Plutus PowerGen PLC Director Dealing (8357Z)
September 22 2015 - 7:04AM
UK Regulatory
TIDMPPG
RNS Number : 8357Z
Plutus PowerGen PLC
22 September 2015
22 September 2015
Plutus PowerGen Plc / Ticker: PPG / Index: AIM
Plutus PowerGen plc ('PPG' or 'the Company')
Director Dealing
Plutus PowerGen plc, the AIM listed power company focused on the
development, construction and operation of flexible stand-by
electricity generation in the UK, announces that it was notified on
21 September 2015 that Mr. Philip Stephens, Chief Executive Officer
of the Company, transferred 8,012,823 ordinary shares of 0.1 pence
each ("Ordinary Shares") held in his self-invested personal pension
with Cornhill Capital Limited to an account in his self-invested
personal pension held with Hurley Partners Limited, at a price of
1.02 pence per Ordinary Share.
Following the transfers detailed above, Mr Stephens's beneficial
holding of 38,012,823 Ordinary Shares will remain unchanged and he
will retain his ultimate beneficial interest in a total of
38,012,823 Ordinary Shares which represents approximately 6.65 per
cent. of the Company's issued share capital.
**ENDS**
For further information, please visit www.plutuspowergen.com, or
contact:
Charles Tatnall Plutus PowerGen Plc Tel: +44 (0)
20 8720 6562
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Phil Stephens Plutus PowerGen Plc Tel: +44 (0)
20 8720 6562
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Ewan Leggat SP Angel Corporate Tel: +44 (0)
Finance LLP 20 3470 0470
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Felicity St Brides Partners Tel: +44 (0)
Winkles 20 7236 1177
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Elisabeth St Brides Partners Tel: +44 (0)
Cowell 20 7236 1177
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Notes to Editors
Plutus PowerGen plc is an AIM listed company focused on the
development, construction and operation of flexible stand-by power
generation sites in the UK. At present, the market dynamics for
flexible power generation are positive as a result of the continued
downward pressure on capacity available to National Grid to balance
supply and demand, leading to their announcements about possible
power shortages over the next few years.
Flexible Power generators such as PPG offer a viable and timely
solution to the power capacity shortfall in the UK. To this end,
PPG is initially focusing on delivering 200MW of capacity over the
next three years and currently has a project pipeline of potential
development sites with 500MW of power generation capacity.
PPG has a straightforward multi-revenue stream model with large
and stable counter-parties and is using project/EIS funding through
SPVs to finance construction of the generation assets. This
structure has the benefit of limiting dilution to plc shareholders
as the assets are financed and built.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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