ADL Andalas Energy And Power Plc

TIDMADV

RNS Number : 8580Z

Advance Energy PLC

23 September 2020

23 September 2020

Advance Energy plc

("Advance Energy" or the "Company")

Director/PDMR Shareholding

Advance Energy plc ( AIM:ADV ), the energy company seeking growth through acquisition or farm-in to non-operated interests in discovered upstream projects, advises that Leslie Peterkin, Chief Executive Officer, has purchased ordinary shares in the Company, as detailed below:

 
 Number of Ordinary     Average Price                  Total Consideration 
             Shares    Paid Per Share                                 Paid 
          5,500,000        0.21 pence                         GBP11,550.00 
                     ----------------  ----------------------------------- 
 

Following the above purchase of shares, Mr Peterkin holds interests in the following Company securities:

 
 Number of Ordinary   % of Issued Share   Number of Share 
        Shares Held             Capital      Options Held 
        138,833,333                8.9%        50,000,000 
                     ------------------  ---------------- 
 

Mr Peterkin's shares are held in the name of Jabelle Pty Ltd.

Enquiries:

Buchanan (Public Relations)

   Ben Romney / Kelsey Traynor                                       +44 (0)20 7466 5000 

Beaumont Cornish Limited (Nominated Adviser)

   Roland Cornish / James Biddle                                     +44 (0) 20 7628 3396 

Novum Securities Limited (Joint Broker)

   Colin Rowbury                                                                   +44 (0)20 7399 9427 

Optiva Securities Limited (Joint Broker)

Christian Dennis +44 (0)20 3411 1881

   For further information, please visit www.advanceplc.com   and @advanceplc on Twitter 

To register for Advance's email alerts, please complete the following form: https://www.advanceplc.com/media-centre/news/#alerts

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR").

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

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                            Leslie Peterkin 
      ------------------------------  ----------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------- 
 a)    Position/status                 Chief Executive Officer & Executive 
                                        Director 
      ------------------------------  ----------------------------------------- 
 b)    Initial notification            Initial 
        /Amendment 
      ------------------------------  ----------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------- 
 a)    Name                            Advance Energy plc 
      ------------------------------  ----------------------------------------- 
 b)    LEI                             213800TZWOYU7UFZ5V63 
      ------------------------------  ----------------------------------------- 
 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 nil par value 
        financial instrument, 
        type of instrument              ISIN: IM00BZ7PNY71 
        Identification code 
      ------------------------------  ----------------------------------------- 
 b)    Nature of the transaction       Purchase of 5,500,000 ordinary shares 
      ------------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s)          Price(s)                      Volume(s) 
      ------------------------------  -----------------------------  ---------- 
   0.21 pence per share                                              5,500,000 
  -----------------------------------------------------------------  ---------- 
 d     Aggregated information 
        - Aggregated volume                    *    5,500,000 
        - Price 
 
                                               *    0.21p 
      ------------------------------  ----------------------------------------- 
 e)    Date of the transactions        22 September 2020 
      ------------------------------  ----------------------------------------- 
 f)    Place of the transactions       Outside a trading venue 
      ------------------------------  ----------------------------------------- 
 

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END

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(END) Dow Jones Newswires

September 23, 2020 04:01 ET (08:01 GMT)

Andalas Energy And Power (LSE:ADL)
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