Director/PDMR Shareholding
Pineapple Power Corporation PLC has announced the allotment of 11,600,000 new ordinary shares to director Nicholas Nelson, bringing his total shareholding to this amount. This allotment resulted from the conversion of £29,000 of Convertible Loan Notes (CLNs) at a conversion price of £0.0025 per share, which were issued as part of a £300,000 fundraising announced on June 29, 2026, and also included a £9,000 bridging loan from Mr. Nelson. Following this, the company has 94,932,877 ordinary shares in issue and £289,000 in CLNs remaining, convertible into 115,600,000 shares.
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Pineapple Power Corporation PLC (the "Company") announces the allotment of 11,600,000 new ordinary £0.001 shares to Nicholas Nelson, a director of the Company.
On 29th June 2026, the Company announced that it had raised £300,000 through the issue of Convertible Loan Notes ("CLNs") with a conversion price of £0.0025.
Mr Nelson participated in the CLNs in the amount of £20,000. He was also issued Convertible Loan Notes on the same terms against a £9,000 bridging loan he had provided to the Company at an earlier date.
Mr Nelson's total shareholding in the Company is now 11,600,000 shares.
Following this allotment the Company has 94,932,877 ordinary £0.001 shares in issue and £289,000 in CLNs, convertible into 115,600,000 Convertible Loan Notes
Pineapple Power Corporation PLC
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Nicholas Nelson |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Pineapple Power Corporation plc |
| b) | LEI | 213800BTD7JL99MTGQ68 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.1 pence in Pineapple Power Corporation plc Identification code (ISIN) for Pineapple Power Corporation plc Ordinary Shares: GB00BD0SN947 |
| b) | Nature of the transaction | Conversion of Convertible Loan Notes into 11,600,000 Ordinary Shares |
| c) | Price(s) and volume(s) | Convertible Loan Notes: ● Price: Conversion price at 0.25 pence per Ordinary Share ● Volume (principal value of Convertible Loan Notes): £29,000 of Convertible Loan Notes |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 21 September 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.