Source - RNS
RNS Number : 4360R
RedT Energy PLC
14 June 2018
 

redT energy plc

 

("redT" or the "Company")

 

Director Dealing

 

The Company has been notified that on 14 June 2018 Jonathan Marren, Non-Executive Director of the Company, sold and subsequently re-purchased 1,521,907 ordinary shares of €0.01 each in the Company ("Ordinary Shares"). The shares sold were held directly by Jonathan Marren, the re-purchased shares are held through his Self-Invested Personal Pension (SIPP).  Following the sale and purchase, Jonathan Marren's interest in Ordinary Shares remains the same at 7,743,815, equating to 1.08% of the Company's issued share capital.

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jonathan Marren

 

2.

Reason for the Notification

a)

Position/status

Non-Executive Director

 

b)

Initial notification/amendment

Initial notification

 

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

redT energy plc

 

b)

Legal Entity Identifier

213800N2NKOTYUNRCU14

 

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

Ordinary shares of €0.01 each

b)

Identification code of the financial instrument

GB00B11FB960

c)

Nature of the transaction

Sale and purchase of ordinary shares

 

d)

Currency

 

GBP

e)

Price(s) and volume(s)

Sale:

Price(s)

Volume(s)

£0.06198

1,521,907

 

Purchase:

Price(s)

Volume(s)

£0.06200

1,521,907

 

f)

Aggregated information

Sale:

Aggregated volume

Price

Total

 

Purchase:

Aggregated volume

Price

Total

 

 

 

 

1,521,907

£0.06198

£94,327.80

 

 

1,521,907

£0.06200

£94,358.23

 

e)

Date of the transaction

2018-06-14

 

f)

Place of the transaction

London Stock Exchange, AIM (LON:RED)

 

 

 

 

Enquiries:

redT energy plc

+44 (0)20 7061 6233

Scott McGregor, Chief Executive Officer

Fraser Welham, Chief Financial Officer

 

Joe Worthington, Investor & Media Relations

 

 

 

Investec Bank plc (Nominated Adviser and Broker)

+44 (0)20 7597 5970

Jeremy Ellis / Chris Sim / Alexander Ruffman

 

 

VSA Capital (Joint Broker)

Andrew Monk / Andrew Raca

+44 (0)20 3005 5000

 

 

 

Celicourt Communications (Financial PR)

Mark Antelme

Jimmy Lea

Ollie Mills

+44 (0)20 7520 9266

 

 

 

Notes to Editors

About redT energy

 

redT energy plc are experts in energy storage, specialising in the design, manufacture, installation and operation of energy storage systems which create revenue alongside reliable, low-cost renewable generation for businesses, industry and electricity distribution networks. Using patented vanadium redox flow technology to store energy in liquid, redT's own energy storage machines can be run continually with no degradation: charging and discharging for over 25 years, matching the lifespan of renewable assets in on-grid, off-grid and weak-grid settings.

 redT's energy storage solutions, developed over the past 15 years, address today's changing energy market by providing a flexible platform for time shifting surplus renewable power, securing electricity supplies and earning revenue through grid services. The company has operating machines deployed with customers in the UK, Europe, sub-Saharan Africa, Australia and Asia Pacific. redT energy plc is listed on the London Stock Exchange (AIM:RED) and has offices in the UK, Africa and the USA. For more information, visit www.redTenergy.com

 For sales, press or investor enquiries, please contact the redT team on +44 (0)207 061 6233.

 


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