | See 1(a) above -classified as a PDMR of the Company | ||||||||
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 | n/a | ||||||||
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 | Options over ordinary shares of 0.5 pence each ("Ordinary Shares") | ||||||||
Identification code | GB00BC4F3V69 | |||||||||
b) | Nature of the transaction | - Extension of option exercise period to 31 December 2020 - Grant of options over Ordinary Shares | ||||||||
c) | Price(s) and volume(s) | - Extension of options over Ordinary Shares:
- Grant of options over Ordinary Shares:
| ||||||||
d) | Aggregated information: · Aggregated volume · Price | See (c) above | ||||||||
e) | Date of the transaction | 29 June 2017 | ||||||||
f) | Place of the transaction | Outside a trading venue
| ||||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Peter Solly (Managing Director, Forest Fuels) | ||||
2. | Reason for the Notification | |||||
a) | Position/status | See 1(a) above -classified as a PDMR of the Company | ||||
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 | n/a | ||||
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 | Options over ordinary shares of 0.5 pence each ("Ordinary Shares") | ||||
Identification code | GB00BC4F3V69 | |||||
b) | Nature of the transaction | - Extension of option exercise period to 31 December 2020 | ||||
c) | Price(s) and volume(s) | - Extension of options over Ordinary Shares:
| ||||
d) | Aggregated information: · Aggregated volume · Price | See (c) above | ||||
e) | Date of the transaction | 29 June 2017 | ||||
f) | Place of the transaction | Outside a trading venue
| ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||
a) | Name | Mark Tarry (Chief Financial Officer) | ||||||||||
2. | Reason for the Notification | |||||||||||
a) | Position/status | See 1(a) above -classified as a PDMR of the Company | ||||||||||
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 | n/a | ||||||||||
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 | Options over ordinary shares of 0.5 pence each ("Ordinary Shares") | ||||||||||
Identification code | GB00BC4F3V69 | |||||||||||
b) | Nature of the transaction | - Extension of option exercise period to 31 December 2020 - Grant of options over Ordinary Shares | ||||||||||
c) | Price(s) and volume(s) | - Extension of options over Ordinary Shares:
- Grant of options over Ordinary Shares:
| ||||||||||
d) | Aggregated information: · Aggregated volume · Price | See (c) above | ||||||||||
e) | Date of the transaction | 29 June 2017 | ||||||||||
f) | Place of the transaction | Outside a trading venue
| ||||||||||