Aggregated Micro Power Holdings PLC Director/PDMR Shareholding (2038U)
July 10 2018 - 10:16AM
UK Regulatory
TIDMAMPH
RNS Number : 2038U
Aggregated Micro Power Holdings PLC
10 July 2018
Aggregated Micro Power Holdings plc
("AMP", the "Group" or the "Company")
Director/PDMR Shareholding
Aggregated Micro Power Holdings plc (AIM: AMPH), the specialist
provider of distributed heat, power and renewable fuels, was
notified on 9 July 2018 of a share transfer pursuant to Neil
Eckert's, Executive Chairman of the Company, transfer of his
self-invested personal pension ("SIPP") from one Trustee to another
Trustee in specie (the "Transfer").
Following the completion of the Transfer, there will be no
change to Mr Eckert's total beneficial interest in the Company,
being 7,850,700 ordinary shares representing approximately 18.2% of
the Company's issued share capital and GBP645,000 nominal of AMP
Fixed Rate Secured Convertible Loan Notes 2021 ("CLNs").
At the same time, Mr Eckert has entered into an agreement with
his new SIPP Trustee to charge all assets in his new SIPP, which
will include 339,356 ordinary shares in the Company and 305,000
CLNs, as security for a revolving credit facility. Under the terms
of the charge, title to the securities in the Company can be
transferred, sold or otherwise dealt with by the SIPP Trustee
following an event of default under the security agreement. The
transfer of the CLNs is expected to be effective very shortly and a
further notification will be made at that time.
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 Eckert
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2. Reason for the Notification
-----------------------------------------------------------------------------------------------
a) Position/status Executive Chairman
------------------------------- --------------------------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- --------------------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------------
a) Name Aggregated Micro Power Holdings plc
------------------------------- --------------------------------------------------------------
b) LEI 2138001HABA1FAB3WC13
------------------------------- --------------------------------------------------------------
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 * Ordinary Shares of 0.5 pence
Financial instrument,
type of instrument
Identification code GB00BC4F3V69
------------------------------- --------------------------------------------------------------
b) Nature of the transaction In specie transfer and charge over
ordinary shares
------------------------------- --------------------------------------------------------------
c) Price(s) and volume(s) Ordinary Shares Price(s) Volume(s)
103p 339,356
----------
------------------------------- --------------------------------------------------------------
d) Aggregated information:
* Aggregated volume * In specie transfer of 339,356 ordinary shares at
GBP1.03
* Price
------------------------------- --------------------------------------------------------------
e) Date of the transaction 28 June 2018
------------------------------- --------------------------------------------------------------
f) Place of the transaction Outside of trading venue
------------------------------- --------------------------------------------------------------
Contacts
Aggregated Micro Power Holdings plc 020 7382 7800
Neil Eckert, Executive Chairman
Richard Burrell, CEO
Izzy Deterding, Investor Relations
Haggie Partners LLP 020 7562 4444
Peter Rigby
finnCap Ltd 020 7220 0500
Ed Frisby/Simon Hicks (Corporate Finance)
Stephen Norcross/Richard Chambers (Corporate Broking)
Whitman Howard Ltd 020 7659 1234
Mark Murphy
Nick Lovering/Francis North
About Aggregated Micro Power Holdings plc
The AMP Group was established to develop, own and operate
renewable energy generating facilities. It specialises in the sale
of wood fuels and in the installation of distributed energy
projects. AMP's wholly owned subsidiary Forest Fuels sells high
quality wood chip and wood pellet to end customers throughout the
UK, while its projects division installs biomass boiler and biomass
CHP systems for a wide range of applications and customers. AMP is
also active in developing projects for stand-by power generation
which aim to balance the transmission grid at times of peak
demand.
www.ampplc.co.uk
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London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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