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Regulatory News for Oracle Power (ORCP)
Share Price: 2.35 Bid: 0.00 Ask: 0.00 Change: 0.00 (0.00%) No Movement on Oracle Power
Spread: 0.00 Spread as %: 0.00% Open: 2.375 High: 0.00 Low: 0.00 Yesterday�s Close: 2.35
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UPDATE ON MOU AND SIGNING OF CONSORTIUM AGREEMENT
Wed, 1st Nov 2017 07:00
RNS Number : 2153V
Oracle Power PLC
01 November 2017
Oracle Power PLC
ORACLE POWER PLC
("Oracle" or the "Company" or the "Group")
UPDATE ON MEMORANDUM OF UNDERSTANDING AND SIGNING OF CONSORTIUM AGREEMENT
� Memorandum of Understanding, currently agreed in-principle, ("MOU") expected to be signed in November 2017
� Consortium Agreement ("CA") signed
� Oracle to retain 12.1 per cent equity stake in flagship Block VI Project
� Sichuan Provincial Investment Group Co. Limited to take 78 per cent Equity Interest at the project level
� PowerChina International Group Limited to take 9.9 per cent Equity Interest at the project level
&
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