TIDMCNEL

RNS Number : 1757D

China New Energy Ltd

29 January 2018

29 January 2018

China New Energy Limited

("CNE" or "the Company")

Director's dealings

The Board of CNE (AIM:CNEL), the AIM quoted engineering and technology solutions provider to the bioenergy sector, was notified on 26 January 2018 that Mr Xinchun Jiang, a PDMR, acquired 2,450,000 ordinary shares in the Company at an average price of 1.56p. Mr Xinchun Jiang now holds 26,675,000 ordinary shares in the Company with a holding of 5.43% of issued share capital.

The total issued share capital of the Company comprises 491,256,350 ordinary shares of 0.025p each. The Company holds 46,808,809 shares in treasury, accordingly total voting rights are 444,447,541.

The Chairman, Mr Yu, commented "Mr Jiang was recently promoted to CEO of our main operating division ZKTY, and his share purchases demonstrate real confidence and commitment to the future development of the business".

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and the person who arranged for release of this announcement on behalf of the Company was Richard Bennett.

For further information, please visit www.chinanewenergy.co.uk or contact:

 
 China New Energy Limited 
 Nick Brooks                  nick.brooks@hotmail.co.uk 
  Richard Bennett              Tel: +44 7920 060218 
                               rbennett@zkty.com.cn Tel: 
                               +44 7966 388 374 
 Ivy Xu                       xuhj@zkty.com.cn Tel: +86 
                               20 8705 9371 
 Cairn Financial Advisers 
  LLP (Nomad) 
 Jo Turner / Sandy Jamieson   Tel: +44 20 7213 0880 
 Daniel Stewart and Company 
  (Broker) 
 David Lawman                 Tel: +44 20 7776 6550 
 
 
 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                         Jiang Xinchun 
                                    ---------------------------------- 
 2      Reason for 
         notification 
-----  ---------------------------  ---------------------------------- 
 a.     Position/Status              GM of ZKTY 
-----  ---------------------------  ---------------------------------- 
 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             Ordinary shares 
         instrument, 
         type of instrument 
 
         Identification               ISIN: JE00B3RWLF12 
         Code 
-----  ---------------------------  ---------------------------------- 
 b.     Nature of the                Purchase of shares 
         transaction 
-----  ---------------------------  ---------------------------------- 
 
 c.     Price(s) and                        Price(s)     Volume(s) 
         volume(s)                           per share 
-----  ---------------------------         -----------  ---------- 
                                            1.54         150000 
                                             1.529        600000 
                                             1.55         400000 
                                             1.6          500000 
                                             1.54         400000 
                                             1.5796       400000 
                                           -----------  ---------- 
 
 d.     Aggregated                   38162.40 
         information 
                                      2,450,000 
         - Aggregated 
         Volume                       1.5577p 
 
         - Price 
-----  ---------------------------  ---------------------------------- 
 e.     Date of the                  17 Jan 2018-26 Jan 2018 
         transaction 
-----  ---------------------------  ---------------------------------- 
 f.     Place of the                 HK 
         transaction 
-----  ---------------------------  ----------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 29, 2018 04:42 ET (09:42 GMT)

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