22nd Jan 2010 07:00
SeaEnergy PLC
("SeaEnergy" or the "Company")
Acquisition of shares in the Company by Director
22 January 2010
SeaEnergy announces that it has issued 149,000 new ordinary shares at a price of 60p per share, in satisfaction of deferred pension contributions for 2008 and 2009, due to Executive Chairman Steve Remp.
During 2008 and 2009 Steve Remp voluntarily deferred pension entitlements totalling £89,400.
No security was given by the Company for, and no interest was charged on, the deferred amounts.
Mr Remp's pension fund has agreed that the contributions of £89,400 which had been deferred can be satisfied by the issue of new shares. Accordingly the pension contribution has been satisfied by the issue of 149,000 new shares, which were issued at a price of 60p, a premium of 0.5 pence to the closing mid-market price of 59.5p for a SeaEnergy share on 21 January 2010.
Following the issue of the above shares and reflecting the gifted shares, the beneficial interests of Steve Remp will be as follows:
|
|
Number of shares
|
%
|
Options
|
|
|
|
|
|
|
Steve Remp
|
5,585,668
|
8.2
|
761,250
|
An application will be made to London Stock Exchange for the shares to be admitted to trading on the AIM market and it is expected that trading will commence on 28 January 2010. Following the above share issue, there will be 68,238,279 ordinary shares of 10p each in SeaEnergy in issue.
For further information contact:
|
SeaEnergy PLC
|
+44 1224 748480
|
|
Chris Moar - Finance Director
|
|
|
|
|
|
Ambrian Partners Limited-NOMAD
|
+44 207 634 4700
|
|
Andrew Craig, Richard Swindells
|
|
|
|
|
|
Kreab Gavin Anderson
|
+44 20 7074 1800
|
|
Ken Cronin, Kate Hill, Charlotte Reeve
|
|
www.seaenergy-plc.com
NOTES TO EDITORS
SeaEnergy PLC is the only listed pure play offshore wind energy company in the UK. SeaEnergy Renewables Limited is a subsidiary of the Company and is made up of the team which conceived, developed and delivered the world's first deep water wind farm development - the Beatrice offshore wind farm (10MW) (the "Beatrice Project") which is owned and operated by Talisman Energy. The Beatrice Project involved the installation of the two largest wind turbines (5MW each) ever deployed offshore, at water depths of 45 metres. This, combined with the SeaEnergy Renewable team's expertise in delivering deep water offshore developments in the oil and gas industry, puts SeaEnergy in an unrivalled position at the vanguard of the emerging offshore renewables industry.
Prior to the UK Round 3 award SeaEnergy had secured a 25% interest in two unrelated joint ventures to develop offshore wind farms in the UK with a total capacity of over 1800MW with partners Scottish & Southern Energy (Airtricity) and RWE AG (npower). The recent award of UK Round 3 of Zone 1 with partners EDPR takes SeaEnergy's net capacity in the UK to over 780MW, SeaEnergy has also signed a Heads of Terms Agreement to develop offshore wind farms in Taiwan with Taiwan Generations Corporation, the first project of which provides a minimum capacity net to SeaEnergy of 150MW giving a total worldwide capacity net to SeaEnergy of over 930 MW.
Related Shares:
Seascape Energy