23rd Nov 2012 16:43
Energetix Group Plc
("Energetix" or the "Company")
Director Shareholding
The Company has been notified that Adrian Hutchings, Deputy Chairman, today transferred 842,151 ordinary shares of 5p each in the Company into his personal pension fund held with Organon SIPP Services Limited, at a price of 33.25p.
Following the transfer, Mr Hutchings' holding in Energetix remains unchanged at 11,565,465, representing approximately 8.7% of the Company's issued share capital.
For further information:
Energetix Group plc | www.energetixgroup.com |
Peter Richardson, Chief Executive Officer | Tel: +44 (0)151 348 2100 |
Cenkos Securities plc (NOMAD & Broker) | www.cenkos.com |
Stephen Keys / Adrian Hargrave (Corporate Finance / Nomad) Julian Morse (Sales) | Tel: +44 (0)20 7397 8900 |
Walbrook PR Ltd | Tel: +44 (0)20 7933 8780 |
Paul McManus (Media Relations) | |
Paul Cornelius (Investor Relations) |
About Energetix Group plc
Energetix Group plc is a developer of cost-effective products to meet the growing global demand for alternative efficient energy. Currently Energetix has three subsidiary businesses:
Genlec - distributed energy generation for domestic dwellings
Kingston Energy - retail energy provision (electricity & gas)
Pnu Power - compressed air back-up power for the protection of essential systems
In addition, Energetix has a c.27% stake in VPhase plc, an energy efficiency business created by Energetix and subsequently spun out in 2010. VPhase is now a standalone independently funded commercial venture.
With all technology development now completed Energetix is well positioned as it moves to the commercialisation stage of its corporate development.
Genlec & Kingston Energy
Genlec has developed a highly efficient, compact and light weight, wall mounted mCHP (Combined Heat and Power) appliance known as the Kingston Boiler. The Kingston Boiler is specifically designed to generate 1kW of electrical power to meet the UK's Microgeneration Certification Scheme (MCS) to enable UK owners to receive the Government's Feed-In Tariff for approved microCHP devices. The Kingston Boiler therefore has an inherent low total cost of ownership (initial outlay plus maintenance) and has already demonstrated industry leading payback cycles which many analysts believe is the key to unlocking this significant market opportunity.
Kingston Energy is a unique dual fuel energy company, which will provide free Kingston microCHP boilers to its customers in return for a commitment to buy gas and electricity from Kingston Energy, with a guarantee that energy prices will not exceed those of the major energy suppliers.
Pnu Power
Pnu Power focuses on the provision of compressed air back-up power which can ensure an uninterruptible power supply for critical systems, particularly for the telecoms, data centre and power transmission markets. Pnu Power range has been extended to include the DC100 product that can now meet the demand of the rapidly growing Green Data Centre market, providing a low carbon alternative to flywheels. Pnu Power has been successful in achieving repeat trial sales and is now poised to move out of the trial sales phase and into full volume commercial sales.
Energetix Group joined AIM in August 2006. The Group and its subsidiaries and associates are based near Chester, NW England and Ipswich, Suffolk.
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