Director share participation in the Open Offer

RNS Number : 6670L

Camco Clean Energy PLC

08 July 2014

 

8 July 2014

Camco Clean energy plc

("Camco" or "the Company")

Director share participation in the Open Offer

Camco Clean Energy plc, the clean energy and energy storage company, today announces that the two executive Directors, being Scott McGregor and Jonathan Marren, have instructed application to be made to invest up to £80,000 (in aggregate) in the Open Offer announced on 27 June 2014.

The applications represent each of Scott McGregor and Jonathan Marren's full entitlements under the Open Offer and additional amounts for which they have applied through the Excess Application Facility at the Open Offer price of 4 pence per ordinary share.

In addition, each of the non-executive Directors owning shares, being Jeff Kenna and Michael Farrow, have also made applications covering their entitlements under the Open Offer.

	Number of existing ordinary shares	Percentage of existing share capital	Take up of entitlement under the Open Offer	Excess application made	Total application	Number of Ordinary Shares (following Admission)*	Percentage of existing share capital (following Admission)**
Scott McGregor	4,241,592	2.0%	265,099	484,901	750,000	4,991,592	2.0%
Jonathan Marren	3,310,892	1.6%	206,979	1,043,021	1,250,000	4,560,892	1.9%
Jeff Kenna	2,037,830	1.0%	113,301	64,863	127,363	2,165,193	0.9%
Michael Farrow	81,158	0.0%	5,072	-	5,072	86,230	0.0%
	9,671,472		539,650	1,592,785	2,132,435	11,803,907
*	Assume excess applications are not scaled back
**	Assuming full take-up of entitlements under the Open Offer

Definitions included in this announcement have the same meaning as those set out in the Circular to Shareholders dated 7 July 2014.

Enquiries:

Camco Clean Energy plc                                          [phone]

Scott McGregor, Chief Executive Officer

Jonathan Marren, Chief Financial Officer

N+1 Singer (Nominated Adviser and Broker)                 [phone]

Andrew Craig

Ben Wright

Newgate Threadneedle

Caroline Forde, Josh Royston, Hilary Millar                    [phone]

About Camco Clean Energy

Camco Clean Energy plc (AIM: CCE) is a clean energy development company which combines technical and commercial expertise to finance, develop, and operate renewable energy projects and storage technology.

With 25 years of experience and an outstanding track record throughout Asia, North America, Africa and Europe, Camco works with local developers, governments, development banks, and private investors to implement clean energy projects, policies, and technologies and reduce emissions.

In the last year, Camco has developed utility scale biogas plants in the US, managed the funding of a number of smaller scale solar and biogas projects in Africa, and brought an advanced energy storage technology to market (REDTenergy).

 

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