China New Energy Ltd Director/PDMR Shareholding (9054O)

TIDMCNEL

RNS Number : 9054O

China New Energy Ltd

07 October 2019

7 October 2019

China New Energy Limited

(the "Company" or "CNE")

Director's Dealing

The Board of CNE (AIM: CNEL), the AIM quoted engineering and technology solutions provider to the bioenergy sector, announces that it was notified on 4 October 2019 by Richard Bennett, a director, that on the same day he had acquired 512,015 shares at an average price of 2.64p per share.

Following the acquisition, Mr Bennett now holds 837,747 ordinary shares representing approximately 0.17 per cent. of the Company's issued share capital.

The issued share capital of the Company is 491,256,350 ordinary shares which includes 46,808,809 ordinary shares held in treasury.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

 
 China New Energy Limited 
 Ivy Xu                           [e-mail] Tel: [phone] 
  Richard Bennett                                              9371 
                                 [e-mail] Tel: +44 7966 
                                                             388374 
 Cairn Financial Advisers LLP                 Tel: [phone] 
  (Nomad & Broker) 
  Jo Turner / Sandy Jamieson 
 
 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
       ------------------------------------------------------------------------------------------------- 
 a.     Name                                      Mr Richard Bennett 
       ----------------------------------------  ------------------------------------------------------- 
 2      Reason for notification 
       ----------------------------------------  ------------------------------------------------------- 
 a.     Position/Status                           Non-executive Director of China New Energy 
                                                   Limited 
       ----------------------------------------  ------------------------------------------------------- 
 b.     Initial notification/                     Initial Notification 
         Amendment 
       ----------------------------------------  ------------------------------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ------------------------------------------------------------------------------------------------- 
 a.     Name                                      China New Energy Limited 
       ----------------------------------------  ------------------------------------------------------- 
 b.     LEI                                       213800U8Y7E1T1Y2NR27 
       ----------------------------------------  ------------------------------------------------------- 
 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 instrument,                 Ordinary Shares 
         type of instrument 
 
         Identification                            ISIN: JE00B3RWLF12 
         Code 
       ----------------------------------------  ------------------------------------------------------- 
 b.     Nature of the transaction                 Transfer of shares from one entity legally 
                                                   and beneficially owned by Mr Tang to another. 
       ----------------------------------------  ------------------------------------------------------- 
 
 c.     Price(s) and volume(s)                     Price(s) per                     Volume(s) 
                                                    share 
       ----------------------------------------   ------------------------------- 
    Average 2.64p                                                                   512,015 
   ------------------------------------------------------------------------------  ----------------- 
 
 d.     Aggregated information 
 
         - Aggregated Volume                        n/a 
 
         - Price 
       ----------------------------------------  ------------------------------------------------------- 
 e.     Date of the transaction                   4 October 2019 
       ----------------------------------------  ------------------------------------------------------- 
 f.     Place of the transaction                  London Stock Exchange 
       ----------------------------------------  ------------------------------------------------------- 
 

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October 07, 2019 02:00 ET (06:00 GMT)