Regulatory Story
Go to market news section View chart   Print
VPhase PLC  -  IAF   

Director/PDMR Shareholding

Released 07:00 17-Jan-2013

RNS Number : 7352V
VPhase PLC
17 January 2013



Press Release

17 January 2013


VPhase plc 

("VPhase" or the "Company")


Director Dealing

The Company can confirm that on 15 January 2013, the Company's CEO, Rick Smith completed his subscription for 12.8 million shares at the Placing Price, following the successful Admission of the Placing Shares, which was previously disclosed in the announcement dated 21 December 2012. His resultant holding in the Company's shares will total 26,744,149, representing 1.9 per cent. of the enlarged share capital.



- Ends -


For further information:

VPhase plc

+44 (0) 151 348 6195

Rick Smith, Chief Executive Officer


Panmure Gordon

+44 (0) 20 7886 2500

Hugh Morgan / Callum Stewart,  Corporate Finance

Adam Pollock, Corporate Broking


Media enquiries:

Abchurch Communications Limited

Tel: +44 (0) 20 7398 7710

Sarah Hollins / Joanne Shears / Ashleigh Lezard


Notes to Editors:


VPhase plc is an energy efficiency technology company that launched the first domestic voltage optimisation device in the UK. The VPhase VX1 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 VX1 has 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 potentially saving up to £135 per annum, 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.








This information is provided by RNS
The company news service from the London Stock Exchange

London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


Director/PDMR Shareholding - RNS