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22 Feb 2017 08:30
22 February 2017
OPG Power Ventures plc
("OPG", the "Group" or the "Company")
Directors' Shareholdings
The Company has been notified that Mike Grasby, Non-Executive Director, acquired 46 ordinary shares in the Company through his participation in the Company's Scrip Dividend Alternative.
Director | New Shares acquired pursuant to Scrip Dividend Alternative | Resultant holding following Admission | Resultant holding (% of enlarged issued share capital following Admission) |
Mike Grasby (Non-Executive Director) | 41 | 10,041 | 0.003% |
The notification of Dealing Form for Mr Grasby can be found below.
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) | LEI | N/A | |
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) | Price(s) and volume(s)
| Price(s)
62.80 per share | Volume(s)
41 |
d) | Aggregated information
- Aggregated volume
- Price |
N/A
Single transaction | |
e) | Date of the transaction | 22 February 2017 | |
f) | Place of the transaction | London Stock Exchange (AIM) | |
For further information, please visit www.opgpower.com or contact:
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 |
+44 (0) 20 7397 8900
|
Macquarie Capital (Europe) Limited (Joint Broker) Raj Khatri / Nick Stamp
|
+44 (0) 20 3037 2000 |
Tavistock (Financial PR) Simon Hudson / James Collins |
+44 (0) 20 7920 3150 |
OPG operates and develops power generation related assets in India and at 30 September 2016 had 750 MW of assets with a further 186 MW under development or in pipeline. In the six months ended 30 September 2016, according to its unaudited results for the period, the Company generated revenues of £118 million, EBITDA of £41 million, profit before tax of £18 million and earnings per share of 4.80 pence.
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