TIDMORCP

RNS Number : 3277V

Oracle Power PLC

09 August 2022

9 August 2022

Oracle Power PLC

("Oracle" or the "Company")

Director Share Purchases

Oracle Power PLC (AIM: ORCP), the international natural resources project developer, is pleased to announce that the Directors of the Company have purchased ordinary shares in the Company as part of the MAR compliant Director Share Purchase Plan ("Director Purchase Plan") as previously announced.

The following share purchases were made on 8 August 2022:

 
 DIRECTOR          POSITION         ORDINARY            PRICE PER    TOTAL         % ISSUED 
                                     SHARES PURCHASED    ORDINARY     BENEFICIAL    SHARE CAPITAL 
                                                         SHARE        INTEREST 
                   Non-Executive 
 Mark Steed         Chairman        43,316              0.32 pence   24,565,791    0.848% 
                  ---------------  ------------------  -----------  ------------  --------------- 
 Naheed Memon      CEO              379,967             0.32 pence   111,052,558   3.834% 
                  ---------------  ------------------  -----------  ------------  --------------- 
                   Non-Executive 
 Andreas Migge      Director        75,993              0.32 pence   9,634,815     0.333% 
                  ---------------  ------------------  -----------  ------------  --------------- 
                   Non-Executive 
 David Hutchins     Director        57,755              0.32 pence   578,086       0.020% 
                  ---------------  ------------------  -----------  ------------  --------------- 
 

The percentage of issued share capital for each director has been calculated pursuant to the total issued share capital of the Company as at 8 August 2022 and does not account for the additional 181,818,182 new ordinary shares (the "Placing Shares"), as announced 5 August 2022, for which Admission is expected to become effective at 8:00 a.m. on or around 11 August 2022.

Further details of the Director Purchase Plan can be found in the Company's announcement of 12 August 2021.

This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).

*ENDS*

For further information on Oracle Power PLC, visit the Company's website http://www.oraclepower.co.uk or contact:

Oracle Power PLC

Naheed Memon - CEO +44 (0) 203 580 4314

Strand Hanson Limited (Nominated Adviser and Broker)

Rory Murphy, James Harris, Rob Patrick +44 (0) 20 7409 3494

St Brides Partners Limited (Financial PR)

Susie Geliher, Catherine Leftley +44 (0) 20 7236 1177

Details of the full notifications received by the Company are set out below:

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a.   Name                                   1. Mark Steed 
                                              2. Naheed Memon 
                                              3. Andreas Migge 
                                              4. David Hutchins 
     --------------------------------  ------------------------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------------- 
 a.   Position/status                   1. Non-Executive Chairman 
                                         2. CEO 
                                         3. Non-Executive Director 
                                         4. Non-Executive Director 
     --------------------------------  ------------------------------------------- 
 b.   Initial notification/Amendment    Initial Notification 
     --------------------------------  ------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a.   Name                              Oracle Power PLC 
     --------------------------------  ------------------------------------------- 
 b.   LEI                               213800KTG8HX1WBCAA49 
     --------------------------------  ------------------------------------------- 
 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 of GBP0.001 
       instrument, type of instrument    each 
       Identification code               GB00B23JN426 
     --------------------------------  ------------------------------------------- 
 b.   Nature of the transaction         Purchase of Ordinary Shares 
     --------------------------------  ------------------------------------------- 
 c.   Price(s) and volume(s)              Director         Price/share    Volume 
                                                                            (s) 
                                           1. M Steed       0.32 pence     43,316 
                                                           -------------  -------- 
                                           2. N Memon       0.32 pence     379,967 
                                                           -------------  -------- 
                                           3. A Migge       0.32 pence     75,993 
                                                           -------------  -------- 
                                           4. D Hutchins    0.32 pence     57,755 
                                                           -------------  -------- 
     --------------------------------  ------------------------------------------- 
 d.        Aggregated information 
             *    Aggregated volume       557,031 
                                          GBP0.0032 per Ordinary Share 
 
             *    Price 
     --------------------------------  ------------------------------------------- 
 e.   Date of the transactions          8 August 2022 
     --------------------------------  ------------------------------------------- 
 f.   Place of the transactions         London Stock Exchange's AIM 
                                         Market (XLON) 
     --------------------------------  ------------------------------------------- 
 

About Oracle Power PLC:

Oracle Power PLC is an international natural resource and power project developer quoted on London's AIM market. The Company holds two highly prospective gold assets in two globally significant gold regions of Western Australia. The Northern Zone Project is located 25km east of the major gold mining centre of Kalgoorlie, the home of the 'Super Pit' mine, the second largest gold mine in Australia, and the Jundee East Gold Project is located 9km east of Northern Star's Jundee Gold Mine, one of Australia's largest gold mines.

The Company is also active in the power industry in Pakistan and is working to establish a green hydrogen production facility in association with PowerChina. The Company's initial project is the Thar Block VI Project in south-east Pakistan where the Company is advancing plans for a combined lignite coal mine, a 1,320MW mine mouth power plant and a proposed coal gasification to urea project.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHUWSRRURUWRUR

(END) Dow Jones Newswires

August 09, 2022 02:00 ET (06:00 GMT)

Oracle Power (LSE:ORCP)
過去 株価チャート
から 6 2024 まで 7 2024 Oracle Powerのチャートをもっと見るにはこちらをクリック
Oracle Power (LSE:ORCP)
過去 株価チャート
から 7 2023 まで 7 2024 Oracle Powerのチャートをもっと見るにはこちらをクリック