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China New Energy Ltd (CNEL)

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Monday 29 January, 2018

China New Energy Ltd

Director/PDMR Shareholding

RNS Number : 1757D
China New Energy Ltd
29 January 2018
 

29 January 2018

China New Energy Limited

 

("CNE" or "the Company")

 

Director's dealings

 

The Board of CNE (AIM:CNEL), the AIM quoted engineering and technology solutions provider to the bioenergy sector, was notified on 26 January 2018 that Mr Xinchun Jiang, a PDMR, acquired 2,450,000 ordinary shares in the Company at an average price of 1.56p. Mr Xinchun Jiang now holds 26,675,000 ordinary shares in the Company with a holding of 5.43% of issued share capital.

 

The total issued share capital of the Company comprises 491,256,350 ordinary shares of 0.025p each. The Company holds 46,808,809 shares in treasury, accordingly total voting rights are 444,447,541.

 

The Chairman, Mr Yu, commented "Mr Jiang was recently promoted to CEO of our main operating division ZKTY, and his share purchases demonstrate real confidence and commitment to the future development of the business". 

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and the person who arranged for release of this announcement on behalf of the Company was Richard Bennett.

 

For further information, please visit www.chinanewenergy.co.uk or contact:

 

China New Energy Limited


Nick Brooks

Richard Bennett

[email protected]   Tel: +44 7920 060218

[email protected]    Tel: +44 7966 388 374

Ivy Xu

[email protected]    Tel: +86 20 8705 9371

 

Cairn Financial Advisers LLP (Nomad)


Jo Turner / Sandy Jamieson              

Tel: +44 20 7213 0880

 

Daniel Stewart and Company (Broker)


David Lawman

Tel: +44 20 7776 6550

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Jiang Xinchun

2

Reason for notification


a.

Position/Status

GM of ZKTY

b.

Initial notification/

Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

China New Energy Limited

b.

LEI

213800U8Y7E1T1Y2NR27

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

 

ISIN: JE00B3RWLF12

b.

Nature of the transaction

Purchase of shares

c.

Price(s) and volume(s)







Price(s) per share

Volume(s)


1.54

1.529

1.55

1.6

1.54

1.5796

150000

600000

400000

500000

400000

400000

 


 

 

d.

Aggregated information

 

- Aggregated Volume

 

- Price

38162.40

 

2,450,000

 

1.5577p

e.

Date of the transaction

17 Jan 2018-26 Jan 2018

f.

Place of the transaction

HK

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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