Good Energy Group PLC Director dealing and clarification of holding (1690N)

TIDMGOOD

RNS Number : 1690N

Good Energy Group PLC

21 October 2016

Good Energy Group PLC

("Good Energy" or "the Company")

Director dealing and clarification regarding Director's holding

Good Energy announces that on 20th October 2016, Shire Oak Energy Limited, a company wholly owned by Mark Shorrock, husband of Juliet Davenport, Chief Executive Officer of the Company, sold its entire holding of 25,000 ordinary shares of 5p each (the "Ordinary Shares") in the Company (the "Share Sale") at a price of 260p per share.

In preparing this RNS it has come to light that Good Energy did not previously include the shares held by Shire Oak Energy Limited or Mark Shorrock's personal holding of 43,000 Ordinary Shares in the Company, in Ms. Davenport's holding.

Part of Mark Shorrock's personal holding in the Company was acquired prior to the Company being admitted to trading on AIM, therefore Ms. Davenport's holding was understated by 3,000 shares in the Admission Document (dated 25th July 2012). The balance of 40,000 Ordinary Shares held by Mark Shorrock was subscribed for through the Open Offer on 31(st) July 2013.

Following the Share Sale, the Company can confirm that Ms. Davenport's holding is 637,086 Ordinary Shares representing 3.9 per cent. of the present issued share capital of the Company. This figure is 43,000 Ordinary Shares higher than that which has been previously disclosed.

For further information, please contact:

 
 Arden Partners plc (Nomad) 
  Steve Douglas 
  Patrick Caulfield                0121 423 8900 
 Camarco (Financial PR Adviser) 
  Geoffrey Pelham-Lane 
  Georgia Mann                     020 3757 4980 
 Good Energy Press Office 
  Luke Bigwood                     01249 478 358

Notes to editors

Good Energy is a fast-growing 100% renewable electricity and green gas company, offering award-winning customer service.

An AIM-listed PLC, and founder member of the Social Stock Exchange, its mission is to support change in the energy market, address climate change and boost energy security.

The company has consistently performed well in the annual Which? energy company customer satisfaction survey, winning first or second place in each of the last five years.

It now has 72,500 renewable electricity customers and 43,000 gas customers. It also provides Feed-in Tariff administrative services to 124,500 sites. (All figures as at 30 June 2016.)

Good Energy is the owner of Delabole Wind Farm, the UK's first commercial wind farm, and owns and operates Hampole Wind Farm, near Doncaster. The company also owns and operates seven solar farms.

Good Energy has won a number of awards including Renewable Energy Association Company of the Year Award 2016, BusinessGreen Company of the Year Award 2015, and, was named Social Impact Company of the Year at the 2014 and 2015 Small Cap awards.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------- 
 a)   Name                       Juliet Davenport 
---  -------------------------  ----------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------- 
 a)   Position/status            Director 
---  -------------------------  ----------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ----------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------- 
 a)   Name                       Good Energy Group PLC 
---  -------------------------  ----------------------------- 
 b)   LEI 
---  -------------------------  ----------------------------- 
 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             Ordinary shares of 5p each 
       the financial 
       instrument, type 
       of instrument              ISIN : GB0033600353 
 
       Identification 
       code 
---  -------------------------  ----------------------------- 
 b)   Nature of the              Sale of Ordinary Shares 
       transaction 
---  -------------------------  ----------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                    260p       25,000 
                                   ---------  ---------- 
---  -------------------------  ----------------------------- 
 d)   Aggregated information     N/A (Single transaction) 
 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  ----------------------------- 
 e)   Date of the transaction    20 October 2016 
---  -------------------------  ----------------------------- 
 f)   Place of the transaction   London Stock Exchange (XLON) 
---  -------------------------  -----------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 21, 2016 04:40 ET (08:40 GMT)

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