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VPhase PLC (IAF)

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Thursday 28 October, 2010

VPhase PLC

Director's Shareholdings

RNS Number : 1841V
VPhase PLC
28 October 2010
 



 

 

Press release

28 October 2010

 

VPhase plc

 

("VPhase" or the "Company" or the "Group")

 

Director's Shareholdings

 

 

VPhase plc, (AIM:VPHA), a leading developer of energy saving products for residential and commercial properties,was informed on 28 October 2010 that, on the same day, Energetix (Nominees) Limited transferred the legal ownership in 12,489,498 ordinary shares of 0.25p each to  Richard Smith, Chief Executive Officer and 4,688,250 ordinary shares of 0.25p each to Nicholas Moss, Non - executive Director.

 

In each case the transfers are for nil consideration being to the beneficial owners of the shares.

 

Following these transfers, Mr. Smith's beneficial interest in the Company remains unchanged at 12,909,666 ordinary shares of 0.25p each, representing approximately 1.61 per cent. of the issued share capital of the Company and Mr. Moss's beneficial interest in the Company remains unchanged at 4,688,250 ordinary shares of 0.25p each, representing approximately 0.58 per cent. of the issued share capital of the Company.

- Ends -

 

For further information:

VPhase plc


Rick Smith, Chief Executive Officer

+44 (0) 151 348 2100


www.vphase.co.uk

 

Ambrian Partners Limited

+44 (0) 20 7634 4700

Andrew Craig / Ben Wright, NOMAD

www.ambrian.com



 

 

Media enquiries

Abchurch Communications Limited

+44 (0) 20 7398 7710

Sarah Hollins / Joanne Shears / Quincy Allan


quincy.allan@abchurch-group.com

www.abchurch-group.com

 

 

Notes to Editors:

 

About VPhase PLC

 

VPhase plc provides a product that reduces the energy consumption of many domestic electrical appliances.

 

The VPhase device:

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

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

·         easy to fit by a qualified electrician;

·         saves money from the moment of installation, with no need for behavioural changes;

·         enables many appliances to work more efficiently; and

·         reduces electricity usage and carbon emissions.

 

Independently verified tests by VPhase have demonstrated that the product can typically save around 10% of the electricity across a range of domestic products including fridges, freezers, central heating pumps, televisions and other items, even 'energy-saving' light bulbs.  This should equate to savings for the typical homeowner of between £40 and £135 per annum.

 

In addition, 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 two times longer life when on a circuit managed by the voltage optimisation product as compared to those without the product.

 

www.vphase.co.uk


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