For immediate release
8 April 2024
EARNZ plc
("EARNZ" or the "Company")
Director / PDMR Shareholdings
EARNZ (AIM: EARN), an AIM Rule 15 cash shell which is seeking acquisitions in the energy services sector, announces that following Admission, the Directors' and their respective PCA's shareholdings as appropriate are as follows:
| Director | No. of shares held pre-Admission | % of shares held pre-Admission | No. of shares subscribed / converted | Total resultant shareholding post-Admission | % of enlarged share capital held post-Admission |
| Bob Holt (Chairman) | - | - | 4,666,666 | 4,666,666 | 7.42% |
| Angela Burnett (wife of Bob Holt) | - | - | 133,333 | 133,333 | 0.21% |
| John Charlton (Executive Director) | 333,333 | 3.49% | - | 333,333 | 0.53% |
| Catherine Charlton (wife of John Charlton) | - | - | 133,333 | 133,333 | 0.21% |
| Elizabeth Lake (Non-Executive Director) | 1,333,333 | 13.97% | - | 1,333,333 | 2.12% |
Capitalised terms used in this announcement, unless otherwise defined, shall have the meanings given to them in the Company's announcement dated 18 March 2024.
Enquiries:
| EARNZ plc | +44 (0) 7778 798 816 |
| Bob Holt | |
| Shore Capital - Nominated Adviser and Joint Broker | +44 (0) 20 7408 4090 |
| Tom Griffiths / Lucy Bowden | |
| WH Ireland Limited - Joint Broker | +44 (0) 20 7220 1666 |
| Hugh Morgan / Antonio Bossi / Andrew de Andrade | |
The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.
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
| Mr Bob Holt | |||||||||
| 2
| Reason for the notification
| ||||||||||
| a)
| Position/status
| Chairman | |||||||||
| b)
| Initial notification /Amendment
| Initial notification | |||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||
| a)
| Name
| EARNZ plc | |||||||||
| b)
| LEI
| 213800YWMHGTNXCWZC33 | |||||||||
| 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
Identification code
| 1. Issue of Subscription Shares pursuant to the Fundraise at an Issue Price of 7.5 pence per share 2. Issue of Loan Shares at 7.5 pence per share ISIN: GB00BRC2TB67 | |||||||||
| b)
| Nature of the transaction
| 1. Issue of Subscription Shares pursuant to the Fundraise at an Issue Price of 7.5 pence per share 2. Issue of Loan Shares at 7.5 pence per share
| |||||||||
| c)
| Price(s) and volume(s) |
| |||||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Aggregated volume: 4,666,666 Aggregated price: 7.5p | |||||||||
| e)
| Date of the transaction
| 8 April 2024 | |||||||||
| f)
| Place of the transaction
| AIMX | |||||||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Angela Burnett | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| PCA of Chairman (Bob Holt) | ||||
| b)
| Initial notification /Amendment
| Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
| a)
| Name
| EARNZ plc | ||||
| b)
| LEI
| 213800YWMHGTNXCWZC33 | ||||
| 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
Identification code
| 1. Issue of Subscription Shares pursuant to the Fundraise at an Issue Price of 7.5 pence per share
ISIN: GB00BRC2TB67 | ||||
| b)
| Nature of the transaction
| Issue of Subscription Shares pursuant to the Fundraise at an Issue Price of 7.5 pence per share
| ||||
| c)
| Price(s) and volume(s) |
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Aggregated volume: N/A Aggregated price: N/A | ||||
| e)
| Date of the transaction
| 8 April 2024 | ||||
| f)
| Place of the transaction
| AIMX | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Mrs Catherine Charlton | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| PCA of Executive Director (John Charlton) | ||||
| b)
| Initial notification /Amendment
| Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
| a)
| Name
| EARNZ plc | ||||
| b)
| LEI
| 213800YWMHGTNXCWZC33 | ||||
| 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
Identification code
| 1. Issue of Subscription Shares pursuant to the Fundraise at an Issue Price of 7.5 pence per share
ISIN: GB00BRC2TB67 | ||||
| b)
| Nature of the transaction
| Issue of Subscription Shares pursuant to the Fundraise at an Issue Price of 7.5 pence per share
| ||||
| c)
| Price(s) and volume(s) |
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
Aggregated volume: N/A Aggregated price: N/A | ||||
| e)
| Date of the transaction
| 8 April 2024 | ||||
| f)
| Place of the transaction
| AIMX | ||||
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