Aggregated Micro Power Holdings PLC (LON:AMPH)

Aggregated Micro Power Holdings PLC (LON:AMPH)


Share Price
72.50 p
Change
0 (0.00 %)
Market Cap
£45.96 m
Proactive Investors - Run By Investors For Investors

Aggregated Micro Power Holdings PLC RNS Release

Result of Call of Convertible Loan Notes


RNS Number : 0359K
Aggregated Micro Power Holdings PLC
11 December 2018
 

Aggregated Micro Power Holdings plc

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

Result of Call of Convertible Loan Notes

Further to the announcement of 8 November 2018, Aggregated Micro Power Holdings plc, the specialist provider of distributed heat, power and renewable fuels, confirms that the redemption of the Convertible Loan Notes occurred at the close of business on 10 December 2018 (the "Redemption Date").

Of the £10.01 million nominal of Convertible Loan Notes outstanding, it has received elections from 91% of Noteholders to convert £9.13 million nominal of Convertible Loan Notes into a total of 11,702,811 new Ordinary Shares. Therefore, the Company is redeeming the remaining £0.88 million nominal of Convertible Loan Notes at par.

It is anticipated that the cancellation of the listing of the Convertible Loan Notes on TISE will occur by 14 December 2018.

Director Shareholdings

Of the £10.01 million nominal of Convertible Loan Notes, the Directors and management of the Company held, in aggregate, £2.22 million nominal, which they committed to convert into new Ordinary Shares. The resultant shareholdings of the Directors who hold Convertible Loan Notes is set out below:

Director

Role

Previous shareholding

£nominal of Convertible Loan Notes held

New Ordinary  Shares received

Revised shareholding

Percentage of enlarged issued share capital held

Neil Eckert

Executive Chairman

7,850,700

£950,000

1,315,947

9,166,647

14.5%

Richard Burrell

CEO

2,730,000

£400,000

465,116

3,195,116

5.0%

Sir Brian Williamson

Non-Executive Director

100,000

£20,000

28,571

128,571

0.2%

Sir Laurence Magnus

Non-Executive Director

175,000

£46,250

62,085

237,085

0.4%

Robert Bland

Non-Executive Director

0

£290,613

337,922

337,922

0.5%

 

Total Voting Rights

Application has been made to the London Stock Exchange for the 11,702,811 new Ordinary Shares arising from the Conversion to be admitted to trading on AIM ("Admission").

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 13 December 2018. On Admission the Company's issued share capital will comprise 63,393,954 Ordinary Shares. The Company holds no Ordinary Shares in treasury. Accordingly, the figure of 63,393,954 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the Circular containing notice of the General Meeting, a copy of which is available on the Company's website www.ampplc.co.uk.

 

Contacts:

 

Aggregated Micro Power Holdings plc                                   020 7382 7800

Neil Eckert, Executive Chairman

Richard Burrell, CEO

Izzy Deterding, Investor Relations

 

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

 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.



 

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

Conversion of Convertible Loan Notes into Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

70p

1,135,714

86p

180,233

d)

Aggregated information:

·     Aggregated volume

·     Price

Conversion of £950,000 nominal of Convertible Loan Notes into 1,315,947 Ordinary Shares

e)

Date of the transaction

10 December 2018

f)

Place of the transaction

Outside a trading venue

 



 

1.   

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Richard Burrell

2.               

Reason for the Notification

a)

Position/status

CEO

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

Conversion of Convertible Loan Notes into Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

86p

465,116

d)

Aggregated information:

·     Aggregated volume

·     Price

Conversion of £400,000 nominal of Convertible Loan Notes into 465,116 Ordinary Shares

e)

Date of the transaction

10 December 2018

f)

Place of the transaction

Outside a trading venue

 



 

1.   

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sir Brian Williamson

2.               

Reason for the Notification

a)

Position/status

Non-Executive Director

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

Conversion of Convertible Loan Notes into Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

70p

28,571

d)

Aggregated information:

·     Aggregated volume

·     Price

Conversion of £20,000 nominal of Convertible Loan Notes into 28,571 Ordinary Shares

e)

Date of the transaction

10 December 2018

f)

Place of the transaction

Outside a trading venue

 



 

1.   

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sir Laurence Magnus

2.               

Reason for the Notification

a)

Position/status

Non-Executive Director

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

Conversion of Convertible Loan Notes into Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

70p

44,643

80p

17,442

d)

Aggregated information:

·     Aggregated volume

·     Price

Conversion of £46,250 nominal of Convertible Loan Notes into 62,085 Ordinary Shares

e)

Date of the transaction

10 December 2018

f)

Place of the transaction

Outside a trading venue

 



 

1.   

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Robert Bland

2.               

Reason for the Notification

a)

Position/status

Non-Executive Director

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

Conversion of Convertible Loan Notes into Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

86p

337,922

d)

Aggregated information:

·     Aggregated volume

·     Price

Conversion of £290,613 nominal of Convertible Loan Notes into 337,922 Ordinary Shares

e)

Date of the transaction

10 December 2018

f)

Place of the transaction

Outside a trading venue

 


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.
 
END
 
 
MSCBIBDDGDBBGIG

Aggregated Micro Power Holdings PLC Timeline

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use