14th Jun 2018 13:02
redT energy plc
("redT" or the "Company")
Director Dealing
The Company has been notified that on 14 June 2018 Jonathan Marren, Non-Executive Director of the Company, sold and subsequently re-purchased 1,521,907 ordinary shares of €0.01 each in the Company ("Ordinary Shares"). The shares sold were held directly by Jonathan Marren, the re-purchased shares are held through his Self-Invested Personal Pension (SIPP). Following the sale and purchase, Jonathan Marren's interest in Ordinary Shares remains the same at 7,743,815, equating to 1.08% of the Company's issued share capital.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a) | Name | Jonathan Marren
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2. | Reason for the Notification | |||||||||||||
a) | Position/status | Non-Executive Director
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b) | Initial notification/amendment | Initial notification
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||
a) | Name | redT energy plc
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b) | Legal Entity Identifier | 213800N2NKOTYUNRCU14
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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 | Ordinary shares of €0.01 each | ||||||||||||
b) | Identification code of the financial instrument | GB00B11FB960 | ||||||||||||
c) | Nature of the transaction | Sale and purchase of ordinary shares
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d) | Currency
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e) | Price(s) and volume(s) |
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f) | Aggregated information Sale: Aggregated volume Price Total
Purchase: Aggregated volume Price Total
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1,521,907 £0.06198 £94,327.80
1,521,907 £0.06200 £94,358.23
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e) | Date of the transaction | 2018-06-14
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f) | Place of the transaction | London Stock Exchange, AIM (LON:RED)
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Enquiries:
redT energy plc | +44 (0)20 7061 6233 |
Scott McGregor, Chief Executive Officer Fraser Welham, Chief Financial Officer |
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Joe Worthington, Investor & Media Relations |
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Investec Bank plc (Nominated Adviser and Broker) | +44 (0)20 7597 5970 |
Jeremy Ellis / Chris Sim / Alexander Ruffman
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VSA Capital (Joint Broker) Andrew Monk / Andrew Raca | +44 (0)20 3005 5000
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Celicourt Communications (Financial PR) Mark Antelme Jimmy Lea Ollie Mills | +44 (0)20 7520 9266 |
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Notes to Editors
About redT energy
redT energy plc are experts in energy storage, specialising in the design, manufacture, installation and operation of energy storage systems which create revenue alongside reliable, low-cost renewable generation for businesses, industry and electricity distribution networks. Using patented vanadium redox flow technology to store energy in liquid, redT's own energy storage machines can be run continually with no degradation: charging and discharging for over 25 years, matching the lifespan of renewable assets in on-grid, off-grid and weak-grid settings.
redT's energy storage solutions, developed over the past 15 years, address today's changing energy market by providing a flexible platform for time shifting surplus renewable power, securing electricity supplies and earning revenue through grid services. The company has operating machines deployed with customers in the UK, Europe, sub-Saharan Africa, Australia and Asia Pacific. redT energy plc is listed on the London Stock Exchange (AIM:RED) and has offices in the UK, Africa and the USA. For more information, visit www.redTenergy.com
For sales, press or investor enquiries, please contact the redT team on +44 (0)207 061 6233.
Related Shares:
RED.L