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EENERGY GROUP PLC — Director's Dealing 2020
Apr 17, 2020
7616_dirs_2020-04-17_f12423ae-f796-4acb-918b-8ca43b169439.html
Director's Dealing
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National Storage Mechanism | Additional information
RNS Number : 9576J
eEnergy Group PLC
17 April 2020
eEnergy Group plc
("eEnergy" or "the Group")
Director/PDMR share dealings
eEnergy Group plc (AIM: EAAS), a leading "Energy Efficiency-as-a-Service" (EEaaS) business in the UK and Ireland, announces it was informed on 16 April 2020 that the following directors and PDMR purchased ordinary shares in the Company on 15 April and 16 April 2020:
| Name and position | Number of shares held prior to purchase | Number of shares purchased at: | Resultant number of shares beneficially interested in | Percentage of current issued share capital | |
| Average price of 5.266 pence per share | Price of 5.9 pence per share | ||||
| David Nicholl (Chairman) | 13,128,153 | 80,000 | 13,333 | 13,221,486 | 10.10% |
| Harvey Sinclair (CEO) | 20,645,428 | 80,000 | 13,333 | 20,738,761 | 15.84% |
| Richard Williams (CFO) | - | 80,000 | 13,333 | 93,333 | 0.07% |
| Dr Nigel Burton (NED) | 458,333 | 80,000 | 13,334 | 551,667 | 0.42% |
| Andrew Lawley (NED) | - | 80,000 | 13,333 | 93,333 | 0.07% |
| Ian McKenna (Ireland MD)(PDMR) | 20,645,428 | 80,000 | 13,334 | 20,738,762 | 15.84% |
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This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Contacts:
| eEnergy Group plc | Tel: +44 20 7078 9564 |
| Harvey Sinclair, Chief Executive Officer | [email protected] www.eenergyplc.com |
| Cairn Financial Advisers (Nominated Adviser) | Tel: +44 (0)20 7213 0880 |
| Sandy Jamieson / James Caithie | |
| Turner Pope Investments (Broker) | Tel: +44 (0)20 3657 0050 |
| Andy Thacker / Zoe Alexander | [email protected] |
| Newgate Communications | Tel: +44(0)20 3757 6880 |
| Giles Croot / Robin Tozer | [email protected] |
About eEnergy Group plc
eEnergy is an established "Energy Efficiency-as-a-Service" (EEaaS) business currently focused on providing "Light-as-a-Service" to commercial customers through eLight. eLight helps businesses and schools switch to LED lighting for a fixed monthly service fee, avoiding any upfront payments. For customers, the energy savings are greater than the monthly service fee, allowing them to unlock free cash-flow from day one as well as to improve the quality of their lighting and reduce carbon emissions. eLight procures, funds, installs and maintains the LED lighting, meaning the customer has no risk.
eEnergy was admitted to AIM in January 2020. The Board's strategy is to develop eEnergy as a broader energy services company and acquire other businesses in the energy management sector. The market in the EU for energy efficiency services was approximately €25 billion in 2017 and is expected to double by 2025.
eEnergy has been awarded The Green Economy Mark by the London Stock Exchange, which recognises a company's work on sustainability.
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a. | Name | a) David Nicholl b) Harvey Sinclair c) Richard Williams d) Dr Nigel Burton e) Andrew Lawley f) Ian McKenna |
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| 2 | Reason for notification | |||||
| a. | Position/Status | a) Director of the Company b) Director of the Company c) Director of the Company d) Director of the Company e) Director of the Company f) PDMR |
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| b. | Initial notification/ Amendment |
Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a. | Name | eEnergy Group Plc | ||||
| b. | LEI | 2138003SZQSPC16PLX94 | ||||
| 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 instrument, type of instrument Identification Code |
Ordinary shares of 0.3p each ISIN: GB00BJP1KD31 |
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| b. | Nature of the transaction | Purchase of ordinary shares in the Company | ||||
| c. | Price(s) and volume(s) | |||||
| Price(s) per share | Volume(s) | |||||
| a) 80,000 a) 13,333 b) 80,000 b) 13,333 c) 80,000 c) 13,333 d) 80,000 d) 13,334 e) 80,000 e) 13,333 f) 80,000 f) 13,333 |
a) 5.266p (average) a) 5.9p b) 5.266p (average) b) 5.9p c) 5.266p (average) c) 5.9p d) 5.266p (average) d) 5.9p e) 5.266p (average) e) 5.9p f) 5.266p (average) f) 5.9p |
|||||
| d. | Aggregated information - Volume - - Price |
480,000 and 80,000 ordinary shares 5.266p and 5.9p |
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| e. | Date of the transaction | 15 & 16 April 2020 | ||||
| f. | Place of the transaction | London Stock Exchange, AIM |
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 [email protected] or visit www.rns.com.
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