REG - OPG Power Ventures - Result of Share Buyback Offer and Cancellation

OPG Power VenturesAnnouncement

Mon 11:45

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RNS Number : 6051L  OPG Power Ventures plc  15 December 2025

15 December 2025

 

OPG Power Ventures plc

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

 

Result of Share Buyback Offer and Cancellation

 

OPG (AIM: OPG), the developer and operator of power generation assets in
India, announces the result of the Share Buyback Offer, details of which were
set out in the circular published by the Company on 6 November 2025 (the
"Circular") and in the subsequent announcement published by the Company on 1
December 2025 (RNS Number: 6371J).

 

Further to the announcement made on 1 December 2025, the maximum aggregate
number of Ordinary Shares that can be purchased pursuant to the Share Buyback
Offer is 157.7 million Ordinary Shares (representing 39.4 per cent. of the
Existing Ordinary Shares). The Share Buyback Offer Price is 6.27 pence per
Ordinary Share.

 

153,769,385 Ordinary Shares (representing 38.37 per cent. of the Company's
issued share capital and 97.51 per cent. of the maximum aggregate number of
Ordinary Shares that can be purchased pursuant to the Share Buyback Offer)
were validly tendered by Qualifying Shareholders under the Share Buyback
Offer. Shareholders who validly tendered Ordinary Shares equal will have their
tender accepted in full. 153,769,385 Ordinary Shares will therefore be
purchased under the Share Buyback Offer and subsequently cancelled. The total
value which will be returned to Shareholders pursuant to the Share Buyback
Offer will be approximately £9.64 million.

 

The Company announces that it has been notified that Jeremy Warner Allen,
Non-executive Deputy Chairman, in respect of 1,124,681 Ordinary Shares, and
Patrick Michael Grasby, Non-executive Director, in respect of 11,604 Ordinary
Shares, accepted the Share Buyback Offer in respect of their shareholdings.
Following these transactions, Jeremy Warner Allen and Patrick Michael Grasby
do not hold any Ordinary Shares in the Company.

 

Payment of the consideration due to Shareholders whose tenders under the Share
Buyback Offer have been accepted is expected to be despatched (by cheque to
certificated Shareholders and via CREST to uncertificated Shareholders) along
with balance certificates (if any) in respect of non-tendered shares on 23
December 2025.

 

Following the implementation of the Share Buyback Offer and the cancellation
of the tendered Ordinary Shares, the Company will have 246,964,126 Ordinary
Shares in issue with no Ordinary Shares held in treasury. Therefore, the total
number of voting rights in the Company will be 246,964,126 which may be used
by Shareholders as the denominator in the calculations by which they may
determine if they are required to notify their interest, or a change to their
interest, in the Company under the FCA's Disclosure, Guidance and Transparency
Rules. The Family Concert Party remains beneficially interested in 206,507,166
Ordinary Shares representing 83.62 per cent. of the revised issued share
capital of the Company.

 

Cancellation

 

As previously announced, following the approval of the proposed Cancellation
by Shareholders at the Annual General Meeting held on 3 December 2025, the
last day of dealings in the Ordinary Shares on AIM will be 23 December 2025
and the Cancellation of the admission to trading on AIM of the Ordinary Shares
will become effective at 7.00 a.m. on 24 December 2025.

 

Unless otherwise defined, capitalised terms in this announcement shall have
the meaning set out in the Circular.

 

Further details are set out below in accordance with the UK Market Abuse
Regulation.

 

For further information, please visit www.opgpower.com or contact:

 

 OPG Power Ventures PLC             Via Tavistock below
 A P Singh

 Cavendish Capital Markets Limited  +44 (0) 20 7220 0500

 (Nominated Adviser & Broker)
 Stephen Keys/Isaac Hooper

 Tavistock (Financial PR)           +44 (0) 20 7920 3150
 Simon Hudson / Nick Elwes

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

  1   Details of the person discharging managerial responsibilities / person closely
      associated

 a)   Name                                                         Jeremy Warner Allen

 2    Reason for the notification

 a)   Position/status                                              Non-executive Deputy Chairman

 b)   Initial notification/Amendment                               Initial Notification

 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor

 a)   Name                                                         OPG Power Ventures PLC

 b)   LEI                                                          213800MLM7O87QIGIK85

 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 instrument, type of instrument  Ordinary shares of 0.0147p each

      Identification code                                          IM00B2R3RX72

 b)   Nature of the transaction                                    Tender of Ordinary Shares in the Share Buyback Offer

 c)   Price(s) and volumes(s)                                      Price(s)                     Volume(s)

                                                                   £0.0627                      1,124,681

 d)   Aggregated information                                       N/A single transaction

      Aggregated volume                                            N/A single transaction

      Price                                                        N/A single transaction

 e)   Date of the transaction                                      12 December 2025

 f)   Place of the transaction                                     XOFF

 

 

  1   Details of the person discharging managerial responsibilities / person closely
      associated

 a)   Name                                                         Patrick Michael Grasby

 2    Reason for the notification

 a)   Position/status                                              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                                                         OPG Power Ventures PLC

 b)   LEI                                                          213800MLM7O87QIGIK85

 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 instrument, type of instrument  Ordinary shares of 0.0147p each

      Identification code                                          IM00B2R3RX72

 b)   Nature of the transaction                                    Tender of Ordinary Shares in the Share Buyback Offer

 c)   Price(s) and volumes(s)                                      Price(s)                     Volume(s)

                                                                   £0.0627                      11,604

 d)   Aggregated information                                       N/A single transaction

      Aggregated volume                                            N/A single transaction

      Price                                                        N/A single transaction

 e)   Date of the transaction                                      12 December 2025

 f)   Place of the transaction                                     XOFF

 

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