REG - Oracle Power PLC - Director Share Purchases

Oracle PowerAnnouncement

08/09/2021 15:10

RNS Number : 1613L
  
Oracle Power PLC
  
08 September 2021
  
 

 
8 September 2021
Oracle Power PLC
("Oracle", 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 September 2021:
 




DIRECTOR


POSITION


ORDINARY SHARES PURCHASED


PRICE PER ORDINARY SHARE


TOTAL BENEFICIAL INTEREST


% ISSUED SHARE CAPITAL




Mark Steed


Non-Executive Chairman


34,752


0.3525 pence


18,134,752


0.803%




Naheed Memon


CEO


336,000


0.3600 pence


65,335,561


2.895%




Andreas Migge


Non-Executive Director


65,248


0.3525 pence


8,865,248


0.390%




David Hutchins


Non-Executive Director


39,245


0.3525 pence


39,245


0.002%




 
Further details of the Director Purchase Plan can be found in the announcement of 12 August 2021. 
 
 
*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)
Rory Murphy, James Harris, Rob Patrick                                                  +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                                                                   +44 (0) 20 7186 9952
 
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


 213800WAVVOPS85N2205




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 Identification code


Ordinary Shares of £0.01 each


 GB00B23JN426




b.            


Nature of the transaction


Purchase of Ordinary Shares 




c.            


Price(s) and volume(s)


 




Director


Price/share


Volume (s)




1.M Steed
 


0.3525 pence


34,752




2.N Memon
 


0.3600 pence


336,000




3.A Migge
 


0.3525 pence


65,248




4.D Hutchins


0.3525 pence


39,245




 




d.            


Aggregated information
·Aggregated volume
·Price


 
 472,245 Aggregated volume
0.003578 Average Price




e.            


Date of the transactions


8 September 2021




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's initial project is the Thar Block VI Project in the Thar desert in the south-east of the Sindh province of 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.
 

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