8 Jul 2014 07:00
8 July 2014
Camco Clean energy plc
("Camco" or "the Company")
Director share participation in the Open Offer
Camco Clean Energy plc, the clean energy and energy storage company, today announces that the two executive Directors, being Scott McGregor and Jonathan Marren, have instructed application to be made to invest up to £80,000 (in aggregate) in the Open Offer announced on 27 June 2014.
The applications represent each of Scott McGregor and Jonathan Marren's full entitlements under the Open Offer and additional amounts for which they have applied through the Excess Application Facility at the Open Offer price of 4 pence per ordinary share.
In addition, each of the non-executive Directors owning shares, being Jeff Kenna and Michael Farrow, have also made applications covering their entitlements under the Open Offer.
Number of existing ordinary shares | Percentage of existing share capital | Take up of entitlement under the Open Offer | Excess application made | Total application | Number of Ordinary Shares (following Admission)* | Percentage of existing share capital (following Admission)** | |
Scott McGregor | 4,241,592 | 2.0% | 265,099 | 484,901 | 750,000 | 4,991,592 | 2.0% |
Jonathan Marren | 3,310,892 | 1.6% | 206,979 | 1,043,021 | 1,250,000 | 4,560,892 | 1.9% |
Jeff Kenna | 2,037,830 | 1.0% | 113,301 | 64,863 | 127,363 | 2,165,193 | 0.9% |
Michael Farrow | 81,158 | 0.0% | 5,072 | - | 5,072 | 86,230 | 0.0% |
9,671,472 | 539,650 | 1,592,785 | 2,132,435 | 11,803,907 | |||
* | Assume excess applications are not scaled back | ||||||
** | Assuming full take-up of entitlements under the Open Offer | ||||||
Definitions included in this announcement have the same meaning as those set out in the Circular to Shareholders dated 7 July 2014.
Enquiries:
Camco Clean Energy plc +44 (0) 207121 6100
Scott McGregor, Chief Executive Officer
Jonathan Marren, Chief Financial Officer
N+1 Singer (Nominated Adviser and Broker) +44 (0) 207 496 3000
Andrew Craig
Ben Wright
Newgate Threadneedle
Caroline Forde, Josh Royston, Hilary Millar +44 (0) 207 653 9850
About Camco Clean Energy
Camco Clean Energy plc (AIM: CCE) is a clean energy development company which combines technical and commercial expertise to finance, develop, and operate renewable energy projects and storage technology.
With 25 years of experience and an outstanding track record throughout Asia, North America, Africa and Europe, Camco works with local developers, governments, development banks, and private investors to implement clean energy projects, policies, and technologies and reduce emissions.
In the last year, Camco has developed utility scale biogas plants in the US, managed the funding of a number of smaller scale solar and biogas projects in Africa, and brought an advanced energy storage technology to market (REDTenergy).