25th Mar 2015 15:09
For immediate release 25 March 2015
Energy Assets Group plc
("the Company")
Issue of shares and total voting rights, Director/PDMR Shareholding
The Company has issued 230,991 ordinary shares of £0.01 each in the Company ("the New Shares") in order to satisfy the exercise of Company share options under an employee share plan. The New Shares will rank pari passu with the existing Ordinary Shares of the Company. Application has been made to the UK Listing Authority and the London Stock Exchange for these shares to be admitted to the Official List (premium listing segment) and to trading on the London Stock Exchange. Admission is expected to occur around 26 March 2015.
Following the issue of the New Shares, the issued ordinary share capital of the Company now consists of 27,777,610 ordinary shares of £0.01 each. The Company holds no ordinary shares in Treasury.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Energy Assets Group plc under the FCA's Disclosure and Transparency Rules.
The Company has also been notified that the following Directors have today sold ordinary shares of £0.01 each in the Company, following the exercise of vested options under an employee share plan, awarded to the Directors in March 2012 following successful completion of the IPO, as detailed below:
Name | Position | Transaction | Price of transaction |
Phil Bellamy-Lee | Chief Executive Officer | Sale of 110,815 ordinary shares | £4.40 |
Russell Gibson | Chief Operating Officer | Sale of 79,696 ordinary shares | £4.40 |
John McMorrow | Chief Financial Officer | Sale of 40,480 ordinary shares | £4.40 |
The Company was notified of this transaction in accordance with FCA Disclosure and Transparency Rule 3.1.2 R.
Following the transaction listed above, the Directors hold the following share interests as at 25 March 2015:
Director | Number of beneficially owned shares | Number of free shares held in Trust | Number of shares over which nil-cost options are held and subject to performance conditions | Share options vested but not exercised | Total interests held at 25 March 2015 |
Phil Bellamy-Lee | 10,125 | 1,564 | 202,829 | 111,321 | 325,839 |
Russell Gibson | 10,108 | 1,564 | 158,945 | 93,611 | 264,228 |
John McMorrow | 3,000 | 1,564 | 115,587 | 65,781 | 185,932 |
Enquiries
For further information visit www.energyassets.co.uk or contact:
Energy Assets Group plc |
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Phil Bellamy-Lee / John McMorrow | Tel: +44 (0)1506 405 405 |
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|
Buchanan |
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Richard Darby / Robbie Ceiriog-Hughes | Tel: +44 (0)20 7466 5000 |
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Numis Securities Limited |
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Charlie Farquhar / Stuart Skinner | Tel: +44 (0)20 7260 1000 |
Notes to Editors:
Energy Assets provides metering and related services in the I&C segment of the UK utility market and is the largest independent provider of I&C gas metering services in the UK, by number of assets owned and managed. The Group offers utility suppliers and end-user consumers of energy a broad spectrum of metering services from the provision and management of new and replacement meters through its Meter Asset Management (MAM)/Meter Operator (MOP) divisions to the procurement and project management of related utility infrastructure works and the collection and provision of energy consumption data through the Group's Siteworks and Automated Meter Reading (AMR) divisions.
Energy Assets (EAS) is listed on the Main Market of the London Stock Exchange.
Related Shares:
EAS.L