Seascape Energy Regulatory News (SEA)

14 Jan 2010 12:03



SeaEnergy PLC

("SeaEnergy" or the "Company")

Director's shareholding

14 January 2010

The Company has been notified that Mr John Aldersey-Williams, Non-Executive Director, has today purchased 20,000 ordinary shares of 10 pence each in the issued share capital of the Company ("Ordinary Shares"), equivalent to 0.03 per cent. of the issued voting share capital. The Ordinary Shares were purchased at 57 pence per share. 

Following the above purchase, Mr Aldersey-Williams holds 67,816 Ordinary Shares, equivalent to 0.1 per cent. of the issued voting share capital of the Company.

For further information contact: 

www.seaenergy-plc.com

NOTES TO EDITORS

SeaEnergy PLC is the only listed pure play offshore wind energy company in the UK. SeaEnergy Renewables Limited is a subsidiary of the Company and is made up of the team which conceived, developed and delivered the world's first deep water wind farm development - the Beatrice offshore wind farm (10MW) (the "Beatrice Project") which is owned and operated by Talisman Energy. The Beatrice Project involved the installation of the two largest wind turbines (5MW each) ever deployed offshore, at water depths of 45 metres. This, combined with the SeaEnergy Renewable team's expertise in delivering deep water offshore developments in the oil and gas industry, puts SeaEnergy in an unrivalled position at the vanguard of the emerging offshore renewables industry.

Prior to the UK Round 3 award SeaEnergy had secured a 25% interest in two unrelated joint ventures to develop offshore wind farms in the UK with a total capacity of over 1800MW with partners Scottish & Southern Energy (Airtricity) and RWE AG (npower). The recent award of UK Round 3 of Zone 1 with partners EDPR takes SeaEnergy's net capacity in the UK to over 780MW, SeaEnergy has also signed a Heads of Terms Agreement to develop offshore wind farms in Taiwan with Taiwan Generations Corporation, the first project of which provides a minimum capacity net to SeaEnergy of 150MW giving a total worldwide capacity net to SeaEnergy of over 930 MW.