12 Nov 2019 16:04
12 November 2019
PLUTUS POWERGEN PLC
("Plutus", the "Group" or the "Company")
Director/PDMR Shareholdings
Update on Director Dealings
Plutus PowerGen PLC (AIM: PPG), the AIM quoted power company focused on the development and operation of flexible energy generation ('FlexGen') projects in the UK, announces that it has today been notified that James Longley, Interim Chief Executive and Chief Financial Officer of the Company, today transferred 5,420,945 ordinary shares of 0.1 pence each ("Ordinary Shares") at an average price of 0.17025 pence per Ordinary Share into a SIPP account (the "Transfer").
Following the Transfer, James Longley's total beneficial interest remains unchanged at 81,666,667 Ordinary Shares, representing 9.36 per cent. of the current issued share capital of the Company.
In addition, and further to the announcement made by the Company on 31 July 2019 relating to the off market acquisition of 9,116,667 ordinary shares of 0.1p ("Ordinary Shares") by Mr Charles Tatnall and 9,116,667 Ordinary Shares by Mr James Longley, the Company can confirm that these transactions were undertaken at a deemed price of 0.3p per share. The Ordinary Shares were acquired from the Estate of the late Philip Stephens. The Company understands that there was no cash consideration and that the price of these transactions was a deemed price as the Ordinary Shares were acquired from the Estate of the late Philip Stephens in lieu of settlement of an outstanding debt between Messrs Tatnall and Longley and the Estate of late Philip Stephens.
**ENDS**
For further information, please visit www.plutuspowergen.com, or contact:
Plutus PowerGen Plc | +44 (0) 20 8720 6562 |
Charles Tatnall, Executive Chairman | |
Allenby Capital Limited (Nominated Adviser and Joint Broker) | +44 (0)20 3328 5656 |
Nick Athanas James Hornigold | |
Turner Pope Investments (TPI) Limited (Joint Broker) | +44 (0)20 3621 4120 |
Andy Thacker | |
St Brides Partners Limited (Financial PR) | +44 (0)20 7236 1177 |
Isabel de Salis |
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 | James Longley | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Interim Chief Executive Officer and Chief Financial Officer (PDMR) | ||||||
b)
| Initial notification /Amendment | Initial notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Plutus Powergen plc | ||||||
b) | LEI | 213800NIBLBUHHRBZI02 | ||||||
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 0.1p each in Plutus Powergen plc
Identification code (ISIN) for Plutus Powergen plc ordinary shares: GB00B1GDWB47 | ||||||
b) | Nature of the transaction | Transfer of Ordinary Shares from personal holding into a SIPP | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||
e) | Date of the transaction | 12/11/19 | ||||||
f) | Place of the transaction | London Stock Exchange | ||||||