Director Dealing

RNS Number : 3620T

RedT Energy PLC

04 January 2017

 

-redT energy plc

("redT" or the "Company")

Director Dealing

The Company announces that on 3 January 2017 Neil O'Brien, a Non-Executive Director of the Company, acquired 625,000 ordinary shares of €0.01 each in the capital of the Company ("Ordinary Shares") following his participation in the Placing announced by the Company on 8 December 2016, at a price of 8.0 pence per Ordinary Share (the "Transaction").

Following the Transaction, Mr O'Brien is interested in a total of 625,000 Ordinary Shares, representing 0.10 per cent. of the Company's issued share capital.

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	Neil O'Brien
2.	Reason for the Notification
a)	Position/status	Non-Executive Director of the Company
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	redT energy plc
b)	LEI	213800N2NKOTYUNRCU14
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 €0.01 each
	Identification code	GB00B11FB960
b)	Nature of the Transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 8.00p 625,000
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	3 January 2017
f)	Place of the transaction	London Stock Exchange, AIM (LON:RED)

Enquiries:

redT energy plc	[phone]
Scott McGregor, Chief Executive Officer
Joe Worthington, Investor & Media Relations
Cenkos Securities plc
Nick Tulloch	[phone]
Derrick Lee	[phone]
Celicourt (Financial PR) Mark Antelme Joanna Boon Jimmy Lea	[phone]

Notes to Editors

About redT energy

redT energy develops and supplies durable and robust energy storage machines based on proprietary vanadium redox flow technology for on and off-grid applications. The liquid storage medium affords an exceptionally long life of up to 25,000 full charge/discharge cycles and a 100 per cent usable depth of discharge. Combined with low maintenance requirements, this delivers industry leading lowest levelised cost of storage (LCOS) and total cost of ownership (TCO) results. The modular approach allows the power and energy components of systems to be independently sized to meet customer requirements.

Until now it has not been possible to directly compare variable renewable energy generation sources with diesel or fossil fuel generation. PV + Storage is now reaching 'grid parity' in many countries, a paradigm shift in energy production, which will ultimately enable a distributed energy network optimising conventional and renewable generation. The redT energy storage machine has applications in remote power, smart grids, power quality, and all aspects of renewable energy management.

To find out more about redT products or to register your interest in purchasing an energy storage machine please go to the below web address:

http://www.redtenergy.com/register-interest

For sales enquiries, please email [e-mail] or call [phone]

 

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