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Pineapple Power Corporation PLC allotted 11,600,000 new ordinary £0.001 shares to director Nicholas Nelson on 21 September 2026. This action resulted from the conversion of £29,000 of his Convertible Loan Notes (CLNs), which were issued at a conversion price of £0.0025 per share. Following this allotment, Mr. Nelson's total shareholding is 11,600,000 shares, and the Company has 94,932,877 ordinary shares in issue.
| Date | 21 Sept 2026 |
| Time | 15:53:48 |
| Category | Director/PDMR dealings |
| ID | 6438V |
21 September 2026
PINEAPPLE POWER CORPORATION PLC
CLN Conversion and Allotment of New Shares
Director Share Holding
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
Contact Nicholas Nelson via Flagstaff
Flagstaff Strategic and Investor Communications
Tim Thompson / Alison Alfrey / Anna Probert Tel:+44 (0) 207 129 1474
Corporate Broker- AlbR Capital
Guy Miller [email protected]
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Nicholas Nelson |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Director |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Pineapple Power Corporation plc |
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b) |
LEI |
213800BTD7JL99MTGQ68 |
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4
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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 |
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a)
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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 |
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b) |
Nature of the transaction |
Conversion of Convertible Loan Notes into 11,600,000 Ordinary Shares
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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
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d) |
Aggregated information - Aggregated volume - Price |
N/A
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e) |
Date of the transaction |
21 September 2026 |
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f) |
Place of the transaction |
Outside a trading venue |