TIDMCNEL

RNS Number : 9928Q

China New Energy Ltd

24 October 2019

24 October 2019

China New Energy Limited

(the "Company" or "CNE")

Director's Dealing

The Board of CNE (AIM: CNEL), the AIM quoted engineering and technology solutions provider to the bioenergy sector, announces that it was notified on 23 October 2019 by Richard Bennett, a director, that on the same day he had acquired 300,000 shares at an average price of 2.72p per share.

Following the acquisition, Mr Bennett now holds 1,137,747 ordinary shares representing approximately 0.26 per cent. of the Company's issued share capital.

The issued share capital of the Company is 444,447,541 ordinary shares of 0.025 pence each.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

 
 China New Energy Limited 
 Ivy Xu                           xuhj@zkty.com.cn Tel: +86 20 8705 
  Richard Bennett                                              9371 
                                 rbennett@zkty.com.cn Tel: +44 7966 
                                                             388374 
 Cairn Financial Advisers LLP                 Tel: +44 20 7213 0880 
  (Nomad & Broker) 
  Jo Turner / Sandy Jamieson 
 
 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
       -------------------------------------------------------------------------------------------- 
 a.     Name                                      Mr Richard Bennett 
       ----------------------------------------  -------------------------------------------------- 
 2      Reason for notification 
       ----------------------------------------  -------------------------------------------------- 
 a.     Position/Status                           Non-executive Director of China New Energy 
                                                   Limited 
       ----------------------------------------  -------------------------------------------------- 
 b.     Initial notification/                     Initial Notification 
         Amendment 
       ----------------------------------------  -------------------------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       -------------------------------------------------------------------------------------------- 
 a.     Name                                      China New Energy Limited 
       ----------------------------------------  -------------------------------------------------- 
 b.     LEI                                       213800U8Y7E1T1Y2NR27 
       ----------------------------------------  -------------------------------------------------- 
 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 
         type of instrument 
 
         Identification 
         Code                                      ISIN: JE00B3RWLF12 
       ----------------------------------------  -------------------------------------------------- 
 b.     Nature of the transaction                 Acquisition of shares 
       ----------------------------------------  -------------------------------------------------- 
 
 c.     Price(s) and volume(s)                     Price(s) per                  Volume(s) 
                                                    share 
       ----------------------------------------   ---------------------------- 
    Average 2.72p                                                                300,000 
   ---------------------------------------------------------------------------  ---------------- 
 
 d.     Aggregated information 
 
         - Aggregated Volume                        n/a 
 
         - Price 
       ----------------------------------------  -------------------------------------------------- 
 e.     Date of the transaction                   23 October 2019 
       ----------------------------------------  -------------------------------------------------- 
 f.     Place of the transaction                  London Stock Exchange 
       ----------------------------------------  --------------------------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 24, 2019 03:36 ET (07:36 GMT)

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