1 May 2013 08:00
Press release | 1 May 2013 |
VPhase plc
("VPhase" or the "Company")
Share based payments and Total Voting Rights
VPhase plc, (AIM:VPHA), a leading developer of energy saving products for residential and commercial properties, today announces that in accordance with the agreement entered into with the Non-executive directors of the Company, each non-executive director has received the following ordinary shares of 0.25 pence each in lieu of their directors' fees.
Director | Shares issued in lieu of directors' fees | Total shares held post share issue | Percentage of total shares in issue |
Vanda Murray OBE | 666,667 | 8,096,900 | 0.58% |
Duncan Sedgwick | 231,482 | 2,901,548 | 0.21% |
Colin Black | 389,407 | 2,775,534 | 0.19% |
The shares have been issued at the closing mid-point on Thursday the 25 April 2013 of 0.45 pence per share.
Application will be made for admission of 1,287,556 Shares to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 7 May 2013.
Following the issue the Company will have a total of 1,388,529,156 Ordinary Shares in issue.
Ends -
For further information:
VPhase plc | |
Rick Smith, Chief Executive Officer | +44 (0) 151 348 2100 |
www.vphase.co.uk |
Panmure Gordon | +44 (0) 20 7459 3600 |
Hugh Morgan / Callum Stewart Corporate Finance | www.panmure.com |
Adam Pollock Corporate Broking |
Media enquiries
Abchurch Communications Limited | +44 (0) 20 7398 7710 |
Joanne Shears / Quincy Allan | |
quincy.allan@abchurch-group.com | www.abchurch-group.com |
Notes to Editors:
About VPhase
VPhase plc is an energy efficiency technology company that launched the first range of domestic voltage optimisation devices in the UK. The VPhase range of products lowers the voltage in the home, reducing the energy consumption of many electrical appliances, saving money and reducing carbon emissions.
The VPhase device:
- has been proven to save up to 12% off home electricity bills;
- is easily installed by a qualified electrician;
- does not require a change in lifestyle or electricity supplier;
- is low cost, with a typical payback of under 5 years;
- has a 5 year manufacturer's warranty and an expected lifespan in excess of 25 years;
- can save up to 4.5 tonnes of CO2 over its 25+ year life;
- attaches to the consumer unit (fuse box) and regulates the voltage to 220 volts;
- is the next most affordable and effective green option for the home, after insulation.
The VPhase range of products have been extensively tested with independent verification supporting the saving claims, including an Ofgem approved CERT demonstration action, social housing trials and a range of independent consumer trials. Many electrical appliances in the home will benefit from having their voltage optimised and reduced, including fridges, freezers, central heating pumps, televisions, washing machines, vacuum cleaners, etc. - and even 'energy-saving' light bulbs. As well as reducing the homes electricity bill, there is evidence that the life of electrical appliances can be extended by the use of this product; light bulbs in particular, have demonstrated at least a doubling of operating life when on a voltage optimised circuit.
Web: www.vphase.co.uk
Facebook: http://on.fb.me/cUBnek
Twitter: www.twitter.com/vphase
LinkedIn: http://linkd.in/qqbyYS
YouTube: www.youtube.com/vphase