Fri, 3rd Jan 2014 09:23

LONDON (Alliance News) – APR Energy PLC said Friday that a company connected to Chief Executive Officer John Campion sold 29,561 shares at an average gross price of GBP9.50 per share on Thursday.

The sale by JCLA Cayman Limited, a company majority owned by Campion and APR Chief Operating Officer Laurence Anderson, was part of a share trading plan announced by APR in November, whereby Campion will sell a maximum of 355,000 APR shares over 12 months.

With Thursday’s sale, 59,122 shares have been sold under the plan. Following completion of the plan, JCLA Cayman will continue to hold in excess of 7% of APR shares, the company said.

The share disposals by Campion are “in connection with a matrimonial matter”, APR said.

APR also announced Friday that it has extended its existing 70 megawatt diesel power module contract in Botswana for another 12 months.

APR shares were quoted at 970.00 pence Friday morning, up 20.00p or 2.1%.

By Tom Waite; [email protected]; @thomaslwaite

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