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                                      [phone]

Beaumont Cornish Limited (Nominated Adviser)

Roland Cornish / James Biddle    [phone]

Novum Securities Limited (Joint Broker)

Colin Rowbury          [phone]

Optiva Securities Limited (Joint Broker)

Christian Dennis  [phone]

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

 

END

 

 

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