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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Advance Energy Plc | LSE:ADV | London | Ordinary Share | IM00BKSCP798 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.155 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMADV
RNS Number : 6903T
Advance Energy PLC
26 July 2022
26 July 2022
Advance Energy plc
("Advance Energy" or the "Company")
Confirmation of Director Fundraise Participation to raise GBP80,000
Further to the announcement made earlier this morning, concerning the Placing and Intended Director Participation, the Company can confirm that certain directors of Advance ("Directors") have subscribed for 94,117,646 new Ordinary Shares at the Issue Price and 94,117,646 Warrants as set out below (the "Director Participation").
Defined terms are as set out in this morning's announcement unless otherwise defined.
Application has been made to the London Stock Exchange for the 94,117,646 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in respect of the Director Participation Shares will commence at 8.00 a.m. on 29 July 2022. Following Admission, there will be 1,527,613,961 Ordinary Shares in issue.
The following Directors have subscribed for Director Participation Shares pursuant to the Director Participation for an investment, in aggregate, of approximately GBP80,000. Their subscription for new Ordinary Shares and Warrants is on the same terms and conditions as the Placing.
Director No of new Ordinary Resulting holding Resulting No. of Warrants Shares subscribed of Ordinary % of Ordinary subscribed for pursuant Shares Share Capital for pursuant to the Director following to the Director Participation the Placing Participation and Director Participation Mark Rollins 47,058,823 76,461,976 5.01% 47,058,823 ------------------- ------------------ --------------- ---------------- Larry Bottomley 47,058,823 47,058,824 3.08% 47,058,823 ------------------- ------------------ --------------- ----------------
The Director Participation by certain directors of Advance, as set out above, constitutes a related party transaction under AIM Rule 13. The directors deemed to be independent of the Director Participation, being Ross Warner and Stephen Whyte, having consulted with Strand Hanson Limited, the Company's Nominated Adviser, consider the terms of the Director Participation to be fair and reasonable insofar as the Company's shareholders are concerned.
The Director Participation Shares have been subscribed for directly with the Company (as to 47,058,823 Ordinary Shares) or through the Placing (as to 47,058,823 Ordinary Shares), subject only to Admission. On Admission, the Company will have 1,527,613,961 Ordinary Shares in issue. The Company holds no shares in treasury. Accordingly, the figure of 1,527,613,961 can be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Enquiries:
Advance Energy plc L arry Bottomley (I nterim CEO) +44 (0)1624 681 250 Strand Hanson Limited (Financial and Nominated Adviser) Rory Murphy / James Harris / James Bellman +44 (0)20 7409 3494 Buchanan (Public Relations) Ben Romney / Jon Krinks +44 (0)20 7466 5000 Tennyson Securities Limited (Joint Broker) Peter Krens / Ed Haig-Thomas +44 (0)20 7186 9030 Optiva Securities Limited (Joint Broker) Christian Dennis +44 (0)20 3411 1881
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR") as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, the inside information is now considered to be in the public domain in accordance with the Company's obligations under Article 17 of MAR.
PDMR Disclosure
Ordinary Shares
1. Details of the person discharging managerial responsibilities / person closely associated a. Name 1. Mark Rollins 2. Larry Bottomley -------------------------------- ------------------------------------------------ 2. Reason for the notification ---------------------------------------------------------------------------------- a. Position/status 1. Non-Executive Chairman 2. Interim CEO -------------------------------- ------------------------------------------------ b. Initial notification/Amendment Initial Notification -------------------------------- ------------------------------------------------ 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ---------------------------------------------------------------------------------- a. Name Advance Energy plc -------------------------------- ------------------------------------------------ b. LEI 213800TZWOYU7UFZ5V63 -------------------------------- ------------------------------------------------ 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ---------------------------------------------------------------------------------- a. Description of the Financial Ordinary Shares of no par value instrument, type of instrument M00BKSCP798 Identification code -------------------------------- ------------------------------------------------ b. Nature of the transaction Subscription for new Ordinary Shares -------------------------------- ------------------------------------------------ c. Price(s) and volume(s) Director Price/share Volume (s) 1. M Rollins 0.085 pence 47,058,823 ------------- ----------- 2. L. Bottomley 0.085 pence 47,058,823 ------------- ----------- -------------------------------- ------------------------------------------------ d. Aggregated information * Aggregated volume 94,117,646 GBP0.00085 per Ordinary Share * Price -------------------------------- ------------------------------------------------ e. Date of the transactions 26 July 2022 -------------------------------- ------------------------------------------------ f. Place of the transactions London Stock Exchange's AIM Market (XLON) -------------------------------- ------------------------------------------------
Warrants
1. Details of the person discharging managerial responsibilities / person closely associated a. Name 3. Mark Rollins 4. Larry Bottomley -------------------------------- ------------------------------------------------- 2. Reason for the notification ----------------------------------------------------------------------------------- a. Position/status 3. Non-Executive Chairman 4. Interim CEO -------------------------------- ------------------------------------------------- b. Initial notification/Amendment Initial Notification -------------------------------- ------------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------------------- a. Name Advance Energy plc -------------------------------- ------------------------------------------------- b. LEI 213800TZWOYU7UFZ5V63 -------------------------------- ------------------------------------------------- 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ----------------------------------------------------------------------------------- a. Description of the Financial Warrants over Ordinary Shares instrument, type of instrument of no par value Identification code M00BKSCP798 -------------------------------- ------------------------------------------------- b. Nature of the transaction Subscription for Warrants over Ordinary Shares -------------------------------- ------------------------------------------------- c. Price(s) and volume(s) Director Exercise Volume Price/share (s)
1. M Rollins 0.13 pence 47,058,823 -------------- ----------- 2. L. Bottomley 0.13 pence 47,058,823 -------------- ----------- -------------------------------- ------------------------------------------------- d. Aggregated information * Aggregated volume 94,117,646 N/A * Price -------------------------------- ------------------------------------------------- e. Date of the transactions 26 July 2022 -------------------------------- ------------------------------------------------- f. Place of the transactions London Stock Exchange's AIM Market (XLON) -------------------------------- -------------------------------------------------
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July 26, 2022 02:05 ET (06:05 GMT)
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