TIDMPPG

RNS Number : 6886I

Plutus PowerGen PLC

28 November 2018

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via a Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

Plutus PowerGen Plc / Ticker: PPG / Index: AIM

PLUTUS POWERGEN PLC

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

28 November 2018

Director 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, announces that it has today been notified that Charles Tatnall, Executive Chairman of the Company, yesterday purchased 5,000,000 ordinary shares of 0.1 pence each ("Ordinary Shares") at an average price of 0.49762 pence per Ordinary Share (the "Purchase").

Following the Purchase, Charles Tatnall has a total beneficial interest in 80,500,000 Ordinary Shares, representing 9.75 per cent. of the Company's issued Ordinary Share capital.

ENDS

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

 
           Charles Tatnall             Plutus PowerGen Plc                    Tel: +44 (0) 20 3705 
                                                                               8350 
           David Foreman               Cantor Fitzgerald Europe               Tel: +44 (0) 20 7894 
                                                                               7000 
                            -------------------------------------  ------------------------------- 
           Richard Salmond             Cantor Fitzgerald Europe               Tel: +44 (0) 20 7894 
                                                                               7000 
                            -------------------------------------  ------------------------------- 
           Andy Thacker                Turner Pope                            Tel: +44 (0) 20 3621 
                                                                               4120 
                            -------------------------------------  ------------------------------- 
           Hugo de Salis               St Brides Partners Limited             Tel: +44 (0) 20 7236 
                                                                               1177 
                            -------------------------------------  ------------------------------- 
 

Appendix

The below notification is made in accordance with the requirements of the EU Market Abuse Regulation.

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                    Charles Tatnall 
     ---------------------------------------  ------------------------------ 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status:                         Executive Chairman 
     ---------------------------------------  ------------------------------ 
 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: 
     ---------------------------------------  ------------------------------ 
 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 
       instrument, type of instrument:          of 0.1 pence 
 
       Identification code:                     GB00B1GDWB47 
     ---------------------------------------  ------------------------------ 
 b)   Nature of the transaction:               Transfer of shares 
                                                into an ISA 
     ---------------------------------------  ------------------------------ 
 c)   Price(s) and volume(s):                    Prices(s)    Volume(s) 
                                                  0.49 
                                                   pence       1,000,000 
                                                  0.495 
                                                   pence       1,000,000 
                                                  0.4974 
                                                   pence       500,000 
                                                  0.50 
                                                   pence       1,000,000 
                                                  0.50 
                                                   pence       1,000,000 
                                                  0.5088 
                                                   pence       500,000 
                                                              ---------- 
     ---------------------------------------  ------------------------------ 
 d)   Aggregated information:                  Single transaction 
                                                as in 4 c) above 
       Aggregated volume:                        Prices(s)    Volume(s) 
                                                 0.49762 
       Price:                                     pence       5,000,000 
                                                             ---------- 
     ---------------------------------------  ------------------------------ 
 e)   Date of transaction:                     27/11/2018 
     ---------------------------------------  ------------------------------ 
 f)   Place of transaction                     London Stock Exchange 
     ---------------------------------------  ------------------------------ 
 

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 rns@lseg.com or visit www.rns.com.

END

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November 28, 2018 02:01 ET (07:01 GMT)

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