Acta S.p.A. Notification of major interest in Shares (7565O)

TIDMACTA

RNS Number : 7565O

Acta S.p.A.

11 August 2014

11 August 2014

Acta S.p.A.

("Acta" or "the Company")

Notification of major interest in Shares

The Company has received notification from Jon Moynihan informing it that, as at 11 August 2014, he holds 12,558,333 ordinary shares of EUR 0.006 each in the share capital of the Company ("Ordinary Shares"), representing 5.38% of the voting rights of the Company that current stands at 233,226,519 Ordinary Shares. No treasury shares are held by the Company.

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For further information please contact:

 
     Acta S.p.A.                                  Tel: [phone] 
     Paolo Bert, Chief Executive Officer          www.actaspa.com 
      Paul Barritt, Chief Financial Officer 
 
 
     Altium Capital (Nominated Advisor)        Tel: [phone] 
     Adrian Reed / Dom Orsini 
 
       Cantor Fitzgerald Europe (Broker)         Tel: [phone] 
     Mark Percy / David Banks / Paul 
      Jewell 
 

Media enquiries:

 
     Walbrook PR                        Tel: [phone] 
     Paul Cornelius / Bob Huxford       [e-mail] 
 

About Acta S.p.A.

Acta S.p.A. is a developer and manufacturer of a range of clean energy products. Based on its world-leading expertise in alkaline membrane technology, the Company has developed a unique range of low-cost, compact hydrogen generators (electrolysers) which produce pure, dry compressed hydrogen at high efficiency from renewable or grid power.

In June 2013 Acta shipped the first Acta Power, an integrated electrolyser and fuel cell system for use in back-up power and renewable energy storage applications. Best understood as a "Hydrogen Battery", the system converts energy from renewable or grid power when it is available and stores it in the form of hydrogen, and then converts the hydrogen back to electrical power when needed due to grid black-out or lack of solar / wind power.

This system has extensive application as a back-up power unit for telecommunications base stations, where it competes on cost against traditional battery and diesel solutions, while offering a cleaner solution and better service. In particular, the use of rainwater and the generation of hydrogen on-site removes the cost and logistical barriers of fuel delivery, while also avoiding the theft risk associated with diesel, methanol and battery systems.

The supply of fuel cell back-up power systems for telecommunications base stations represents a large and fast-growing market, especially in extensively bad-grid and off-grid locations such as in Asia and Africa. Battery sales to the Chinese telecoms industry are currently valued at $4.7 bn to $7.8 bn per annum (Fuel Cell Today, China).

Acta holds a portfolio of patents and patent applications on its key technologies, manufactures its products through a combination of production, component subcontracting, and final product assembly and quality control, and has established distribution channels through partnerships in China, India, SE Asia, Australia, Africa, Middle East, Germany, UK, USA and South America.

Acta S.p.A. is based near Pisa, Italy, and was admitted to trading on AIM in October 2005.

www.actaspa.com

This information is provided by RNS

The company news service from the London Stock Exchange

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