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RNS Number : 7154R Oracle Power PLC 09 November 2021
9 November 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 November 2021:
DIRECTOR POSITION ORDINARY SHARES PURCHASED PRICE PER ORDINARY SHARE TOTAL BENEFICIAL INTEREST % ISSUED SHARE CAPITAL
Mark Steed Non-Executive Chairman 37,463 0.37 pence 18,204,283 0.759%
Naheed Memon CEO 328,620 0.37 pence 83,804,710 3.496%
Andreas Migge Non-Executive Director 105,290 0.37 pence 8,988,898 0.375%
David Hutchins Non-Executive Director 41,627 0.37 pence 116,505 0.005%
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 (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
(https://search.gleif.org/#/record/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 Ordinary Shares of £0.01 each
code
GB00B23JN426
b. Nature of the transaction Purchase of Ordinary Shares
c. Price(s) and volume(s)
Director Price/share Volume (s)
1.M Steed 0.37 pence 37,463
2.N Memon 0.37 pence 328,620
3.A Migge 0.37 pence 105,290
4.D Hutchins 0.37 pence 41,627
d. Aggregated information
Aggregated volume 513,000 Aggregated volume
Price £0.0037 Average Price
e. Date of the transactions 8 November 2021
f. Place of the transactions London Stock Exchange's AIM Market (XLON)
d.
Aggregated information
Aggregated volume
Price
513,000 Aggregated volume
£0.0037 Average Price
e.
Date of the transactions
8 November 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 is also active in the power industry in Pakistan and is working to
establish a green hydrogen production facility in association with
PowerChina. The Company's initial project is the Thar Block VI Project in
south-east 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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