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Advance Energy PLC (ADV)

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Wednesday 23 September, 2020

Advance Energy PLC

Director/PDMR Shareholding

RNS Number : 8580Z
Advance Energy PLC
23 September 2020
 

 

 

23 September 2020

 

Advance Energy plc

("Advance Energy" or the "Company")

 

Director/PDMR Shareholding

 

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 Leslie Peterkin, Chief Executive Officer, has purchased ordinary shares in the Company, as detailed below:

 

Number of Ordinary Shares

Average Price Paid Per Share

Total Consideration Paid

5,500,000

0.21 pence

  £11,550.00

 

Following the above purchase of shares, Mr Peterkin holds interests in the following Company securities:

 

Number of Ordinary Shares Held

% of Issued Share Capital

Number of Share Options Held

138,833,333

8.9%

50,000,000

 

Mr Peterkin's shares are held in the name of Jabelle Pty Ltd.

 

Enquiries:

 

Buchanan (Public Relations)

Ben Romney / Kelsey Traynor                                       +44 (0)20 7466 5000

 

Beaumont Cornish Limited (Nominated Adviser)

Roland Cornish / James Biddle                                     +44 (0) 20 7628 3396

 

Novum Securities Limited (Joint Broker)

Colin Rowbury          +44 (0)20 7399 9427

 

Optiva Securities Limited (Joint Broker)

Christian Dennis                                                                +44 (0)20 3411 1881

 

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

Leslie Peterkin

2

Reason for the notification

a)

Position/status

Chief Executive Officer & 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 5,500,000 ordinary shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 

0.21 pence per share

 

5,500,000

 

d

Aggregated information

- Aggregated volume

- Price

 

-  5,500,000

-  0.21p

e)

Date of the transactions

22 September 2020

f)

Place of the transactions

Outside a trading venue

 

 

 

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