4th May 2011 16:05
Press release | 4 May 2011 |
VPhase plc
("VPhase" or the "Company" or the "Group")
Director's Shareholding
VPhase plc, (AIM:VPHA), a leading developer of energy saving products for residential and commercial properties was notified on 4 May 2011 that Duncan Sedgwick who is a director of the Group, has purchased 689,700 ordinary shares in the Company on 4 May 2011 at a price of 1.45p per share.
Following the purchase Duncan Sedgwick now holds 689,700 ordinary shares in the Group representing 0.09% interest in the Group
- Ends -
For further information:
VPhase plc | |
Rick Smith, Chief Executive Officer | +44 (0) 151 348 2100 |
www.vphase.co.uk |
Ambrian Partners Limited | +44 (0) 20 7634 4700 |
Andrew Craig / Ben Wright, NOMAD | www.ambrian.com |
Media enquiries
Abchurch Communications Limited | +44 (0) 20 7398 7710 |
Sarah Hollins / Joanne Shears / Quincy Allan | |
quincy.allan@abchurch-group.com | www.abchurch-group.com |
Notes to Editors:
About VPhase PLC
VPhase plc provides a product that reduces the energy consumption of many domestic electrical appliances.
The VPhase device:
·; attaches to the consumer unit (fuse box) and regulates the voltage to 220 volts;
·; is low cost, with a payback of under 5 years;
·; easy to fit by a qualified electrician;
·; saves money from the moment of installation, with no need for behavioural changes;
·; enables many appliances to work more efficiently; and
·; reduces electricity usage and carbon emissions.
Independently verified tests by VPhase have demonstrated that the product can typically save between 6% and 12% of the electricity across a range of domestic products including fridges, freezers, central heating pumps, televisions and other items, even 'energy-saving' light bulbs. This should equate to savings for the typical homeowner of between £40 and £135 per annum.
In addition, there is evidence that the life of electrical appliances can be extended by the use of this product; light bulbs, in particular, have demonstrated at least two times longer life when on a circuit managed by the voltage optimisation product as compared to those without the product.
www.vphase.co.uk
Related Shares:
365.L