Business
Director/PDMR Shareholding & Concert Party Update
Power Probe PLC announced that its Chief Executive Officer, Chema Garcia, purchased 52,000 ordinary shares for 71.0 pence each, increasing his holding to 3,279,749 shares representing 4.45%. Other directors, including Michael Sherwin, Fabio Medina, Cynthia Alers, and Colin Fielding, also acquired shares, with prices ranging from 70.0 to 71.0 pence. These transactions occur as the company confirms a concert party, including CHR International Projects Limited, collectively holds 53.45% of the issued share capital, with potential future increases to 53.8% under certain conditions. Disclaimer*
About this update from Power Probe Plc
[{"type":"text","content":"\n\n27 March 2026\nPower Probe PLC\nDirector/PDMR Shareholding\nand\nChanges to concert party\n \nPower Probe (\"Power Probe\", the \"Group\" or the \"Company\"), a leading producer of automotive electrical diagnostic tools for professional service technicians, was notified yesterday, 26 March 2026, of the following purchases of ordinary shares of 0.1 pence each in the capital of the Company (\"Ordinary Shares\"):\n\n\n\n\nName\n\n\nOrdinary Shares purchased\n\n\nPrice per Ordinary Share (pence)\n\n\nResulting shareholding\n\n\nResulting shareholding (%)\n\n\n\n\nChema Garcia, Chief Executive Officer*\n\n\n52,000\n\n\n71.0\n\n\n3,279,749\n\n\n4.45\n\n\n\n\nMichael Sherwin, Independent Non-Executive Chairman\n\n\n14,000\n\n\n71.0\n\n\n62,780\n\n\n0.09\n\n\n\n\nFabio Medina, Chief Financial Officer\n\n\n4,100\n\n\n71.0\n\n\n49,770\n\n\n0.07\n\n\n\n\nCynthia Alers, Independent Non-Executive Director\n\n\n7,132\n\n\n70.0\n\n\n25,424\n\n\n0.03\n\n\n\n\nColin Fielding, Independent Non-Executive Director\n\n\n1,350\n\n\n71.0\n\n\n1,350\n\n\n0.00\n\n\n\n\n*Purchased via CHR International Projects Limited, a company wholly owned by Chema Garcia\nFurther details of the above dealings are set out at the end of this announcement.\nThe Concert Party\nThe Company has agreed with the Panel on Takeovers and Mergers that CHR International Projects (a company wholly owned by Chema Garcia) is presumed to be acting in concert with the members of the Concert Party (as defined below) in relation to the Company. Accordingly, there is presumed to be a single concert party, who together hold 53.4 per cent. of the Company's issued share capital (the \"Concert Party\"):\n\n\n\n\nShareholder\n\n\nNo. Ordinary Shares\n\n\n%\n\n\n\n\nJNC Ever Limited\n\n\n9,981,980\n\n\n13.54\n\n\n\n\nSuperb Wealth Limited\n\n\n9,516,440\n\n\n12.91\n\n\n\n\nJubilant Inspirations Limited\n\n\n7,486,480\n\n\n10.16\n\n\n\n\nNoble Character Limited\n\n\n7,486,480\n\n\n10.16\n\n\n\n\nCHEN, Wang-Chuan\n\n\n912,400\n\n\n1.24\n\n\n\n\nSO, Wan\n\n\n638,680\n\n\n0.87\n\n\n\n\nCHEN, Yen-Lei\n\n\n91,240\n\n\n0.12\n\n\n\n\nIP, Foo Wing\n\n\nNone\n\n\nNil\n\n\n\n\nCHEN, Yen-Chen\n\n\nNone\n\n\nNil\n\n\n\n\nCHR International Projects Limited\n\n\n3,279,749\n\n\n4.45\n\n\n\n\nTotal\n\n\n39,393,449\n\n\n53.45\n\n\n\n\n \nAs set out in the Company's admission document dated 5 Decemb...