4th May 2011 10:50
Press release | 4 May 2011 |
VPhase plc
("VPhase" or the "Company" or the "Group")
Directors' Shareholdings
VPhase plc, (AIM:VPHA), a leading developer of energy saving products for residential and commercial properties was notified on 4 May 2011 that Vanda Murray OBE, Nicholas Moss, and Rick Smith each of whom are directors of the Group, each purchased ordinary shares in the Company on 3 and 4 May 2011 at a price of 1.45p per share.
The following table shows the number of shares which each of the directors has purchased and their resultant interest in the Company.
Number of shares purchased | Total number of shares held in the Group | % Interest in the Group | |
Vanda Murray | 690,000 | 1,950,504 | 0.24% |
Nicholas Moss | 689,655 | 5,377,905 | 0.67% |
Rick Smith | 1,034,483 | 13,944,149 | 1.74% |
- 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 | |
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