Plutus PowerGen PLC Directors Dealings (7801E)
05 Noviembre 2015 - 11:45AM
UK Regulatory
TIDMPPG
RNS Number : 7801E
Plutus PowerGen PLC
05 November 2015
Plutus PowerGen plc / Ticker: PPG / Index: AIM
5 November 2015
Plutus PowerGen plc ('PPG' or 'the Company')
Directors Dealing
Plutus PowerGen plc, the flexible standby power generation
developer and operator in the UK, announces that Paul Lazarevic,
Chief Operating Officer of the Company, bought 762,308 ordinary
shares of 0.1 pence each in the Company ("Ordinary Shares") in two
tranches, 142,308 Ordinary Shares at a price of 1.29 pence per
Ordinary Share on 3 November 2015 and 620,000 Ordinary Shares at a
price of 1.29 pence per Ordinary Share on 4 November 2015.
Following these transactions Mr. Lazarevic now has a beneficial
interest in 32,203,379 Ordinary Shares representing approximately
5.64% of the total voting rights in the Company.
The 762,308 Ordinary Shares bought by Mr. Lazarevic on 3(rd) and
4(th) of November and the 1,441,071 Ordinary Shares bought on the
2(nd) November and the 30(th) October are held in his self-invested
personal pension scheme held in the name of Pershing Securities
Limited. The 30,000,000 Ordinary Shares are held by Mr. Lazarevic
in his own name.
Mr. Lazarevic informed the Company of the details of his
dealings in the Company's Ordinary Shares on the same day on which
the acquisition of each acquisition was effected.
**ENDS**
For further information, please contact:
Charles Tatnall Plutus PowerGen plc Tel: +44 (0) 20 8720
6562
----------------- --------------------------- ---------------------
Phil Stephens Plutus PowerGen plc Tel: +44 (0) 20 8720
6562
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Ewan Leggat SP Angel Corporate Finance Tel: +44 (0) 20 3470
LLP 0470
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Laura Harrison SP Angel Corporate Finance Tel: +44 (0) 20 3470
LLP 0470
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Felicity Winkles St Brides Partners Tel: +44 (0) 20 7236
1177
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Elisabeth Cowell St Brides Partners Tel: +44 (0) 20 7236
1177
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Notes to Editors
Plutus PowerGen plc is an AIM listed company focused on the
development, construction and operation of flexible stand-by power
generation sites in the UK. At present, the market dynamics for
flexible power generation are positive as a result of the continued
downward pressure on capacity available to National Grid to balance
supply and demand, leading to their announcements about possible
power shortages over the next few years.
Flexible power generators such as PPG offer a viable and timely
solution to the power capacity shortfall in the UK. To this end,
PPG is initially focusing on delivering 200MW of capacity over the
next three years and currently has a project pipeline of potential
development sites with over 500MW of power generation capacity.
PPG has a straightforward multi-revenue stream model with large
and stable counter-parties and is using project/EIS funding through
SPVs to finance construction of the generation assets. This
structure has the benefit of limiting dilution to plc shareholders
as the assets are financed and built.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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