22 September 2020
Advance Energy plc
("Advance Energy" or the "Company")
Director/PDMR Shareholdings
Advance Energy plc (AIM:ADV), the energy company seeking growth through acquisition or farm-in to non-operated interests in discovered upstream projects, advises that Mark Rollins, Non-Executive Chairman, and Stephen West, Chief Financial Officer, have purchased ordinary shares in the Company, as detailed below:
|
Name |
Number of Ordinary Shares |
Average Price Paid Per Share |
Total Consideration Paid |
| Mark Rollins |
6,500,000 |
0.19625 pence |
£12,756.25 |
| Stephen West |
5,000,000 |
0.20 pence |
£10,035.61 |
Following the above purchase of shares, Mr Rollins and Mr West hold interests in the following Company securities:
|
Name |
Number of Ordinary Shares Held |
% of Issued Share Capital |
Number of Share Options Held |
| Mark Rollins |
139,833,333 |
8.96% |
50,000,000 |
| Stephen West |
8,799,201 |
0.56% |
25,000,000 |
Mr Rollins' shares are held in the name of Noiva International SA.
Enquiries:
Buchanan (Public Relations)
Ben Romney / Kelsey Traynor +44 (0)20 7466 5000
Beaumont Cornish Limited (Nominated Adviser)
Roland Cornish / James Biddle +44 (0) 20 7628 3396
Novum Securities Limited (Joint Broker)
Colin Rowbury +44 (0)20 7399 9427
Optiva Securities Limited (Joint Broker)
Christian Dennis +44 (0)20 3411 1881
For further information, please visit www.advanceplc.com and @advanceplc on Twitter
To register for Advance's email alerts, please complete the following form: https://www.advanceplc.com/media-centre/news/#alerts
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR").
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
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 |
Mark Rollins |
|
| 2 |
Reason for the notification |
||
| a) |
Position/status |
Non-Executive Chairman |
|
| b) |
Initial notification /Amendment |
Initial |
|
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
| a) |
Name |
Advance Energy plc |
|
| b) |
LEI |
213800TZWOYU7UFZ5V63 |
|
| 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 of nil par value
ISIN: IM00BZ7PNY71 |
|
| b) |
Nature of the transaction |
Purchase of 6,500,000 ordinary shares |
|
| c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
0.1850 pence per share 0.2075 pence per share |
3,250,000 3,250,000 |
|
| d |
Aggregated information - Aggregated volume - Price |
- 6,500,000 - 0.19625p |
|
| e) |
Date of the transactions |
21 September 2020 |
|
| f) |
Place of the transactions |
Outside a trading venue |
|
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
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 |
Stephen West |
|
| 2 |
Reason for the notification |
||
| a) |
Position/status |
CFO & Executive Director |
|
| b) |
Initial notification /Amendment |
Initial |
|
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
| a) |
Name |
Advance Energy plc |
|
| b) |
LEI |
213800TZWOYU7UFZ5V63 |
|
| 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 of nil par value
ISIN: IM00BZ7PNY71 |
|
| b) |
Nature of the transaction |
Purchase of 5,000,000 ordinary shares |
|
| c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
0.200 pence 0.198 pence |
4,988,050 11,950 |
|
| d |
Aggregated information - Aggregated volume - Price |
- 5,000,000 - 0.20 pence |
|
| e) |
Date of the transactions |
21 September 2020 |
|
| f) |
Place of the transactions |
Outside a trading venue |
|
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