Eneraqua Technologies PLC Director/PDMR Shareholding (7328J)

TIDMETP

RNS Number : 7328J

Eneraqua Technologies PLC

14 December 2022

Eneraqua Technologies plc

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

Director/PDMR Shareholding

Eneraqua Technologies plc, a specialist provider of energy and water efficiency solutions, announces that on 13 December 2022 the Company was notified that certain Directors of the Company sold, in response to institutional demand, 1,004,009 ordinary shares in the Company of 1 pence each ("Ordinary Shares") at a price of 290 pence per Ordinary Share. Details of holdings pre and post-sale are listed below.

 
 Director             Previous       Number of       Resultant       Resultant % 
                     shareholding    shares sold    shareholding    of issued share 
                                                                        capital 
 Mitesh Dhanak      6,382,621(1)      610,194      5,772,427(2)         17.4% 
                   --------------  -------------  --------------  ----------------- 
 David Routledge      4,119,300       393,815        3,725,485          11.2% 
                   --------------  -------------  --------------  ----------------- 
 

(1) Includes 4,757,521 ordinary shares held by Anila Dhanak

(2) Includes 4,147,327 ordinary shares held by Anila Dhanak

For more information, please contact:

 
Eneraqua Technologies plc                 Via Alma PR 
Mitesh Dhanak, CEO                        www.eneraquatechnologies.com 
Iain Richardson, CFO 
 
finnCap Limited - Nominated Adviser and 
 Joint Broker                             [phone] 
Ed Frisby / Charlie Beeson - Corporate 
 Finance 
Andrew Burdis / Sunila de Silva - ECM 
 
Singer Capital Markets - Joint Broker     [phone] 
Sandy Fraser / Justin McKeegan / Rachel 
 Hayes 
 
Alma PR - Financial PR and IR             [phone] 
Justine James / Sam Modlin / Will Ellis   [e-mail] 
 Hancock 
 
 

Notes to editors

Eneraqua Technologies (AIM:ETP) is a specialist in energy and water efficiency. The Group designs and delivers improved energy and water systems which utilise its wholly owned intellectual property, Control Flow HL2024. Energy was the first market the Company entered and this is the larger sector, with the Company focused on clients with end of life gas, oil or electric heating and hot water systems. The Group provides turnkey retrofit district or communal heating systems based either on high-efficiency gas or ground/air source heat pump solutions that support Net Zero and decarbonisation goals.

Water is a growing service offering focused on water efficiency upgrades for utilities and commercial clients including hotels and care homes. It has also expanded into agritech systems.

The activities in both areas are underpinned by the Company's wholly-owned intellectual property, the Control Flow HL2024 family of products which reduce water wastage and improve the performance of heating and hot water systems.

The Company's main country of operation is the United Kingdom. The Company's head office is in London with additional offices in Leeds, Washington (Sunderland), India, Spain and the Netherlands. The Company has 144 employees, with the majority employed within the UK. Eneraqua Technologies has received the London Stock Exchange's Green Economy Mark.

   To find out more, please visit:   www.eneraquatechnologies.com 

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR.

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                             Anila Dhanak 
     -------------------------------  ------------------------------------------- 
 2.   Reason for the Notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status                  Person closely associated with Mitesh 
                                        Dhanak, Chief Executive Officer of 
                                        the Company 
     -------------------------------  ------------------------------------------- 
 b)   Initial notification/Amendment   Initial Notification 
     -------------------------------  ------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------- 
 a)   Name                             Eneraqua Technologies plc 
     -------------------------------  ------------------------------------------- 
 b)   LEI                              21380045T7LPP2T83245 
     -------------------------------  ------------------------------------------- 
 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 1 pence each ("Ordinary 
       Financial instrument,            Shares") 
       type of instrument 
     -------------------------------  ------------------------------------------- 
      Identification code              GB00BNYDGM91 
     -------------------------------  ------------------------------------------- 
 b)   Nature of the transaction        Sale of Ordinary Shares 
     -------------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)   Volume(s) 
                                         290p       610,194 
                                                   ---------- 
     -------------------------------  ------------------------------------------- 
 d)     Aggregated information: 
          *    Aggregated volume         As disclosed in 4.c) above 
 
 
          *    Price 
     -------------------------------  ------------------------------------------- 
 e)   Date of the transaction          13 December 2022 
     -------------------------------  ------------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM Market 
                                        (XLON) 
     -------------------------------  ------------------------------------------- 
 
 
      1.    Details of the person discharging managerial responsibilities 
             / person closely associated 
 a)         Name                             Dave Routledge 
           -------------------------------  ------------------------------------------- 
      2.    Reason for the Notification 
           ---------------------------------------------------------------------------- 
 a)         Position/status                  Non-Executive Director 
           -------------------------------  ------------------------------------------- 
 b)         Initial notification/Amendment   Initial Notification 
           -------------------------------  ------------------------------------------- 
       3.   Details of the issuer, emission allowance market participant, 
             auction platform, auctioneer or auction monitor 
           ---------------------------------------------------------------------------- 
 a)         Name                             Eneraqua Technologies plc 
           -------------------------------  ------------------------------------------- 
 b)         LEI                              21380045T7LPP2T83245 
           -------------------------------  ------------------------------------------- 
       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 1 pence each ("Ordinary 
             Financial instrument,            Shares") 
             type of instrument 
           -------------------------------  ------------------------------------------- 
            Identification code              GB00BNYDGM91 
           -------------------------------  ------------------------------------------- 
 b)         Nature of the transaction        Sale of Ordinary Shares 
           -------------------------------  ------------------------------------------- 
 c)         Price(s) and volume(s)            Price(s)   Volume(s) 
                                               290p       393,815 
                                                         ---------- 
           -------------------------------  ------------------------------------------- 
 d)           Aggregated information:        As disclosed in 4.c) above 
                *    Aggregated volume 
 
 
                *    Price 
           -------------------------------  ------------------------------------------- 
 e)         Date of the transaction          13 December 2022 
           -------------------------------  ------------------------------------------- 
 f)         Place of the transaction         London Stock Exchange, AIM Market 
                                              (XLON) 
           -------------------------------  ------------------------------------------- 
 

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December 14, 2022 09:26 ET (14:26 GMT)