Member Info for mjharris

Its a calculated gamble for anyone who buys with the intention of selling at 6.27p and hoping they are able to cash in all their shares. For those that voted NO to the taking of the Company private and have then sold their shares there will be the opportunity to buy back in if the vote is not passed. (unlikely) Although as Nick Rubens says how could you ever trust this Company again??

As I see it the problem with buying shares now at the reduced price to offer to the company for the quoted price is that the company buyback is upto a restricted percentage and not all shareholders allocated holidings will be accepted for buyback. That means that you could end up owning some unquoted shares that the company will not buy.

Thanks for the update Andrey. Hope we continue to collect disgruntled Shareholdersss leading up to the AGM.

Andrey Walker. Do you have any update on the number or Shares and Shareholders who have registered as going to be voting against the OPG proposals. Believe the last was 19 shareholders with 27.9 mln shares.

Fieldwolf. I think the Company already know the depth of feeling from Private Investors and are just ignoring it. They just intend to push through with the resolutions to purchase our shares for a derisory payment and take the Company private. The fact that the votes are being declared already as against the proposals tells them the depth of feeling.

Dubs. OPG are proposing to buy the remaining shares that they do not own for the derisory sum of 6.27p. They will need to have a 75% majority vote to achieve this. Also they are proposing to take the Company private and remove the listing of the Shares on the AIM Market. Basically you will be waving goodbye to your investment if you vote positive for the delisting and accepting the 6.27pence offer.

Daniscp 1906. Looking back through the RNS for OPG it shows that Prana GP Ltd declared owning 5% through 20M Shares that they purchased on 18/01/2023 and declared on the 25/01/2023. Also Talisman 37 completed the same 5% transaction on that date for 20M Shares. Looking at the Share Price for OPG around that date was showing at 6.15Pence. It does not give any indication of which way either holders would vote based on an offer from OPG of 6.27Pence. But what it might show is that both of those holders could exit the Company without a loss which is worrying.

I would see the break up of the group as a detrimental action. Yes its been on a downward trajectory over the last year, but I think given time a recovery in the share price would be occuring. This is alluded to in the statement from Michael Riedl in which he says the group's combination of "resilient performance in DIS, improving trends in Comparison, and the structural evolution of Search" gave him confidence that all its businesses had strong outlooks for 2026 "either within or outside the group".

Ronaldtrump I can see your frustration with the FCA. The response I received was quite vague and only mentioned passing the enquiry onto a relevant department. Did you receive a more in depth response from them where you were making more detailed specific allegations against OPG with the market manipulation?

Also got the same response from AIM Regulation. Basically putting the onus back on us to comply with the Shareholder Vote. No mention of investigation regarding misuse of Company Funds, Directors fitness for purpose etc!" FCA looks to have washed their hands of us and our complaints against OPG.

Not feeling especially confident with this reply from AIM Regulation ?

Thank you for your email, copied below, regarding OPG Power Ventures plc, which AIM Regulation will consider.

Kind regards

AIM REGULATION

Also just voted via A J Bell against all proposed

I have forwarded a copy of realturbo`s letter below onto the AIM Regulation Team. I suggest that all others send to the Team as well.

I am writing to lodge a formal complaint regarding OPG Power Ventures plc (“OPG”), where the Board and majority shareholders appear to be engaging in conduct that is not only grossly unethical but potentially criminal.

The Board has announced its intention to delist the company from AIM and simultaneously launch a share buyback at approximately 6 pence per share, using company funds to coerce minority shareholders into selling their shares at a derisory price. This proposed action is entirely contrary to the interests of both the company and its shareholders, as it is designed exclusively to benefit the majority while exploiting resources that rightfully belong to all investors.

Given the company’s cash reserves of approximately £18 million, assets valued at around 41 pence per share, and current debt-free status, there is no justification for this buyback at such a steep discount. Even a public sale—conducted at a reduced, but fair, price—would likely generate at least 20 pence per share and yield a far more equitable outcome for shareholders. Notably, the current bank balance alone equates to approximately 9 pence per share.

It is an affront to proper market practice that the Board seeks to enrich themselves by purchasing shares at the lowest possible price, under conditions that appear deliberately contrived to suppress the share price. These actions amount to the misuse of company funds to displace minority shareholders for the Board’s personal gain.

Moreover, there are serious concerns regarding nepotism within the Board and the fact that the Guptas, who hold significant controlling power, are already the subject of criminal investigations. The Financial Conduct Authority (FCA) must act swiftly to prevent what appears to be a major fraudulent scheme.

