3 July 2024
i(x) Net Zero PLC
("i(x) Net Zero" or the "Company")
Director/PDMR Shareholding
i(x) Net Zero PLC (AIM: IX.), the investing company which focuses on Energy Transition and Sustainability in the Built Environment, has been informed that on 2 July 2024 Par Lindstrom, CEO, and Jonathan Stearns, CFO, each purchased 250,000 ordinary shares of no par value in the Company ("Ordinary Shares"), at a price of 9.5 pence per Ordinary Share.
Following these purchases, Par Lindstrom has a total beneficial interest in 11,403,223 Ordinary Shares, representing 13.04% of the Company's shares in issue, and Jonathan Stearns has a total beneficial interest in 1,100,000 Ordinary Shares, representing 1.26% of the Company's shares in issue.
The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail.
| 1 | Details of the person discharging managerial responsibilities | |||||
| a) | Name | Par Lindstrom | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | CEO | ||||
| b) | Initial notification/ Amendment | Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | i(x) Net Zero PLC | ||||
| b) | LEI | 213800YUAD1FCXH29638 | ||||
| 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 no par value | ||||
| b) | Identification code of the Financial Instrument | JE00BP4DVJ57 | ||||
| c) | Nature of the transaction | Purchase of Ordinary Shares | ||||
| d) | Price(s) and volume(s) |
| ||||
| e) | Aggregated information: volume, Price | N/a
| ||||
| f) | Date of the transaction | 2 July 2024 | ||||
| g) | Place of the transaction | London Stock Exchange | ||||
| 1 | Details of the person discharging managerial responsibilities | |||||
| a) | Name | Jonathan Stearns | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | CFO | ||||
| b) | Initial notification/ Amendment | Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | i(x) Net Zero PLC | ||||
| b) | LEI | 213800YUAD1FCXH29638 | ||||
| 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 no par value | ||||
| b) | Identification code of the Financial Instrument | JE00BP4DVJ57 | ||||
| c) | Nature of the transaction | Purchase of Ordinary Shares | ||||
| d) | Price(s) and volume(s) |
| ||||
| e) | Aggregated information: volume, Price | N/a
| ||||
| f) | Date of the transaction | 2 July 2024 | ||||
| g) | Place of the transaction | London Stock Exchange | ||||
- Ends -
For further information visit https://ixnetzero.com/ or contact:
| i(x) Net Zero | Via Buchanan below |
| Pär Lindström - Chief Executive Officer |
|
| Jonathan Stearns - Chief Financial Officer |
|
| | |
| Canaccord Genuity Limited Nominated Adviser & Broker | +44 20 7523 8000 |
| Max Hartley | |
| Harry Pardoe | |
| | |
| Buchanan | |
| Helen Tarbet | +44 7872 604 453 |
| Simon Compton | +44 7979 497 324 |
| Abby Gilchrist | +44 7557 952 223 |
Notes to Editors
About i(x) Net Zero PLC
i(x) Net Zero PLC is an AIM quoted investing company that provides its shareholders the opportunity to create long-term capital growth with positive, scalable, measurable and sustainable impact on the environment and on the communities it serves.
In accordance with its belief that the world's biggest problems are also the biggest market opportunities, i(x) Net Zero focuses on two critical areas in which it aims to make a positive impact: (i) Energy Transition and (ii) Sustainability in the Built Environment. The Company uses a multi-strategy investment approach, providing the companies in which it invests with the expertise and catalytic capital to help them grow. To date, i(x) Net Zero has invested in biofuels, direct air capture (carbon removal), renewable energy, sustainable workforce housing and net zero construction technology.
i(x) Net Zero is a signatory to the UN Principles for Responsible Investing. The Company has received the London Stock Exchange's Green Economy Mark.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.