REG - Oracle Power PLC - Former Director’s Shareholding

Oracle PowerAnnouncement

13/01/2023 17:00

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RNS Number : 7329M  Oracle Power PLC  13 January 2023

 

13 January 2023

 

 

 

Oracle Power PLC

("Oracle" or the "Company")

 

Former Director's Shareholding

 

Further to the announcement of 16 December 2022, Oracle Power has recently
concluded its investigation into the shareholding of former director, Andreas
Migge, following the disclosure of dealings made in 2019 and 2020.  Whilst
the findings were not definitive, the board of Oracle believes that Mr Migge's
current shareholding is 1,013,145 ordinary shares, representing 0.03 per cent.
of the issued share capital.

 

*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, Matthew Chandler, Rob
Patrick
                +44 (0) 20 7409 3494

 

Buchanan (Financial PR)

Bobby Morse/ Oonagh Reidy/Abigail
Gilchrist
+44 (0) 203 7466 5000

 

 

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. The Company is active in the energy
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.

 

Oracle Energy has been set up as the project development company and is funded
on a 70:30 basis by Kaheel Energy (100% owned by His Highness Shaikh Ahmed
Dalmook Al Maktoum) and Oracle Power respectively.  The project development
company provides a vehicle to support the accelerated development of the green
hydrogen project to meet the growing international and domestic demand of
green hydrogen and clean energy.

 

The Company also continues to advance towards the development of its Thar
Block VI Project in south-east Pakistan into a mine, a power plant and a
proposed coal gasification project.

 

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.

 

 

 

 

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