Plutus PowerGen PLC Director's Dealing (5790B)
October 07 2015 - 10:42AM
UK Regulatory
TIDMPPG
RNS Number : 5790B
Plutus PowerGen PLC
07 October 2015
Plutus PowerGen Plc / Ticker: PPG / Index: AIM
07 October 2015
Plutus PowerGen plc ('PPG' or 'the Company')
Director's Dealing
Plutus PowerGen plc, the AIM listed power company focused on the
development, construction and operation of flexible stand-by
electricity generation in the UK, announces that further to the
announcement of 02 September 2015, the transfer of 600,000 Ordinary
Shares of 0.1 pence each held by Mr Longley on behalf of his son,
Oliver Edmund Chapman Longley and 7,216,999 Ordinary Shares held in
Mr Longley's self-invested personal pension scheme ("SIPP") from an
account with Stocktrade have been transferred to an account with
Hargreaves Lansdown at a price of 0.98p per ordinary share.
Following the transfers detailed above, Mr Longley's beneficial
holding of 47,500,000 Ordinary Shares will remain unchanged and he
will retain his ultimate beneficial interest in a total of
47,500,000 Ordinary Shares which represents approximately 8.31 per
cent. of the Company's issued share capital.
**ENDS**
For further information, please visit www.plutuspowergen.com, or
contact:
Charles Tatnall Plutus PowerGen Plc Tel: +44 (0) 20 8720
6562
----------------- --------------------------- ---------------------
Phil Stephens Plutus PowerGen Plc Tel: +44 (0) 20 8720
6562
----------------- --------------------------- ---------------------
Ewan Leggat SP Angel Corporate Finance Tel: +44 (0) 20 3470
LLP 0470
----------------- --------------------------- ---------------------
Felicity Winkles St Brides Partners Tel: +44 (0) 20 7236
1177
----------------- --------------------------- ---------------------
Elisabeth Cowell St Brides Partners Tel: +44 (0) 20 7236
1177
----------------- --------------------------- ---------------------
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 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
RDSFMMGGDNLGKZM
(END) Dow Jones Newswires
October 07, 2015 10:42 ET (14:42 GMT)
Ipso Ventures (LSE:IPS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ipso Ventures (LSE:IPS)
Historical Stock Chart
From Apr 2023 to Apr 2024