REG - Oracle Power PLC - Conversion Notice and Issue of Equity

Oracle PowerAnnouncement

01/09/2020 11:20

RNS Number : 6742X
  
Oracle Power PLC
  
01 September 2020
  
 

 
 
 
Oracle Power PLC
("Oracle", the "Company" or the "Group")
 
Conversion notices and issue of equity
Total voting rights
 
 
Oracle (AIM: ORCP) announces that it has received conversion notices from the Investors in respect of a further £300,000 of the £1.5 million Share Subscription announced on the 9 July 2020.
 
Accordingly, pursuant to the conversions, the Company has issued, in aggregate, 54,582,172 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") to the Investors (the "Investor Shares").
 
Following the conversions, £1.1 million remains outstanding for conversion under the Share Subscription.
 
The Investor Shares will rank pari passu in all respects with the existing Ordinary Shares. Application will be made to the London Stock Exchange plc for the admission of the Investor Shares to trading on AIM ("Admission"). It is anticipated that Admission will occur at 8.00 a.m. on or around 4 September 2020 ("Admission").
 
Following Admission, the Company's issued share capital will comprise 2,051,684,541 Ordinary Shares.  As the Company does not hold any shares in treasury, this figure of 2,051,684,541 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change in their interest, in the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
 
Unless defined herein, or the context requires otherwise, capitalised terms used in this announcement carry the same meaning as those ascribed to them in the Company's announcement of 9 July 2020.
 
 
 
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For further information:



Oracle Power PLC
Naheed Memon


+44 (0) 203 580 4314




Strand Hanson Limited (Nominated Adviser)
Rory Murphy, James Harris, Jack Botros


+44 (0) 20 7409 3494




Brandon Hill Capital Limited (Joint Broker)
Oliver Stansfield


+44 (0) 203 463 5000




Shard Capital (Joint Broker)
Damon Heath
Isabella Pierre
 
St Brides Partners Limited (Financial PR)
Susie Geliher
Catherine Leftley


+44 (0) 20 7186 9952
 
 
 
+44 (0) 20 7236 1177



 
 

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