Aggregated Micro Power Holdings PLC Director/PDMR Shareholding (2038U)

TIDMAMPH

RNS Number : 2038U

Aggregated Micro Power Holdings PLC

10 July 2018

Aggregated Micro Power Holdings plc

("AMP", the "Group" or the "Company")

Director/PDMR Shareholding

Aggregated Micro Power Holdings plc (AIM: AMPH), the specialist provider of distributed heat, power and renewable fuels, was notified on 9 July 2018 of a share transfer pursuant to Neil Eckert's, Executive Chairman of the Company, transfer of his self-invested personal pension ("SIPP") from one Trustee to another Trustee in specie (the "Transfer").

Following the completion of the Transfer, there will be no change to Mr Eckert's total beneficial interest in the Company, being 7,850,700 ordinary shares representing approximately 18.2% of the Company's issued share capital and GBP645,000 nominal of AMP Fixed Rate Secured Convertible Loan Notes 2021 ("CLNs").

At the same time, Mr Eckert has entered into an agreement with his new SIPP Trustee to charge all assets in his new SIPP, which will include 339,356 ordinary shares in the Company and 305,000 CLNs, as security for a revolving credit facility. Under the terms of the charge, title to the securities in the Company can be transferred, sold or otherwise dealt with by the SIPP Trustee following an event of default under the security agreement. The transfer of the CLNs is expected to be effective very shortly and a further notification will be made at that time.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
            1.   Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                             Neil Eckert 
                -------------------------------  -------------------------------------------------------------- 
            2.   Reason for the Notification 
                ----------------------------------------------------------------------------------------------- 
 a)              Position/status                  Executive Chairman 
                -------------------------------  -------------------------------------------------------------- 
 b)              Initial notification/Amendment   Initial notification 
                -------------------------------  -------------------------------------------------------------- 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ----------------------------------------------------------------------------------------------- 
 a)              Name                             Aggregated Micro Power Holdings plc 
                -------------------------------  -------------------------------------------------------------- 
 b)              LEI                              2138001HABA1FAB3WC13 
                -------------------------------  -------------------------------------------------------------- 
 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               *    Ordinary Shares of 0.5 pence 
                  Financial instrument, 
                  type of instrument 
                 Identification code              GB00BC4F3V69 
                -------------------------------  -------------------------------------------------------------- 
 b)              Nature of the transaction        In specie transfer and charge over 
                                                   ordinary shares 
                -------------------------------  -------------------------------------------------------------- 
 c)              Price(s) and volume(s)           Ordinary Shares Price(s)   Volume(s) 
                                                    103p       339,356 
                                                              ---------- 
                -------------------------------  -------------------------------------------------------------- 
 d)              Aggregated information: 
                   *    Aggregated volume                 *    In specie transfer of 339,356 ordinary shares at 
                                                               GBP1.03 
 
                   *    Price 
                -------------------------------  -------------------------------------------------------------- 
 e)              Date of the transaction          28 June 2018 
                -------------------------------  -------------------------------------------------------------- 
 f)              Place of the transaction         Outside of trading venue 
                -------------------------------  -------------------------------------------------------------- 
 

Contacts

   Aggregated Micro Power Holdings plc                     020 7382 7800 

Neil Eckert, Executive Chairman

Richard Burrell, CEO

Izzy Deterding, Investor Relations

   Haggie Partners LLP                                                 020 7562 4444 

Peter Rigby

   finnCap Ltd                                                                020 7220 0500 

Ed Frisby/Simon Hicks (Corporate Finance)

Stephen Norcross/Richard Chambers (Corporate Broking)

   Whitman Howard Ltd                                                020 7659 1234 

Mark Murphy

Nick Lovering/Francis North

About Aggregated Micro Power Holdings plc

The AMP Group was established to develop, own and operate renewable energy generating facilities. It specialises in the sale of wood fuels and in the installation of distributed energy projects. AMP's wholly owned subsidiary Forest Fuels sells high quality wood chip and wood pellet to end customers throughout the UK, while its projects division installs biomass boiler and biomass CHP systems for a wide range of applications and customers. AMP is also active in developing projects for stand-by power generation which aim to balance the transmission grid at times of peak demand.

www.ampplc.co.uk

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July 10, 2018 10:16 ET (14:16 GMT)