Director/PDMR Shareholding

RNS Number : 7895R

eEnergy Group PLC

10 March 2021

 

10 March 2021

eEnergy Group plc

("eEnergy" or "the Group")

PMDR Dealing

eEnergy Group plc (AIM: EAAS), a leading "Energy Efficiency-as-a-Service" (EEaaS) business in the UK and Ireland, announces that, on 10 March 2021, it was notified that Nicole Street, Divisional Finance Director and PDMR, sold a total of 350,000 ordinary shares of 0.3p in the Company ("Ordinary Shares"), at an average price of 17.2 pence per Ordinary Share (together, the "Share Sale").

The Share Sale occurred as Nicole is moving house. Following the Share Sale, Nicole remains interested in 689,854 Ordinary Shares, or 0.3 per cent. of total voting rights in the Company.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nicole Street
2	Reason for the notification
a)	Position/status	PDMR (Divisional Finance Director)
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	eEnergy Group plc
b)	LEI	2138003SZQSPC16PLX94
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	Ordinary shares of 0.3 pence each
	Identification code	GB00BJP1KD31
b)	Nature of the transaction	Sale of shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			17.2	350,000
d)	Aggregated information		N/A - Single transaction
e)	Date of the transaction	10 March 2021
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

Contacts:

eEnergy Group plc	Tel: [phone]
Harvey Sinclair, Chief Executive Officer Ric Williams, Chief Financial Officer	[e-mail] ; www.eenergyplc.com
N+1 Singer (Nominated Adviser and Joint Broker)	Tel: [phone]
Justin McKeegan, Mark Taylor, Carlo Spingardi (Corporate Finance) Tom Salvesen (Corporate Broking)
Turner Pope Investments (Joint Broker)	Tel: [phone]
Andy Thacker / Zoe Alexander	[e-mail]
SECNewgate	Tel: [phone]
Robin Tozer Isabelle Smurfit	eEnergy@s ecnewgate.co.uk

About eEnergy Group plc

eEnergy Group plc is a leading "Energy Efficiency-as-a-Service" (EEaaS) business focused on providing its core "Light-as-a-Service" ("LaaS"), to educational and commercial & industrial customers through its eLight and RSL operations in the UK and Ireland. The Group helps businesses and schools switch to LED lighting, typically for a fixed monthly service fee, avoiding any upfront payments.

eEnergy was admitted to AIM in January 2020.  The Board's strategy is to develop eEnergy as a broader energy services company and acquire other businesses in the energy management sector. The market in the EU for energy efficiency services was approximately €25 billion in 2017 and is expected to double by 2025. 

In December 2020, eEnergy completed the acquisition of Beond Group Limited. Beond is a UK-based renewable energy consulting and procurement business, whose services aim to reduce costs for clients and tackle climate change.  Beond's services include provision of clean energy strategy, smart energy procurement, hedging strategies, bill validation, bureau services and market intelligence. However, its key offering is its proprietary platform used to run reverse energy auctions for clients.

eEnergy has been awarded The Green Economy Mark by the London Stock Exchange, which recognises a company's work on sustainability. 

https://eenergyplc.com/  

 

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