TIDMPPG

RNS Number : 2588Y

Plutus PowerGen PLC

07 May 2019

Plutus PowerGen Plc / Ticker: PPG / Index: AIM

PLUTUS POWERGEN PLC

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

7 May 2019

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 James Longley, Chief Financial Officer of the Company, today transferred 10,649,666 ordinary shares of 0.1 pence each ("Ordinary Shares") at an average price of 0.30 pence per Ordinary Share into a SIPP account (the "Transfer").

Following the Transfer, James Longley's total beneficial interest remains unchanged at 67,500,000 Ordinary Shares, representing 8.18 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 7582 
                                                                               6598 
           David Foreman               Cantor Fitzgerald Europe               Tel: +44 (0) 20 7894 
                                                                               7000 
                            -------------------------------------  ------------------------------- 
           Richard Salmond             Cantor Fitzgerald Europe               Tel: +44 (0) 20 7894 
                                                                               7000 
                            -------------------------------------  ------------------------------- 
           Isabel 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:                                  James Longley 
     -------------------------------------  -------------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status:                       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: 
     -------------------------------------  -------------------------------- 
 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) 
                                                Sale 
                                                 of shares 
                                                 at 0.30 
                                                 pence        10,649,666 
                                                             ------------ 
 
                                                 Purchase 
                                                 of shares 
                                                 by SIPP 
                                                 at 0.303 
                                                 pence         10,649,666 
     -------------------------------------  -------------------------------- 
 d)   Aggregated information: 
                                                Prices(s)    Volume(s) 
       Aggregated volume:                       Transfer 
                                                 at 0.30 
       Price:                                    pence       10,649,666 
                                                            ----------- 
     -------------------------------------  -------------------------------- 
 e)   Date of transaction:                   7 May 2019 
     -------------------------------------  -------------------------------- 
 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

DSHARMJTMBIMBML

(END) Dow Jones Newswires

May 07, 2019 09:44 ET (13:44 GMT)

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