Aggregated Micro Power Holdings PLC Director/PDMR Shareholding (8297H)

TIDMAMPH

RNS Number : 8297H

Aggregated Micro Power Holdings PLC

20 November 2018

Aggregated Micro Power Holdings plc

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

Director/PDMR Shareholding

Aggregated Micro Power Holdings plc, the specialist provider of distributed heat, power and renewable fuels, was notified on 16 November 2018 that Neil Eckert, Executive Chairman of the Company, had transferred via sale and purchase 738,095 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") from being held in his own name to being held in his self-invested personal pension ("SIPP") (the "Transfer"). Mr Eckert has an agreement with his SIPP Trustee to charge all assets in his SIPP, which will include these Ordinary Shares, 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.

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 15.2% of the Company's issued share capital and GBP950,000 nominal of AMP Fixed Rate Secured Convertible Loan Notes 2021 ("CLNs").

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)

Andrew Burdis / Richard Chambers (ECM)

   Whitman Howard Ltd                                                                    020 7659 1234 

Hugh Rich

Nick Lovering

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 aims to balance the transmission grid at times of peak demand.

www.ampplc.co.uk

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        Transfer via sale and purchase of 
                                                   Ordinary Shares 
                -------------------------------  ------------------------------------- 
 c)              Price(s) and volume(s)            Price(s)   Volume(s) 
                                                    105p       738,095 
                                                              ---------- 
                -------------------------------  ------------------------------------- 
 d)              Aggregated information:          Transfer via sale and purchase of 
                   *    Aggregated volume          738,095 Ordinary Shares at 105p per 
                                                   ordinary share 
 
                   *    Price 
                -------------------------------  ------------------------------------- 
 e)              Date of the transactions         16 November 2018 
                -------------------------------  ------------------------------------- 
 f)              Place of the transaction         London Stock Exchange (XLON) 
                -------------------------------  ------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

DSHFKCDDCBDDCDD

(END) Dow Jones Newswires

November 20, 2018 02:01 ET (07:01 GMT)