This delisting and buyback proposal is manifestly not in the best interests of OPG or its shareholders. The Board’s conduct is so overt that I firmly believe either a new Board should be appointed or the company should be put up for public sale to the highest bidder. In my view, those responsible for orchestrating this scheme must face legal consequences.

Allowing such conduct to go unaddressed will only erode investor confidence in UK junior markets. I urge the FCA to conduct a thorough and rigorous investigation into these matters, including a review of disclosures and Board activities over the past three years.

Further details regarding the proposed share buyback are provided in the following RNS:

https://www.lse.co.uk/rns/OPG/proposed-share-buyback-and-cancellation-gk6x0lw3br91rm2.html

I look forward to your response

Just received this reply this morning. Seems that the FCA have no authority over this Company

Dear ********

Thanks for submitting your web form to the Financial Conduct Authority (FCA) on 5 November 2025 regarding OPG Power Ventures Plc.

I understand you have concerns regarding an attempted management buy out of OPG Power Ventures Plc. I appreciate this must be concerning for you.

OPG Power Ventures Plc

I've completed a search on our Financial Services Register and based on the information you've provided, I've been unable to locate a firm called OPG Power Ventures Plc, which means they're not authorised by ourselves. If they’re offering you particular products or services (known as regulated activities), they would need our authorisation to do so.

I’ve located no record of OPG Power Ventures Plc being listed on The Official List. The Official List is the definitive record of whether a company’s securities are officially listed in the UK.

Your next steps

Since OPG Power Ventures Plc is listed on the Alternative Investment Market (AIM) at the London Stock Exchange, you may wish to report your concerns to the AIM Regulation Team. I’ve listed their contact details below.

+44 (0)20 7797 4154

aimregulation@londonstockexchange.com

What I’ve done with the information you’ve provided

I’ve today referred the information you’ve provided regarding OPG Power Ventures Plc to the appropriate team for further investigation. If they require any further information from you about this, they’ll ask me to contact you again.

Once again thank you for taking the time to report your concerns to us.

Yours sincerely

Andrew

Supervisor / Supervision Hub

Supervision – Retail and Authorisations / Tel: 0800 111 6768

www.fca.org.uk

Raised this complaint below with the FCA to investigate what is clearly a scam to defraud Shareholders by offering 6.25p per Share when the Net Asset Value of the Company is in the region of 42p per Share.

There is an attempted MBO, using the cash the company holds that belongs to the Shareholders to buy all the minority shareholders out with a derisory payment.

The Board has a duty to act in the best interest of shareholders! Giving holders a share of their own money to relinquish their shares with a view of delisting and the board taking full ownership is a purely constructed scheme to defraud existing shareholders.

The Board are not acting in the best interest of Shareholders.

All on this BB should contact and raise with the FCA

How about a counter proposal? That the Gupta`s sell their 206.5 Million Shares for 6.27p and take the 13 Million Quid and get out of the Company and leave the remaining 200 Million Shares in the hands of the Private and Institutional Investors to form a new Board of Directors and run the Company. All in favour!!!!

This is purely about the Gupta family attempting to line their pockets with the investments of the Private Investors in this Company. It is a complete shambles. Taking the Company private subjects the Gupta family to all the future profits to be had from a business that can only increase in value while the India economy is quickly expanding. Will definately be voting NO!

G_G_G fully agree with your message and have sent my copy of your e=mail to the Company

This company appears to have put the errors of its past behind them and I think it will be a slow burner moving forward. By following the FOCUS plan we should start to see ongoing improvements in sales and marketing especially in the North American market which must be huge.

Phase One "Transform and improve" (up to end of FY27). This phase will focus on sustainable, profitable growth from existing assets, maintaining a lean and efficient cost structure and debt reduction. The Company is targeting a run rate sales volume of 100,000m³ by the end of the period and expects the Kingsport production facility to be profitable in FY26.

· Phase Two "Optimise" (FY28-FY30). The focus during this phase will be on implementing operational efficiencies to deliver the full capacity of the two plants, with a continuous focus on debt reduction driven by strong free cash flow generation. The Company is targeting a run rate sales volume of 120,000m³ by the end of FY30 and will also optimise the Accoya Color production footprint.

· Phase Three "Grow" (post FY30). The Company plans to pursue growth opportunities with further capital investment, leveraging at that time, the proven US expansion model.

J P Jenkins listings indicate DCU1 & DCU2 which are shown at differing prices. What is the difference? How do you know which one you hold?