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Director/PDMR Shareholding

22 Dec 2017 08:30

RNS Number : 1334A
OPG Power Ventures plc
22 December 2017
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22 December 2017

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OPG Power Ventures plc

("OPG", the "Group" or the "Company")

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Directors' Shareholdings

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The Company has been notified that Arvind Gupta, Executive Chairman and Mike Grasby, Non-Executive Director, acquired 4,714,129 and 277 ordinary shares respectively in the Company through their participation in the Company's Scrip Dividend Alternative.

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Director

New Shares acquired pursuant to Scrip Dividend Alternative

Resultant holding following Admission

Resultant holding (% of enlarged issued share capital following Admission)

Arvind Gupta (Executive Chairman)

4,714,129

183,600,557

51.529%

Mike Grasby (Non-Executive Director)

277

10,318

0.003%

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The notification of Dealing Forms for Mr Gupta and Mr Grasby can be found below.

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Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them:

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1

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Details of the person discharging managerial responsibilities / person closely associated

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a)

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Name

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Arvind Gupta

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2

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Reason for the notification

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a)

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Position/status

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Executive Chairman

b)

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Initial notification /Amendment

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Initial notification

3

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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

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a)

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Name

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OPG Power Ventures plc

b)

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LEI

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213800MLM7O87QIGIK85

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4

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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

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a)

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Description of the financial instrument, type of instrument

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Identification code

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Ordinary shares of 0.0147p each in the capital of OPG Power Ventures plc

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Company ISIN: IM00B2R3RX72

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b)

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Nature of the transaction

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Purchase of shares under the Scrip Dividend Alternative

c)

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Price(s) and volume(s)

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Price(s) 26.023 pence per share

Volume(s) 4,714,129

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d)

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Aggregated information

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- Aggregated volume

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- Price

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N/A

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Single transaction

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e)

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Date of the transaction

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22 December 2017

f)

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Place of the transaction

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London Stock Exchange (AIM)

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1

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Details of the person discharging managerial responsibilities / person closely associated

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a)

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Name

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Mike Grasby

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2

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Reason for the notification

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a)

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Position/status

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Non-Executive Director

b)

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Initial notification /Amendment

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Initial notification

3

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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

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a)

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Name

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OPG Power Ventures plc

b)

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LEI

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213800MLM7O87QIGIK85

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4

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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

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a)

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Description of the financial instrument, type of instrument

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Identification code

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Ordinary shares of 0.0147p each in the capital of OPG Power Ventures plc

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Company ISIN: IM00B2R3RX72

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b)

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Nature of the transaction

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Purchase of shares under the Scrip Dividend Alternative

c)

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Price(s) and volume(s)

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Price(s) 26.023 pence per share

Volume(s) 277

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d)

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Aggregated information

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- Aggregated volume

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- Price

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N/A

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Single transaction

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e)

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Date of the transaction

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22 December 2017

f)

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Place of the transaction

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London Stock Exchange (AIM)

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For further information, please visit www.opgpower.com or contact:

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OPG Power Ventures PLC

Arvind Gupta / V Narayan Swami

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+91 (0) 44 429 11211

OPG - Investor Relations

Ajay Paliwal / Pooja Maru

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+44 (0) 20 7850 7070

Cenkos Securities (Nominated Adviser & Broker)

Stephen Keys / Camilla Hume

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+44 (0) 20 7397 8900

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Macquarie Capital (Europe) Limited (Joint Broker)

Raj Khatri / Nick Stamp

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+44 (0) 20 3037 2000

Tavistock (Financial PR)

Simon Hudson / James Collins

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+44 (0) 20 7920 3150

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-ends-

This information is provided by RNS
The company news service from the London Stock Exchange
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END
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