29th Jan 2018 09:42
29 January 2018
China New Energy Limited
("CNE" or "the Company")
Director's dealings
The Board of CNE (AIM:CNEL), the AIM quoted engineering and technology solutions provider to the bioenergy sector, was notified on 26 January 2018 that Mr Xinchun Jiang, a PDMR, acquired 2,450,000 ordinary shares in the Company at an average price of 1.56p. Mr Xinchun Jiang now holds 26,675,000 ordinary shares in the Company with a holding of 5.43% of issued share capital.
The total issued share capital of the Company comprises 491,256,350 ordinary shares of 0.025p each. The Company holds 46,808,809 shares in treasury, accordingly total voting rights are 444,447,541.
The Chairman, Mr Yu, commented "Mr Jiang was recently promoted to CEO of our main operating division ZKTY, and his share purchases demonstrate real confidence and commitment to the future development of the business".
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and the person who arranged for release of this announcement on behalf of the Company was Richard Bennett.
For further information, please visit www.chinanewenergy.co.uk or contact:
China New Energy Limited | |
Nick Brooks Richard Bennett | [email protected] Tel: +44 7920 060218 [email protected] Tel: +44 7966 388 374 |
Ivy Xu | [email protected] Tel: +86 20 8705 9371
|
Cairn Financial Advisers LLP (Nomad) | |
Jo Turner / Sandy Jamieson | Tel: +44 20 7213 0880
|
Daniel Stewart and Company (Broker) | |
David Lawman | Tel: +44 20 7776 6550 |
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Jiang Xinchun | ||||||
2 | Reason for notification | |||||||
a. | Position/Status | GM of ZKTY | ||||||
b. | Initial notification/ Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | China New Energy Limited | ||||||
b. | LEI | 213800U8Y7E1T1Y2NR27 | ||||||
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 instrumentIdentification Code | Ordinary shares
ISIN: JE00B3RWLF12 | ||||||
b. | Nature of the transaction | Purchase of shares | ||||||
c. | Price(s) and volume(s) | |||||||
Price(s) per share | Volume(s) | |||||||
1.54 1.529 1.55 1.6 1.54 1.5796 | 150000 600000 400000 500000 400000 400000
| |||||||
| ||||||||
d. | Aggregated information
- Aggregated Volume
- Price | ￡38162.40
2,450,000
1.5577p | ||||||
e. | Date of the transaction | 17 Jan 2018-26 Jan 2018 | ||||||
f. | Place of the transaction | HK | ||||||
Related Shares:
CNEL.L