Plutus PowerGen PLC Director Dealing (8357Z)

TIDMPPG

RNS Number : 8357Z

Plutus PowerGen PLC

22 September 2015

22 September 2015

Plutus PowerGen Plc / Ticker: PPG / Index: AIM

Plutus PowerGen plc ('PPG' or 'the Company')

Director Dealing

Plutus PowerGen plc, the AIM listed power company focused on the development, construction and operation of flexible stand-by electricity generation in the UK, announces that it was notified on 21 September 2015 that Mr. Philip Stephens, Chief Executive Officer of the Company, transferred 8,012,823 ordinary shares of 0.1 pence each ("Ordinary Shares") held in his self-invested personal pension with Cornhill Capital Limited to an account in his self-invested personal pension held with Hurley Partners Limited, at a price of 1.02 pence per Ordinary Share.

Following the transfers detailed above, Mr Stephens's beneficial holding of 38,012,823 Ordinary Shares will remain unchanged and he will retain his ultimate beneficial interest in a total of 38,012,823 Ordinary Shares which represents approximately 6.65 per cent. of the Company's issued share capital.

**ENDS**

For further information, please visit www.plutuspowergen.com, or contact:

 
 Charles Tatnall   Plutus PowerGen Plc   Tel: +44 (0) 
                                          20 8720 6562 
----------------  --------------------  -------------- 
 Phil Stephens     Plutus PowerGen Plc   Tel: +44 (0) 
                                          20 8720 6562 
----------------  --------------------  -------------- 
 Ewan Leggat       SP Angel Corporate    Tel: +44 (0) 
                    Finance LLP           20 3470 0470 
----------------  --------------------  -------------- 
 Felicity          St Brides Partners    Tel: +44 (0) 
  Winkles                                 20 7236 1177 
----------------  --------------------  -------------- 
 Elisabeth         St Brides Partners    Tel: +44 (0) 
  Cowell                                  20 7236 1177 
----------------  --------------------  -------------- 
 

Notes to Editors

Plutus PowerGen plc is an AIM listed company focused on the development, construction and operation of flexible stand-by power generation sites in the UK. At present, the market dynamics for flexible power generation are positive as a result of the continued downward pressure on capacity available to National Grid to balance supply and demand, leading to their announcements about possible power shortages over the next few years.

Flexible Power generators such as PPG offer a viable and timely solution to the power capacity shortfall in the UK. To this end, PPG is initially focusing on delivering 200MW of capacity over the next three years and currently has a project pipeline of potential development sites with 500MW of power generation capacity.

PPG has a straightforward multi-revenue stream model with large and stable counter-parties and is using project/EIS funding through SPVs to finance construction of the generation assets. This structure has the benefit of limiting dilution to plc shareholders as the assets are financed and built.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 22, 2015 08:03 ET (12:03 GMT)