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RNS Number : 7296F Oracle Power PLC 09 November 2022
9 November 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 8 November 2022:
DIRECTOR POSITION ORDINARY SHARES PURCHASED PRICE PER ORDINARY SHARE TOTAL BENEFICIAL INTEREST % ISSUED SHARE CAPITAL
Mark Steed Non-Executive Chairman 46,204 0.3 pence 24,667,440 0.801%
Naheed Memon CEO 405,296 0.3 pence 111,944,212 3.637%
Andreas Migge Non-Executive Director 81,059 0.3 pence 9,813,145 0.319%
David Hutchins Non-Executive Director 61,605 0.3 pence 713,617 0.023%
Further details of the Director Purchase Plan can be found in the Company's
announcement of 29 September 2022.
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 Broker)
Rory Murphy, James Harris, Rob Patrick
+44 (0) 20 7409 3494
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 0.30 pence 46,204
2. N Memon 0.30 pence 405,296
3. A Migge 0.30 pence 81,059
4. D Hutchins 0.30 pence 61,605
d. Aggregated information
- Aggregated volume 594,164
- Price £0.0030 per Ordinary Share
e. Date of the transactions 8 November 2022
f. Place of the transactions London Stock Exchange's AIM Market (XLON)
d.
Aggregated information
- Aggregated volume
- Price
594,164
£0.0030 per Ordinary Share
e.
Date of the transactions
8 November 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 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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