Oracle Power PLC Director Resignation (7190F)

TIDMORCP

RNS Number : 7190F

Oracle Power PLC

16 July 2019

Oracle Power PLC

("Oracle", the "Company" or the "Group")

Director Resignation

Oracle Power PLC (AIM:ORCP), the UK energy developer of a combined lignite mineral resource and mine mouth power plant located in the Thar desert in the south-east of Sindh Province, Pakistan, announces today that Shahrukh Khan has stepped down with immediate effect as a Director of the Company.

Mr Khan has served as a Director and Chief Executive Officer since the Company's incorporation in 2006 and more recently since 25 January 2019 as Executive Director. The Board places on record its thanks for his service and substantial contribution to the development of the Company. He remains an employee of the Company.

Mark Steed, Chairman of Oracle said:

"On behalf of the Board, I place on record our gratitude to Shahrukh for his services to the Board of Oracle. He has driven the Company through challenging times, with passion and dedication."

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For further information please contact:

 
 Oracle Power PLC                             +44 (0) 20 3580 
  Naheed Memon                                 4316 
 Strand Hanson Limited (Nominated Adviser)    +44 (0) 20 7409 
  Rory Murphy, James Harris, Jack Botros       3494 
 Brandon Hill Capital Limited (Joint 
  Broker)                                     +44 (0) 20 3463 
  Oliver Stansfield                            5000 
 Peterhouse Corporate Finance (Joint 
  Broker)                                     +44 (0) 20 7220 
  Charles Goodfellow                           9791

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

BOABDGDRCSBBGCL

(END) Dow Jones Newswires

July 16, 2019 08:52 ET (12:52 GMT)

Oracle Power (LSE:ORCP)
過去株価チャート
から 6 2024 まで 7 2024