Proactive Investors - Run By Investors For Investors

Helius Energy non-exec Angus MacDonald ups stake to 18.13pct

Helius Energy non-exec Angus MacDonald ups stake to 18.13pct

Helius Energy (LON:HEGY) has received a vote of confidence from its non-executive director Angus MacDonald, who has bought £82,500 worth of shares in the company at a premium to the current market price.

Over the past two days, MacDonald has purchased 500,000 shares at a price of 16.5 pence per share compared with Wednesday’s closing price of 15.75 pence to increase his total shareholding to 24 million shares, which represents an 18.13 percent stake in the company.

Last month, the company told investors that it expected the 7.2 MW Rothes project in Scotland to begin commercial operations in the first half of 2013.

It also said that its project pipeline was progressing well with contracts being finalised for the Avonmouth project on the Bristol channel, which would allow finance to be secured.

In Southampton, its proposed 100MW biomass plant is in the consent process.

The company booked revenues of £151,000 in the six months to March 31 this year, compared to zero in the comparable period.

It narrowed the loss before tax to £644,000 compared to a loss of £956k in 2011. As at the period end, it had cash of £4.3 million compared to £6.6 million a year earlier.

View full HEGY profile View Profile

Helius Energy Timeline

December 06 2011

Related Articles

Hydrogen element symbol
June 26 2019
The fuel cell developer is placing itself at the forefront of the growing hydrogen power market, forecast to be worth around US$2.5trn by 2050
Alternus Energy solar park in Italy
December 18 2018
The clean energy company’s portfolio includes solar parks in Italy, Germany, and, soon, in the Netherlands
double decker bus
Here we take a closer look at Ceres Power PLC (LON:CWR), which is commercialising a revolutionary fuel cell technology

© 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