RE: Oracle Power AGM (24 July) β Action Required on Dilutive Share Resolutions!Today 14:06
Had a reply already:
Thank you for your email and for your continued support of Oracle Power. We have shared your questions with the Board for consideration.
The authorities being sought at the forthcoming AGM are standard annual authorities that provide the Company with flexibility to raise capital should this be necessary, particularly as the Company currently has no revenue. The Company last raised new equity funds in August 2025, so almost a year ago and the Companyβs share price has since appreciated by around 200%. As set out in the Notice of AGM, the authorities do not in themselves represent a decision to undertake a fundraising.
At this stage, the Company has nothing further to announce beyond the information contained in the AGM documentation. Should any fundraising be undertaken in the future, the Board would consider the appropriate structure at that time, taking into account the Company's funding requirements, prevailing market conditions and the interests of all shareholders, while complying with its regulatory obligations. The Board very much welcomes thoughts and suggestions from shareholders in this regard.
Thank you again for taking the time to write to us