Plutus PowerGen PLC Director/PDMR Shareholding (5674D)

TIDMPPG

RNS Number : 5674D

Plutus PowerGen PLC

27 June 2019

27 June 2019

PLUTUS POWERGEN PLC

("Plutus" or the "Company")

Director/PDMR Shareholding

Plutus PowerGen Plc (AIM: PPG), the AIM listed power company focused on the development and operation of flexible energy generation ('FlexGen') projects in the UK, has been notified that, James Longley, Interim Chief Executive Officer and Chief Financial Officer of the Company, made the following purchases in the Company's ordinary share capital via his Self-Invested Personal Pension ("SIPP"):

 
Date             Number of Shares   Purchase Price 
                                      per ordinary 
                                             share 
25 June 2019            2,500,000           0.260p 
26 June 2019            2,000,000           0.260p 
 26 June 2019             500,000           0.275p 
 

James Longley now holds a total beneficial interest in 72,500,000 ordinary shares, equivalent to 8.79 per cent. of the Company's ordinary share capital.

For further information, please visit www.plutuspowergen.com, or contact:

 
                                                 [phone] 
 Plutus PowerGen Plc                              6598 
 Charles Tatnall, Executive Chairman 
 
 Allenby Capital Limited (Nominated Adviser      [phone] 
  and Joint Broker)                               5656 
 Nick Athanas 
  Nicholas Chambers 
 
 Turner Pope Investments (TPI) Limited (Joint    [phone] 
  Broker)                                         4120 
 Andy Thacker 
 
                                                 [phone] 
 St Brides Partners Limited (Financial PR)        1177 
 Isabel de Salis 
 Cosima Akerman 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them are set out below pursuant to the EU Market Abuse regulation.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              James Longley 
     --------------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------ 
 a)   Position/status                   Interim Chief Executive Officer 
                                         and Chief Financial Officer 
     --------------------------------  -------------------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
     --------------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------ 
 a)   Name                              Plutus PowerGen Plc 
     --------------------------------  -------------------------------------------- 
 b)   LEI                               213800NIBLBUHHRBZI02 
     --------------------------------  -------------------------------------------- 
 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 0.1p each in 
       instrument, type of instrument    Plutus Powergen Plc 
       Identification code 
                                         Identification code (ISIN) for Plutus 
                                         Powergen Plc ordinary shares: GB00B1GDWB47 
     --------------------------------  -------------------------------------------- 
 b)   Nature of the transaction         Purchase of Ordinary Shares 
     --------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)              Price(s)   Volume(s) 
                                           0.260p     2,500,000 
                                            0.260p     2,000,000 
                                            0.275p     500,000 
                                                     ----------- 
     --------------------------------  -------------------------------------------- 
 d)   Aggregated information              Price(s)   Volume(s) 
       - Aggregated volume                 0.262p     5,000,000 
       - Price                                       ---------- 
     --------------------------------  -------------------------------------------- 
 e)   Date of the transactions          25 and 26 June 2019 
     --------------------------------  -------------------------------------------- 
 f)   Place of the transaction          London Stock Exchange, AIM 
     --------------------------------  -------------------------------------------- 
 

The information set out in this announcement is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

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 27, 2019 02:01 ET (06:01 GMT)