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").
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
finnCap Ltd 020 7220 0500
Ed Frisby / Simon Hicks (Corporate Finance)
Andrew Burdis / Richard Chambers (ECM)
Whitman Howard Ltd 020 7659 1234
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.
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
Reason for the 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
Nature of the transaction
Transfer via sale and purchase of Ordinary Shares
Price(s) and volume(s)
· Aggregated volume
Transfer via sale and purchase of 738,095 Ordinary Shares at 105p per ordinary share
Date of the transactions
16 November 2018
Place of the transaction
London Stock Exchange (XLON)
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