Plutus PowerGen PLC Directors Dealings (2493E)

TIDMPPG

RNS Number : 2493E

Plutus PowerGen PLC

02 November 2015

Plutus PowerGen plc / Ticker: PPG / Index: AIM

2 November 2015

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

Directors Dealing

Plutus PowerGen plc, the flexible standby power generation developer and operator in the UK, announces that Paul Lazarevic, Chief Operating Officer of the Company, bought 1,441,071 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") in two tranches, 1,083,928 Ordinary Shares at a price of 1.4 pence per Ordinary Share on 2 November 2015 and 357,143 Ordinary Shares at a price of 1.38 pence per Ordinary Share on 30 October 2015.

Following these transactions Mr. Lazarevic now has a beneficial interest in 31,441,071 Ordinary Shares representing approximately 5.51% of the total voting rights in the Company.

Mr. Lazarevic informed the Company of the details of his dealings in the Company's Ordinary Shares on the same day on which the acquisition of each tranche was effected.

**ENDS**

For further information, please visit, or contact:

 
 Charles Tatnell   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 
----------------  --------------------  -------------- 
 Laura Harrison    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 over 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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November 02, 2015 10:00 ET (15:00 GMT)