Last checked at 14 Feb 2019 17:43
14 February 2019
OPG Power Ventures plc
("OPG", the "Group" or the "Company")
Director/PDMR Shareholding - SCRIP Dividend and Transfer
The Company announces that the following directors previously subscribed for and received ordinary shares of 0.0147p each in the capital of the company ("Ordinary Shares"), at the reference price of 11.275p per share, as part of the SCRIP dividend previously announced on 20 November 2018:
Director | Position | Ordinary Shares issued on 3 December 2018 pursuant to SCRIP dividend | Total number of Ordinary Shares Currently held | % of issued share capital |
Mike Grasby | Non-Executive Director | 915 | 11,233 | 0.00% |
Dmitri Tsvetkov | Chief Financial Officer | 88,850 | 1,090,637 | 0.28% |
Jeremy Warner Allen | Non-Executive Deputy Chairman | 88,691 | 1,088,691 | 0.28% |
Gita Investments Limited and related parties * | Executive Chairman | 16,283,860 | 199,884,417 | 51.53% |
* Beneficial interest in these shareholdings vests with Arvind Gupta and his family.
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 | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | OPG POWER VENTURES PLC | |
b) | LEI | 213800MLM7O87QIGIK85 | |
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 ISIN: IM00B2R3RX72 | |
b) | Nature of the transaction | Acquisition of Ordinary Shares pursuant to SCRIP dividend | |
c) | Price(s) and volume(s) | Price(s) 11.275 pence per share
| Volume(s) 915 |
d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction
| |
e) | Date of the transaction | 3 December 2018 | |
f) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Dmitri Tsvetkov | |
2 | Reason for the notification | ||
a) | Position/status | Chief Financial Officer | |
b) | Initial notification /Amendment | Initial | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | OPG POWER VENTURES PLC | |
b) | LEI | 213800MLM7O87QIGIK85 | |
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 ISIN: IM00B2R3RX72 | |
b) | Nature of the transaction | Acquisition of Ordinary Shares pursuant to SCRIP dividend | |
c) | Price(s) and volume(s) | Price(s) 11.275 pence per share
| Volume(s) 88,850 |
d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction
| |
e) | Date of the transaction | 3 December 2018 | |
f) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Jeremy Warner Allen | |
2 | Reason for the notification | ||
a) | Position/status | Non-Executive Deputy Chairman | |
b) | Initial notification /Amendment | Initial | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | OPG POWER VENTURES PLC | |
b) | LEI | 213800MLM7O87QIGIK85 | |
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 ISIN: IM00B2R3RX72 | |
b) | Nature of the transaction | Acquisition of Ordinary Shares pursuant to SCRIP dividend | |
c) | Price(s) and volume(s) | Price(s) 11.275 pence per share
| Volume(s) 88,691 |
d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction
| |
e) | Date of the transaction | 3 December 2018 | |
f) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Gita Investments Limited | |
2 | Reason for the notification | ||
a) | Position/status | Person closely associated with Arvind Gupta, Executive Chairman of OPG Power Ventures PLC | |
b) | Initial notification /Amendment | Initial | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | OPG POWER VENTURES PLC | |
b) | LEI | 213800MLM7O87QIGIK85 | |
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 ISIN: IM00B2R3RX72 | |
b) | Nature of the transaction | Acquisition of Ordinary Shares pursuant to SCRIP dividend | |
c) | Price(s) and volume(s) | Price(s) 11.275 pence per share
| Volume(s) 16,283,860 |
d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction
| |
e) | Date of the transaction | 3 December 2018 | |
f) | Place of the transaction | London Stock Exchange | |
For further information, please visit www.opgpower.com or contact:
OPG Power Ventures PLC | +91 (0) 44 429 11211 |
Arvind Gupta / Dmitri Tsvetkov | |
Cenkos Securities (Nominated Adviser & Broker) | +44 (0) 20 7397 8900 |
Stephen Keys | |
Tavistock (Financial PR) | +44 (0) 20 7920 3150 |
Simon Hudson / Barney Hayward |