REG - OPG Power Ventures - Share Buyback Offer Deadline

OPG Power VenturesAnnouncement

Mon 07:00

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RNS Number : 6160K  OPG Power Ventures plc  08 December 2025

8 December 2025

 

OPG Power Ventures Plc

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

 

Share Buyback Offer Deadline

 

OPG Power Ventures plc (AIM: OPG), a leading developer and operator of power
generation assets in India, reminds Shareholders that following the passing of
all resolutions at the Company's Annual General Meeting on 3 December 2025,
the Share Buyback Offer remains open for acceptance by Qualifying Shareholders
until 1.00 p.m. on 12 December 2025. The Share Buyback Offer Price is 6.27
pence per Ordinary Share and Qualifying Shareholders may tender some, all or
none of their Ordinary Shares.

 

The latest time and date for receipt of (i) Share Buyback Forms for
certificated Ordinary Shares (together with share certificate(s) and/or other
document(s) of title) and (ii) Transfer to Escrow ("TTE") Instructions for
uncertificated Ordinary Shares, in relation to the Share Buyback Offer is 1.00
p.m. on 12 December 2025.

 

If Shareholders wish to continue holding Ordinary Shares in the Company, they
do not need to take any action but should refer to the Circular in respect of
the changes to the Company's Articles of Association and the implications of
being a shareholder in a private company.

 

The Company will use the authority granted at the AGM to buy back up to 157.7
million Ordinary Shares.  The Family Concert Party is interested in
206,507,166 Ordinary Shares representing 51.53 per cent of the Company's
issued share capital and has confirmed that it will not tender any of its
respective Ordinary Shares pursuant to the Share Buyback Offer.

 

The resolutions passed at the AGM give the Company the authority to purchase
up to 182 million Ordinary Shares.  However, the Board has resolved, as
announced on 1 December 2025, to limit the Share Buyback Offer to up to 157.7
million Ordinary Shares, representing approximately 39.4 per cent. of the
Existing Ordinary Shares.  The Board took this decision in order to address
concerns regarding the potential concentration of ownership of the Company
should the Share Buyback Offer be taken up in full.

 

To the extent that tenders are received from Qualifying Shareholders by the
Company in respect of less than 157.7 million Ordinary Shares then each
Qualifying Shareholder who has validly tendered Ordinary Shares will have
their tender accepted in full.

 

Announcement of the results of the Share Buyback Offer is expected on 15
December 2025.

 

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

 

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

 

 OPG Power Ventures PLC                                              Via Tavistock below
 A P Singh

 Cavendish Capital Markets Limited (Nominated Adviser & Broker)      +44 (0) 20 7220 0500
 Stephen Keys/Katy Birkin/Isaac Hooper

                                                                     +44 (0) 20 7920 3150

 Tavistock (Financial PR)
 Simon Hudson / Nick Elwes

 

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