RE: I will wait until 18/12 re rns13 Dec 2024 19:41
I referring to the 12 dec rns which adds 2.2 Billion shares on the 18/12
'Oracle Power PLC (AIM:ORCP), the international project developer, announces that it has effected a reduction in the exercise price of all its outstanding warrants by approximately 21.9%. Specifically, the Company has agreed with Peel Hunt LLP ("Peel Hunt"), the holder of warrants over 1,666,666,667 ordinary shares of 0.001p each ("Ordinary Shares") in Oracle, previously exercisable at 0.032p, to exercise all its warrants at 0.025p each ("Warrant Exercise") in order to raise gross proceeds of £416,667. This exercise price represents a 16.7% discount to the Company's mid-market share price at yesterday's market close, and therefore the Warrant Exercise is considered by the Board to be a more cost-effective way of raising funds at this time than a placing. The Company has a further 613,544,706 warrants outstanding, with exercise prices of between 0.07p and 0.17p. These will be repriced on the same basis (the "Warrant Repricing").'