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22 Dec 2017 08:30
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  | Details of the person discharging managerial responsibilities / person closely associated  | |
a)  | Name  | Arvind Gupta  |
2  | Reason for the notification  | |
a)  | Position/status  | Executive Chairman |
b)  | Initial notification /Amendment    | Initial notification |
3  | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  | |
a)  | Name  | OPG Power Ventures plc |
b) Â | LEI Â | 213800MLM7O87QIGIK85 Â |
4  | 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  | |
a)  | Description of the financial instrument, type of instrument  Identification code  | Ordinary shares of 0.0147p each in the capital of OPG Power Ventures plc   Company ISIN: IM00B2R3RX72  |
b)  | Nature of the transaction  | Purchase of shares under the Scrip Dividend Alternative |
c) Â | Price(s) and volume(s) Â Â | Price(s) 26.023 pence per share Volume(s) 4,714,129 Â |
d)  | Aggregated information  - Aggregated volume  - Price  |   N/A  Single transaction  |
e)  | Date of the transaction  | 22 December 2017 |
f)  | Place of the transaction  | London Stock Exchange (AIM) |
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1  | Details of the person discharging managerial responsibilities / person closely associated  | |
a)  | Name  | Mike Grasby  |
2  | Reason for the notification  | |
a)  | Position/status  | Non-Executive Director |
b)  | Initial notification /Amendment    | Initial notification |
3  | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  | |
a)  | Name  | OPG Power Ventures plc |
b) Â | LEI Â | 213800MLM7O87QIGIK85 Â |
4  | 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  | |
a)  | Description of the financial instrument, type of instrument  Identification code  | Ordinary shares of 0.0147p each in the capital of OPG Power Ventures plc   Company ISIN: IM00B2R3RX72  |
b)  | Nature of the transaction  | Purchase of shares under the Scrip Dividend Alternative |
c) Â | Price(s) and volume(s) Â Â | Price(s) 26.023 pence per share Volume(s) 277 Â |
d)  | Aggregated information  - Aggregated volume  - Price  |   N/A  Single transaction  |
e)  | Date of the transaction  | 22 December 2017 |
f)  | Place of the transaction  | 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  |  +91 (0) 44 429 11211 |
OPG - Investor Relations Ajay Paliwal / Pooja Maru  |  +44 (0) 20 7850 7070 |
Cenkos Securities (Nominated Adviser & Broker) Stephen Keys / Camilla Hume | Â +44 (0) 20 7397 8900 Â |
Macquarie Capital (Europe) Limited (Joint Broker) Raj Khatri / Nick Stamp  |  +44 (0) 20 3037 2000 |
Tavistock (Financial PR) Simon Hudson / James Collins | Â +44 (0) 20 7920 3150 |
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