Last checked at 28 Feb 2019 14:15
28 February 2019
ORACLE POWER PLC
("Oracle" or the "Company" or the "Group")
Director Dealing
Oracle Power PLC (AIM:ORCP), the UK energy developer of a combined lignite coal mine and mine mouth power plant located in Block VI of the Thar desert in the south-east of the Sindh Province of Pakistan announces that the Chairman of its Board of Directors, Mr Mark Steed, has today purchased, on market, 1,100,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), at a price of 0.504 pence per share.
Following these transactions, Mr Steed's beneficial interest in the Company stands at 2,100,000 Ordinary Shares, representing approximately 0.1667% of the issued share capital of the Company.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| MARK STEED
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| CHAIRMAN OF BOARD OF DIRECTORS
| |||
b)
| Initial notification /Amendment
| INITIAL NOTIFICATION
| |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| ORACLE POWER PLC | |||
b)
| LEI | 213800KTG8HX1WBCAA49 | |||
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 | ORDINARY SHARES | |||
|
| ||||
Identification code | GB00B23JN426 | ||||
|
| ||||
b)
| Nature of the transaction | Purchase of shares | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
| 0.504 pence | 1,100,000 |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
|
| ||||
| Aggregate volume: 1,100,000 Aggregate price: 0.504 pence Aggregate total: £5,544.00 | ||||
|
| ||||
|
| ||||
|
| ||||
e)
| Date of the transaction | 28 FEBRUARY 2019 | |||
f)
| Place of the transaction
| London Stock Exchange's AIM Market | |||
For further information please contact:
Oracle Power PLC Naheed Memon | +44 (0) 203 580 4314 |
Strand Hanson Limited (Nominated Adviser) Rory Murphy, James Harris, Jack Botros |
+44 (0) 20 7409 3494 |
Brandon Hill Capital Limited Oliver Stansfield | +44 (0) 203 463 5000 |
Peterhouse Corporate Finance Charles Goodfellow | +44 (0) 207 220 9791 |
Blytheweigh Tim Blythe, Camilla Horsfall, Megan Ray | +44 (0) 207 138 3204 |