REG - Oracle Power PLC - Director Share Purchases

Oracle PowerAnnouncement

07/07/2022 07:16

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220707:nRSG6019Ra&default-theme=true

RNS Number : 6019R  Oracle Power PLC  07 July 2022

 

7 July 2022

Oracle Power PLC

("Oracle" or 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 6 July 2022:

 

 DIRECTOR        POSITION                ORDINARY SHARES PURCHASED  PRICE PER ORDINARY SHARE  TOTAL BENEFICIAL INTEREST  % ISSUED SHARE CAPITAL
 Mark Steed      Non-Executive Chairman  49,535                     0.27 pence                24,522,475                 0.847%
 Naheed Memon    CEO                     434,516                    0.27 pence                110,672,591                3.821%
 Andreas Migge   Non-Executive Director  86,903                     0.27 pence                9,558,822                  0.330%
 David Hutchins  Non-Executive Director  66,046                     0.27 pence                520,331                    0.018%

 

Further details of the Director Purchase Plan can be found in the Company's
announcement of 12 August 2021.

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by
virtue of the European Union (Withdrawal) Act 2018 (as amended).

 

*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 and Joint Broker)

Rory Murphy, James Harris, Rob
Patrick
                +44 (0) 20 7409 3494

 

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                                                                         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 Identification  Ordinary Shares of £0.001 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     0.27 pence   49,535

                                                                                                         2. N Memon     0.27 pence   434,516

                                                                                                         3. A Migge     0.27 pence   86,903

                                                                                                         4. D Hutchins  0.27 pence   66,046
 d.                          Aggregated information

                             -       Aggregated volume                                                   637,000

                             -       Price                                                               £0.0027 per Ordinary Share
 e.                          Date of the transactions                                                    6 July 2022
 f.                          Place of the transactions                                                   London Stock Exchange's AIM Market (XLON)

d.

Aggregated information

-       Aggregated volume

-       Price

 

637,000

£0.0027 per Ordinary Share

e.

Date of the transactions

6 July 2022

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 currently has two areas
of focus: Western Australia and Pakistan.  In Australia, its primary focus is
the Northern Zone Gold Project, 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.  Northern Zone has a current Exploration Target of
200-250Mt at 0.4-0.6g/t Au for between 2.5 - 4.8Moz gold, with drilling being
planned to define a maiden inferred JORC resource.

 

The Company is also active in the power industry in Pakistan and is working to
establish a green hydrogen production facility through Oracle Energy Limited,
a joint venture with His Highness Shaikh Ahmed Dalmook Al Maktoum.  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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHRFMMTMTMMTLT