Plutus PowerGen PLC Director's Dealing (5790B)

TIDMPPG

RNS Number : 5790B

Plutus PowerGen PLC

07 October 2015

Plutus PowerGen Plc / Ticker: PPG / Index: AIM

07 October 2015

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

Director's 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 further to the announcement of 02 September 2015, the transfer of 600,000 Ordinary Shares of 0.1 pence each held by Mr Longley on behalf of his son, Oliver Edmund Chapman Longley and 7,216,999 Ordinary Shares held in Mr Longley's self-invested personal pension scheme ("SIPP") from an account with Stocktrade have been transferred to an account with Hargreaves Lansdown at a price of 0.98p per ordinary share.

Following the transfers detailed above, Mr Longley's beneficial holding of 47,500,000 Ordinary Shares will remain unchanged and he will retain his ultimate beneficial interest in a total of 47,500,000 Ordinary Shares which represents approximately 8.31 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: [phone] 
                                                  6562 
-----------------  ---------------------------  --------------------- 
 Phil Stephens      Plutus PowerGen Plc          Tel: [phone] 
                                                  6562 
-----------------  ---------------------------  --------------------- 
 Ewan Leggat        SP Angel Corporate Finance   Tel: [phone] 
                     LLP                          0470 
-----------------  ---------------------------  --------------------- 
 Felicity Winkles   St Brides Partners           Tel: [phone] 
                                                  1177 
-----------------  ---------------------------  --------------------- 
 Elisabeth Cowell   St Brides Partners           Tel: [phone] 
                                                  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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October 07, 2015 10:42 ET (14:42 GMT)