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VPhase PLC (IAF)

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Monday 28 May, 2012

VPhase PLC

Director/PDMR Shareholding

RNS Number : 2669E
VPhase PLC
28 May 2012
 

 

 

 

Press release

28 May 2012

 

VPhase plc

 

("VPhase" or the "Company")

 

Share based payments and Total Voting Rights

 

 

VPhase plc, (AIM:VPHA), a leading developer of energy saving products for residential and commercial properties, today announces that in accordance with the agreement entered into with the Non-executive directors of the Company on the placing of shares approved at the General Meeting held 5 December 2011, each non-executive director has received the following ordinary shares of 0.25 pence each in lieu of their directors' fees.

 

Director

Shares issued in lieu of directors' fees

Total shares held post share issue

Percentage of total shares in issue

Vanda Murray OBE

      283,667

4,075,049

           0.34%

Duncan Sedgwick

      133,547

1,296,352

          0.11%

Nicholas Moss

      230,991

6,531,931

          0.53%

 

The shares have been issued at the closing mid-point on Thursday the 24 May 2012 of 0.78 pence per share.

 

Application will be made for admission of the Shares to trading on AIM ("Admission"). It is expected that Admission will become effective on 1 June 2012.

 

Following the issue the Company will have a total of 1,276,743,789 Ordinary Shares in issue. 

 

 

Ends -

For further information:

VPhase plc


Rick Smith, Chief Executive Officer

+44 (0) 151 348 2100


www.vphase.co.uk

 

Panmure Gordon

+44 (0) 20 7459 3600

Hugh Morgan / Callum Stewart

Corporate Finance

www.panmure.com

Adam Pollock

Corporate Broking


 

Media enquiries

Abchurch Communications Limited

+44 (0) 20 7398 7710

Joanne Shears / Quincy Allan


quincy.allan@abchurch-group.com

www.abchurch-group.com

 

Notes to Editors:

 

About VPhase

VPhase plc is an energy efficiency technology company that launched the first domestic voltage optimisation device in the UK. The VPhase VX1 lowers the voltage in the home, reducing the energy consumption of many electrical appliances, saving money and reducing carbon emissions.

 

The VPhase device:

-      has been proven to save up to 12% off home electricity bills;

-      is easily installed by a qualified electrician;

-      does not require a change in lifestyle or electricity supplier;

-      is low cost, with a typical payback of under 5 years;

-      has a 5 year manufacturer's warranty and an expected lifespan in excess of 25 years;

-      can save up to 4.5 tonnes of CO2 over its 25+ year life;

-      attaches to the consumer unit (fuse box) and regulates the voltage to 220 volts;

-      is the next most affordable and effective green option for the home, after insulation.

 

The VPhase VX1 has been extensively tested with independent verification supporting the saving claims, including an Ofgem approved CERT demonstration action, social housing trials and a range of independent consumer trials. Many electrical appliances in the home will benefit from having their voltage optimised and reduced, including fridges, freezers, central heating pumps, televisions, washing machines, vacuum cleaners, etc. - and even 'energy-saving' light bulbs. As well as reducing the homes electricity bill, there is evidence that the life of electrical appliances can be extended by the use of this product; light bulbs in particular, have demonstrated at least a doubling of operating life when on a voltage optimised circuit.

 

Web: www.vphase.co.uk

Facebook: http://on.fb.me/cUBnek 

Twitter: www.twitter.com/vphase 

LinkedIn: http://linkd.in/qqbyYS 

YouTube: www.youtube.com/vphase 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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