RedT Energy PLC Director Dealing (4360R)

TIDMRED

RNS Number : 4360R

RedT Energy PLC

14 June 2018

redT energy plc

("redT" or the "Company")

Director Dealing

The Company has been notified that on 14 June 2018 Jonathan Marren, Non-Executive Director of the Company, sold and subsequently re-purchased 1,521,907 ordinary shares of EUR0.01 each in the Company ("Ordinary Shares"). The shares sold were held directly by Jonathan Marren, the re-purchased shares are held through his Self-Invested Personal Pension (SIPP). Following the sale and purchase, Jonathan Marren's interest in Ordinary Shares remains the same at 7,743,815, equating to 1.08% of the Company's issued share capital.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Jonathan Marren 
     -------------------------------  ------------------------------------- 
 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                             redT energy plc 
     -------------------------------  ------------------------------------- 
 b)   Legal Entity Identifier          213800N2NKOTYUNRCU14 
     -------------------------------  ------------------------------------- 
 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     Ordinary shares of EUR0.01 each 
       instrument 
     -------------------------------  ------------------------------------- 
 b)   Identification code of           GB00B11FB960 
       the financial instrument 
     -------------------------------  ------------------------------------- 
 c)   Nature of the transaction        Sale and purchase of ordinary shares 
     -------------------------------  ------------------------------------- 
 d)   Currency                         GBP 
     -------------------------------  ------------------------------------- 
 e)   Price(s) and volume(s)            Sale: 
                                         Price(s)      Volume(s) 
                                                      ---------- 
                                         GBP0.06198    1,521,907 
                                                      ---------- 
                                         Purchase: 
                                         Price(s)      Volume(s) 
                                                      ---------- 
                                         GBP0.06200    1,521,907 
                                                      ---------- 
     -------------------------------  ------------------------------------- 
 f)   Aggregated information 
       Sale: 
       Aggregated volume                 1,521,907 
       Price                             GBP0.06198 
       Total                             GBP94,327.80 
 
       Purchase: 
       Aggregated volume                 1,521,907 
       Price                             GBP0.06200 
       Total                             GBP94,358.23 
     -------------------------------  ------------------------------------- 
 e)   Date of the transaction          2018-06-14 
     -------------------------------  ------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM (LON:RED) 
     -------------------------------  ------------------------------------- 
 

Enquiries:

 
 redT energy plc                            [phone] 
 Scott McGregor, Chief Executive Officer 
  Fraser Welham, Chief Financial Officer 
 Joe Worthington, Investor & Media 
  Relations 
 
 Investec Bank plc (Nominated Adviser 
  and Broker)                               [phone] 
 Jeremy Ellis / Chris Sim / Alexander 
  Ruffman 
 VSA Capital (Joint Broker) 
  Andrew Monk / Andrew Raca                 [phone] 
 
 Celicourt Communications (Financial 
  PR) 
  Mark Antelme 
  Jimmy Lea 
  Ollie Mills                               [phone] 
 
 

Notes to Editors

About redT energy

redT energy plc are experts in energy storage, specialising in the design, manufacture, installation and operation of energy storage systems which create revenue alongside reliable, low-cost renewable generation for businesses, industry and electricity distribution networks. Using patented vanadium redox flow technology to store energy in liquid, redT's own energy storage machines can be run continually with no degradation: charging and discharging for over 25 years, matching the lifespan of renewable assets in on-grid, off-grid and weak-grid settings.

redT's energy storage solutions, developed over the past 15 years, address today's changing energy market by providing a flexible platform for time shifting surplus renewable power, securing electricity supplies and earning revenue through grid services. The company has operating machines deployed with customers in the UK, Europe, sub-Saharan Africa, Australia and Asia Pacific. redT energy plc is listed on the London Stock Exchange (AIM:RED) and has offices in the UK, Africa and the USA. For more information, visit www.redTenergy.com

For sales, press or investor enquiries, please contact the redT team on [phone].

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.

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June 14, 2018 08:02 ET (12:02 GMT)