Director dealing and clarification of holding

RNS Number : 1690N

Good Energy Group PLC

21 October 2016

 

21 October 2016

Good Energy Group PLC

("Good Energy" or "the Company")

Director dealing and clarification regarding Director's holding

Good Energy announces that on 20th October 2016, Shire Oak Energy Limited, a company wholly owned by Mark Shorrock, husband of Juliet Davenport, Chief Executive Officer of the Company, sold its entire holding of 25,000 ordinary shares of 5p each (the "Ordinary Shares") in the Company (the "Share Sale") at a price of 260p per share.

In preparing this RNS it has come to light that Good Energy did not previously include the shares held by Shire Oak Energy Limited or Mark Shorrock's personal holding of 43,000 Ordinary Shares in the Company, in Ms. Davenport's holding.

Part of Mark Shorrock's personal holding in the Company was acquired prior to the Company being admitted to trading on AIM, therefore Ms. Davenport's holding was understated by 3,000 shares in the Admission Document (dated 25th July 2012). The balance of 40,000 Ordinary Shares held by Mark Shorrock was subscribed for through the Open Offer on 31^st July 2013.

Following the Share Sale, the Company can confirm that Ms. Davenport's holding is 637,086 Ordinary Shares representing 3.9 per cent. of the present issued share capital of the Company. This figure is 43,000 Ordinary Shares higher than that which has been previously disclosed.

For further information, please contact:

Arden Partners plc (Nomad)           Steve Douglas Patrick Caulfield	0121 423 8900
Camarco (Financial PR Adviser) Geoffrey Pelham-Lane Georgia Mann	020 3757 4980
Good Energy Press Office Luke Bigwood	01249 478 358

Notes to editors

Good Energy is a fast-growing 100% renewable electricity and green gas company, offering award-winning customer service.

An AIM-listed PLC, and founder member of the Social Stock Exchange, its mission is to support change in the energy market, address climate change and boost energy security.

The company has consistently performed well in the annual Which? energy company customer satisfaction survey, winning first or second place in each of the last five years.

It now has 72,500 renewable electricity customers and 43,000 gas customers. It also provides Feed-in Tariff administrative services to 124,500 sites. (All figures as at 30 June 2016.)

Good Energy is the owner of Delabole Wind Farm, the UK's first commercial wind farm, and owns and operates Hampole Wind Farm, near Doncaster. The company also owns and operates seven solar farms.

Good Energy has won a number of awards including Renewable Energy Association Company of the Year Award 2016, BusinessGreen Company of the Year Award 2015, and, was named Social Impact Company of the Year at the 2014 and 2015 Small Cap awards.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Juliet Davenport
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Good Energy Group PLC
b)	LEI
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 5p each ISIN :   GB0033600353
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 260p 25,000
d)	Aggregated information - Aggregated volume - Price	N/A (Single transaction)
e)	Date of the transaction	20 October 2016
f)	Place of the transaction	London Stock Exchange (XLON)

 

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