Aggregated Micro Power Holdings PLC (LON:AMPH)

Aggregated Micro Power Holdings PLC (LON:AMPH)


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

Director/PDMR Shareholding


RNS Number : 8297H
Aggregated Micro Power Holdings PLC
20 November 2018
 

Aggregated Micro Power Holdings plc

("AMP", the "Company" or the "Group")

Director/PDMR Shareholding

Aggregated Micro Power Holdings plc, the specialist provider of distributed heat, power and renewable fuels, was notified on 16 November 2018 that Neil Eckert, Executive Chairman of the Company, had transferred via sale and purchase 738,095 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") from being held in his own name to being held in his self-invested personal pension ("SIPP")  (the "Transfer"). Mr Eckert has an agreement with his SIPP Trustee to charge all assets in his SIPP, which will include these Ordinary Shares, 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.

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 15.2% of the Company's issued share capital and £950,000 nominal of AMP Fixed Rate Secured Convertible Loan Notes 2021 ("CLNs").

 

 

Contacts:

 

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)      

Andrew Burdis / Richard Chambers (ECM)

 

Whitman Howard Ltd                                                                    020 7659 1234

Hugh Rich

Nick Lovering                                                                   

 

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 aims to balance the transmission grid at times of peak demand.

 

www.ampplc.co.uk



 

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

2.               

Reason for the Notification

a)

Position/status

Executive Chairman

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

2138001HABA1FAB3WC13

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

Ordinary Shares of 0.5 pence

Identification code

GB00BC4F3V69

b)

Nature of the transaction

Transfer via sale and purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

105p

738,095

d)

Aggregated information:

·     Aggregated volume

·     Price

Transfer via sale and purchase of 738,095 Ordinary Shares at 105p per ordinary share

e)

Date of the transactions

16 November 2018

f)

Place of the transaction

London Stock Exchange (XLON)

 

 


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 www.rns.com.
 
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