Eneraqua Technologies plc
("Eneraqua", the "Company" or the "Group")
Director/PDMR Shareholding
Eneraqua Technologies plc, a specialist provider of energy and water efficiency solutions, announces that on 13 December 2022 the Company was notified that certain Directors of the Company sold, in response to institutional demand, 1,004,009 ordinary shares in the Company of 1 pence each ("Ordinary Shares") at a price of 290 pence per Ordinary Share. Details of holdings pre and post-sale are listed below.
| Director | Previous shareholding | Number of shares sold | Resultant shareholding | Resultant % of issued share capital |
| Mitesh Dhanak | 6,382,6211 | 610,194 | 5,772,4272 | 17.4% |
| David Routledge | 4,119,300 | 393,815 | 3,725,485 | 11.2% |
1 Includes 4,757,521 ordinary shares held by Anila Dhanak
2 Includes 4,147,327 ordinary shares held by Anila Dhanak
For more information, please contact:
| Eneraqua Technologies plc | Via Alma PR |
| Mitesh Dhanak, CEO | |
| Iain Richardson, CFO | |
| | |
| finnCap Limited - Nominated Adviser and Joint Broker | +44(0)20 7220 0500 |
| Ed Frisby / Charlie Beeson - Corporate Finance | |
| Andrew Burdis / Sunila de Silva - ECM | |
| | |
| Singer Capital Markets - Joint Broker | +44(0)20 7496 3000 |
| Sandy Fraser / Justin McKeegan / Rachel Hayes | |
|
| |
| Alma PR - Financial PR and IR | +44(0)20 3405 0205 |
| Justine James / Sam Modlin / Will Ellis Hancock | |
| | |
Notes to editors
Eneraqua Technologies (AIM:ETP) is a specialist in energy and water efficiency. The Group designs and delivers improved energy and water systems which utilise its wholly owned intellectual property, Control Flow HL2024. Energy was the first market the Company entered and this is the larger sector, with the Company focused on clients with end of life gas, oil or electric heating and hot water systems. The Group provides turnkey retrofit district or communal heating systems based either on high-efficiency gas or ground/air source heat pump solutions that support Net Zero and decarbonisation goals.
Water is a growing service offering focused on water efficiency upgrades for utilities and commercial clients including hotels and care homes. It has also expanded into agritech systems.
The activities in both areas are underpinned by the Company's wholly-owned intellectual property, the Control Flow HL2024 family of products which reduce water wastage and improve the performance of heating and hot water systems.
The Company's main country of operation is the United Kingdom. The Company's head office is in London with additional offices in Leeds, Washington (Sunderland), India, Spain and the Netherlands. The Company has 144 employees, with the majority employed within the UK. Eneraqua Technologies has received the London Stock Exchange's Green Economy Mark.
To find out more, please visit: www.eneraquatechnologies.com
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Anila Dhanak | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Person closely associated with Mitesh Dhanak, Chief Executive Officer of the Company | ||||
| b) | Initial notification/Amendment | Initial Notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Eneraqua Technologies plc | ||||
| b) | LEI | 21380045T7LPP2T83245 | ||||
| 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 instrument | Ordinary shares of 1 pence each ("Ordinary Shares") | ||||
| Identification code | GB00BNYDGM91 | |||||
| b) | Nature of the transaction | Sale of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price |
As disclosed in 4.c) above | ||||
| e) | Date of the transaction | 13 December 2022 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Dave Routledge | ||||
| 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 | Eneraqua Technologies plc | ||||
| b) | LEI | 21380045T7LPP2T83245 | ||||
| 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 instrument | Ordinary shares of 1 pence each ("Ordinary Shares") | ||||
| Identification code | GB00BNYDGM91 | |||||
| b) | Nature of the transaction | Sale of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price | As disclosed in 4.c) above | ||||
| e) | Date of the transaction | 13 December 2022 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
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