Adoption of Share Option Scheme & Grant of Options
16 October 2026
Oracle Power PLC
(“Oracle” or the “Company”)
Adoption of Share Option Scheme and Grant of Options
Oracle Power PLC (AIM: ORCP), the international project developer, announces the adoption of a new Share Option Scheme (the “Scheme”) and the grant of certain options thereunder.
Rationale for the Scheme
The adoption of the Scheme underscores the Company’s commitment to aligning the incentivisation and interests of its senior management with those of its shareholders.
Details of the Option Grants
The Company yesterday granted, subject to certain vesting criteria, 1,697,139,461 options, in aggregate, with an exercise price of 0.0383 pence each, over new ordinary shares in the Company (“Ordinary Shares”), representing approximately 10.0 per cent. of the Company’s existing issued ordinary share capital. The recipients and details of the grants are set out below:
Name
Date of Grant
Position
No. of Options Granted
Exercise Price per Ordinary Share
Maturity Date
Total Options Held following this Grant
Naheed Memon
15/10/2026
CEO
1,103,140,650
0.0383p
15 October 2036
1,103,140,650
Nicholas Lee
15/10/2026
CFO/ Company Secretary
593,998,811
0.0383p
15 October 2036
593,998,811
The options vest as follows:
- 848,569,731 options (approximately 50 per cent.) vest immediately;
- 424,284,865 options (approximately 25 per cent.) vest upon the Company’s share price increasing to 0.073 pence per Ordinary Share, measured over a consecutive 5-day period (representing an approximate 100 per cent. increase from the prevailing middle market share price of 0.0365 pence); and
- the remaining options (approximately 25 per cent.) vest upon the Company’s share price increasing to 0.110 pence per Ordinary Share, measured over a consecutive 5-day period (representing an approximate 200 per cent. increase from the prevailing middle market share price of 0.0365 pence).
The Scheme permits the issuance of options over up to 15 per cent. of the Company’s issued share capital from time to time, thereby affording flexibility and headroom for additional awards if and when appropriate.
*ENDS*
For further information:
Oracle Power PLC
Naheed Memon - CEO
+44 (0) 203 580 4314
Strand Hanson Limited (Nominated Adviser & Broker)
Rory Murphy, Matthew Chandler, Rob Patrick
+44 (0) 20 7409 3494
St Brides Partners Limited (Financial PR)
Susie Geliher, Isabel de Salis
+44 (0) 20 7236 1177
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 (“MAR”) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.
PDMR Notification Form:
The notification below is made in accordance with the requirements of MAR.
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
- Naheed Memon
- Nicholas Lee
2.
Reason for the Notification
a)
Position/status
- Chief Executive Officer
- Chief Financial Officer/Company Secretary
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 instrument, type of instrument
In each case, the grant of Options over Ordinary Shares of 0.001 pence each in the capital of the Company
Identification code
GB00B23JN426
b)
Nature of the Transaction
Grant of Options over Ordinary Shares of 0.001 pence each in the capital of the Company
c)
Price(s) and volume(s)
Price: 0.0383p
Volumes:
- 1,103,140,650
- 593,998,811
d)
Aggregated information
Aggregated volume Price
N/A
e)
Date of the transaction
15 October 2026
f)
Place of the transaction
Outside a trading venue
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