Aggregated Micro Power Holdings PLC (LON:AMPH)

Aggregated Micro Power Holdings PLC (LON:AMPH)

Share Price
68.50 p
0 (0.00 %)
Market Cap
£43.42 m
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Aggregated Micro Power Holdings PLC RNS Release

Director/PDMR Shareholding

RNS Number : 2038U
Aggregated Micro Power Holdings PLC
10 July 2018

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 9 July 2018 of a share transfer pursuant to Neil Eckert's, Executive Chairman of the Company, transfer of his self-invested personal pension ("SIPP") from one Trustee to another Trustee in specie (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 £645,000 nominal of AMP Fixed Rate Secured Convertible Loan Notes 2021 ("CLNs").


At the same time, Mr Eckert has entered into an agreement with his new SIPP Trustee to charge all assets in his new SIPP, which will include 339,356 ordinary shares in the Company and 305,000 CLNs, 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. The transfer of the CLNs is expected to be effective very shortly and a further notification will be made at that time.


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.



Details of the person discharging managerial responsibilities / person closely associated



Neil Eckert


Reason for the Notification



Executive Chairman


Initial notification/Amendment

Initial notification


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor



Aggregated Micro Power Holdings plc





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


Description of the Financial instrument, type of instrument

-     Ordinary Shares of 0.5 pence

Identification code



Nature of the transaction

In specie transfer and charge over ordinary shares


Price(s) and volume(s)

Ordinary Shares







Aggregated information:

·    Aggregated volume

·    Price


-     In specie transfer of 339,356 ordinary shares at £1.03


Date of the transaction

28 June 2018


Place of the transaction

Outside of trading venue







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)    

Stephen Norcross/Richard Chambers (Corporate Broking)


Whitman Howard Ltd                                                020 7659 1234

Mark Murphy

Nick Lovering/Francis North


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.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit

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