Advance Energy PLC Director/PDMR Shareholding (6484Z)

TIDMADV

RNS Number : 6484Z

Advance Energy PLC

22 September 2020

22 September 2020

Advance Energy plc

("Advance Energy" or the "Company")

Director/PDMR Shareholdings

Advance Energy plc ( AIM:ADV ), the energy company seeking growth through acquisition or farm-in to non-operated interests in discovered upstream projects, advises that Mark Rollins, Non-Executive Chairman, and Stephen West, Chief Financial Officer, have purchased ordinary shares in the Company, as detailed below:

 
                Number of Ordinary     Average Price                  Total Consideration 
   Name                     Shares    Paid Per Share                                 Paid 
 Mark Rollins            6,500,000     0.19625 pence                         GBP12,756.25 
               -------------------  ----------------  ----------------------------------- 
 Stephen West            5,000,000        0.20 pence                         GBP10,035.61 
               -------------------  ----------------  ----------------------------------- 
 

Following the above purchase of shares, Mr Rollins and Mr West hold interests in the following Company securities:

 
                 Number of Ordinary   % of Issued Share   Number of Share 
   Name                 Shares Held             Capital      Options Held 
 Mark Rollins           139,833,333               8.96%        50,000,000 
                -------------------  ------------------  ---------------- 
 Stephen West             8,799,201               0.56%        25,000,000 
                -------------------  ------------------  ---------------- 
 

Mr Rollins' shares are held in the name of Noiva International SA.

Enquiries:

Buchanan (Public Relations)

   Ben Romney / Kelsey Traynor                                      [phone] 

Beaumont Cornish Limited (Nominated Adviser)

   Roland Cornish / James Biddle                                    [phone] 

Novum Securities Limited (Joint Broker)

   Colin Rowbury                                                                 [phone] 

Optiva Securities Limited (Joint Broker)

   Christian Dennis                                                              [phone] 
   For further information, please visit www.advanceplc.com   and @advanceplc on Twitter 

To register for Advance's email alerts, please complete the following form: https://www.advanceplc.com/media-centre/news/#alerts

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR").

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

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                          Mark Rollins 
      ----------------------------  ----------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------- 
 a)    Position/status               Non-Executive Chairman 
      ----------------------------  ----------------------------------------- 
 b)    Initial notification          Initial 
        /Amendment 
      ----------------------------  ----------------------------------------- 
 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            Ordinary shares of nil par value 
        financial instrument, 
        type of instrument            ISIN: IM00BZ7PNY71 
        Identification code 
      ----------------------------  ----------------------------------------- 
 b)    Nature of the transaction     Purchase of 6,500,000 ordinary shares 
      ----------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s)        Price(s)                      Volume(s) 
      ----------------------------  -----------------------------  ---------- 
                                     0.1850 pence per share        3,250,000 
    0.2075 pence per share                                          3,250,000 
  ---------------------------------------------------------------  ---------- 
 d     Aggregated information 
        - Aggregated volume                  *    6,500,000 
        - Price 
 
                                             *    0.19625p 
      ----------------------------  ----------------------------------------- 
 e)    Date of the transactions      21 September 2020 
      ----------------------------  ----------------------------------------- 
 f)    Place of the transactions     Outside a trading venue 
      ----------------------------  ----------------------------------------- 
 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

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                                 Stephen West 
      -----------------------------------  ----------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                      CFO & Executive Director 
      -----------------------------------  ----------------------------------------- 
 b)    Initial notification                 Initial 
        /Amendment 
      -----------------------------------  ----------------------------------------- 
 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                   Ordinary shares of nil par value 
        financial instrument, 
        type of instrument                   ISIN: IM00BZ7PNY71 
        Identification code 
      -----------------------------------  ----------------------------------------- 
 b)    Nature of the transaction            Purchase of 5,000,000 ordinary shares 
      -----------------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s)               Price(s)                  Volume(s) 
      -----------------------------------  -------------------------  -------------- 
                                            0.200 pence               4,988,050 
    0.198 pence                                                        11,950 
  ------------------------------------------------------------------  -------------- 
 d     Aggregated information 
        - Aggregated volume                         *    5,000,000 
        - Price 
 
                                                    *    0.20 pence 
      -----------------------------------  ----------------------------------------- 
 e)    Date of the transactions             21 September 2020 
      -----------------------------------  ----------------------------------------- 
 f)    Place of the transactions            Outside a trading venue 
      -----------------------------------  ----------------------------------------- 
 

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September 22, 2020 02:00 ET (06:00 GMT)