Director/PDMR Shareholding

RNS Number : 6484Z
Advance Energy PLC
22 September 2020
 

 

 

22 September 2020

 

Advance Energy plc

("Advance Energy" or the "Company")

 

Director/PDMR Shareholdings

 

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 Mark Rollins, Non-Executive Chairman, and Stephen West, Chief Financial Officer, have purchased ordinary shares in the Company, as detailed below:

 

 

Name

Number of Ordinary Shares

Average Price Paid Per Share

Total Consideration Paid

Mark Rollins

6,500,000

0.19625 pence

  £12,756.25

Stephen West

5,000,000

0.20 pence

£10,035.61

 

Following the above purchase of shares, Mr Rollins and Mr West hold interests in the following Company securities:

 

 

Name

Number of Ordinary Shares Held

% of Issued Share Capital

Number of Share Options Held

Mark Rollins

139,833,333

8.96%

50,000,000

Stephen West

8,799,201

0.56%

25,000,000

 

Mr Rollins' shares are held in the name of Noiva International SA.

 

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

Mark Rollins

2

Reason for the notification

a)

Position/status

Non-Executive Chairman

b)

Initial notification /Amendment

Initial

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 financial instrument, type of instrument

Identification code

Ordinary shares of nil par value

 

ISIN: IM00BZ7PNY71

b)

Nature of the transaction

Purchase of 6,500,000 ordinary shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 

0.1850 pence per share

0.2075 pence per share

3,250,000

3,250,000

d

Aggregated information

- Aggregated volume

- Price

 

-  6,500,000

-  0.19625p

e)

Date of the transactions

21 September 2020

f)

Place of the transactions

Outside a trading venue

 

 

 

 

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

Stephen West

2

Reason for the notification

a)

Position/status

CFO & Executive Director

b)

Initial notification /Amendment

Initial

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 financial instrument, type of instrument

Identification code

Ordinary shares of nil par value

 

ISIN: IM00BZ7PNY71

b)

Nature of the transaction

Purchase of 5,000,000 ordinary shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 

0.200 pence

0.198 pence

4,988,050

11,950

d

Aggregated information

- Aggregated volume

- Price

 

-  5,000,000

-  0.20 pence

e)

Date of the transactions

21 September 2020

f)

Place of the transactions

Outside a trading venue

 

 

 

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFLFLAASILFII
UK 100

Latest directors dealings