TIDMACTA
RNS Number : 7673R
Acta S.p.A.
30 October 2013
Press Release 30 October 2013
Acta S.p.A.
("Acta" or "the Company")
Directors' Share Dealings
Following the announcement by Acta (AIM:ACTA), the clean energy
products company, on 25 October 2013 confirming the successful
placing (the 'Placing'), the Company has been notified that on 30
October 2013, the following Acta Board members participated in the
Placing for a total subscription of GBP33,000 in aggregate, as
follows:
Paolo Bert, Chief Executive, acquired 142,857 ordinary shares of
EUR 0.006 each in the Company ("Ordinary Shares") at a price of 7
pence per Ordinary Share. Prior to the Placing, Paolo Bert held
17,313,022 Ordinary Shares and therefore, following the Placing,
has a beneficial interest in 17,455,879 Ordinary Shares in Acta,
representing 10.24% of the issued ordinary share capital.
Paul Barritt, Chief Financial Officer, acquired 142,857 Ordinary
Shares of EUR 0.006 each in the Company at a price of 7 pence per
Ordinary Share. Prior to the Placing, Paul Barritt held 35,000
Ordinary Shares and therefore, following the Placing, has a
beneficial interest in 177,857 Ordinary Shares in Acta,
representing 0.10% of the issued ordinary share capital.
Robert Drummond, Chairman, and family acquired 42,856 Ordinary
Shares of EUR 0.006 each in the Company at a price of 7 pence per
Ordinary Share. Prior to the Placing, Robert Drummond held 184,200
Ordinary Shares and therefore, following the Placing, has a
beneficial interest in 227,056 Ordinary Shares in Acta,
representing 0.13% of the issued ordinary share capital.
Aldo Filippini, Non Executive Director, acquired 71,429 Ordinary
Shares of EUR 0.006 each in the Company at a price of 7 pence per
Ordinary Share. Prior to the Placing, Aldo Filippini was not a
shareholder of Acta and therefore, following the Placing, has a
beneficial interest in 71,429 Ordinary Shares in Acta, representing
0.04% of the issued ordinary share capital.
Rodney Westhead, Non Executive Director, acquired 71,429
Ordinary Shares of EUR 0.006 each in the Company at a price of 7
pence per Ordinary Share. Prior to the Placing, Rodney Westhead
held 100,000 Ordinary Shares and therefore, following the Placing,
has a beneficial interest in 171,429 Ordinary Shares in Acta,
representing 0.10% of the issued ordinary share capital.
- ENDS-
For further information please contact:
Acta S.p.A. Tel: +39 050 644281
Paul Barritt, Chief Financial www.actaspa.com
Officer
Altium Capital (Nominated Tel: +44 (0)845 505 4343
Advisor)
Adrian Reed / Dom Orsini
Cantor Fitzgerald Europe Tel: +44 (0)20 7894 7000
(Broker)
Mark Percy / David Banks
/ Paul Jewell
Media enquiries:
Kreab Gavin Anderson (Financial Tel: +44 20 7074 1800
PR)
Robert Speed / Ross Gillam www.kreabgavinanderson.com
/ Christina Clark
About Acta S.p.A.
Acta S.p.A. is a developer and manufacturer of a range of clean
energy products. Based on its world-leading expertise in alkaline
membrane technology, the Company has developed a unique range of
low-cost, compact hydrogen generators (electrolysers) which produce
pure, dry compressed hydrogen at high efficiency from renewable or
grid power.
In April 2013 Acta launched the Acta Power, an integrated
electrolyser and fuel cell system for use in back-up power and
renewable energy storage applications. Best understood as a
"Hydrogen Battery", the system converts energy from renewable or
grid power when it is available and stores it in the form of
hydrogen, and then converts the hydrogen back to electrical power
when needed due to grid black-out or lack of solar / wind
power.
This system has extensive application as a back-up power unit
for telecommunications base stations, where it competes on cost
against traditional battery and diesel solutions, while offering a
cleaner solution and better service. In particular, the use of
rainwater and the generation of hydrogen on-site removes the cost
and logistical barriers of fuel delivery, while also avoiding the
theft risk associated with diesel, methanol and battery
systems.
The supply of fuel cell back-up power systems for
telecommunications base stations represents a large and
fast-growing market, especially in extensively bad-grid and
off-grid locations such as in Asia and Africa. Battery sales to the
Chinese telecoms industry are currently valued at $4.7 bn to $7.8
bn per annum (Fuel Cell Today, China).
Acta holds a portfolio of patents and patent applications on its
key technologies, manufactures its products through a combination
of production, component subcontracting, and final product assembly
and quality control, and has established distribution channels
through partnerships in China, India, SE Asia, Australia, Africa,
Middle East, Germany, UK, USA and South America.
Acta S.p.A. is based near Pisa, Italy, and was admitted to
trading on AIM in October 2005.
www.actaspa.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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