REG - Oracle Power PLC - Director Warrant Exercise

Oracle PowerAnnouncement

20/12/2021 07:00

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RNS Number : 1216W  Oracle Power PLC  20 December 2021

20 December 2021

Oracle Power PLC

("Oracle" or the "Company")

 

Director Warrant Exercise

 

Oracle Power PLC (AIM: ORCP) is pleased to announce that it has received
notice from Naheed Memon, Chief Executive Officer, to exercise 24,000,000
warrants to subscribe for 24,000,000 new ordinary shares of 0.1p each in the
capital of the Company ("Ordinary Shares") at a price of 0.25 pence per share.

 

Application will be made to the London Stock Exchange plc for the admission of
the 24,000,000 new Ordinary Shares to trading on AIM ("Admission"). Admission
is expected to become effective at 8.00 a.m. on or around 23 December 2021. On
Admission, Naheed Memon will hold 107,804,710 Ordinary Shares representing
4.09% of the issued share capital of the Company.

 

On Admission, the Company will have 2,636,325,712 Ordinary Shares in issue.
The Company holds no shares in treasury. Accordingly, the figure of
2,636,325,712 can be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company, under the
Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

Further to its announcement of 13 December 2021, the Company confirms that the
6,000,000 new Ordinary Shares, to be issued pursuant to Mark Steed's exercise
of warrants, are now expected to admit to trading on AIM at 8.00 a.m. on or
around 23 December 2021. These 6,000,000 new Ordinary Shares are included in
the abovementioned total Ordinary Shares in issue following Admission, being
2,636,325,712.

 

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 (Withdrawal) Act 2018.

 

*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

 

 

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.

 

PDMR Disclosure

 

 1.                        Details of the person discharging managerial responsibilities / person closely
                           associated
 a.                        Name                                                                        Naheed Memon

 2.                        Reason for the notification
 a.                        Position/status                                                             Chief Executive Officer

 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 £0.001 each
                           code

                                                                                                        GB00B23JN426

 b.                        Nature of the transaction                                                    Exercise of Warrants
 c.                        Price(s) and volume(s)                                                      £0.0025

                                                                                                       24,000,000
 d.                        Aggregated information                                                      N/A, single transaction

                           Aggregated volume

                           Price
 e.                        Date of the transaction                                                     18 December 2021
 f.                        Place of the transaction                                                    London Stock Exchange's AIM Market (XLON)

 

 

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