Last checked at 12 Aug 2021 07:00
12 August 2021
Oracle Power PLC
("Oracle", the "Company")
Director Share Purchase Plan
Oracle Power PLC (AIM:ORCP), the international natural resources project developer, is pleased to announce that each of the Directors has entered into a Company MAR compliant Director Share Purchase Plan ("Director Purchase Plan"). Pursuant to the Director Purchase Plan, each Director has irrevocably instructed the Company to direct 10% of net monthly salary/fees to an appointed broker to automatically make market purchases of shares in Oracle each month for the account of the Director. The Director Purchase Plan will be in place for 12 months.
The appointed broker will purchase shares from the market on or around the fifth trading day of each calendar month for a period of 12 months. Consequently, the first Director Purchase Plan buying is expected to occur on or around 7 September 2021.
As a result of entering into the Director Purchase Plan, each Director will be committed to make the monthly purchase of shares under the Director Purchase Plan in what otherwise may be a closed period. Entering into the Director Purchase Plan will not preclude the director from buying additional shares in the Company during open periods.
The market will be notified of the share purchases under the Director Purchase Plan on the next trading day via a PDMR: Director's dealing notification.
*ENDS*
For further information on Oracle Power Plc, visit the Company's website http://www.oraclepower.co.uk or contact:
Oracle Power PLC
Naheed Memon - CEO +44 (0) 203 580 4314
Strand Hanson Limited (Nominated Adviser)
Rory Murphy, James Harris, Rob Patrick +44 (0) 20 7409 3494
Brandon Hill Capital Limited (Joint Broker)
Oliver Stansfield +44 (0) 203 463 5000
Shard Capital (Joint Broker)
Damon Heath, Isabella Pierre +44 (0) 20 7186 9952
St Brides Partners Limited (Financial PR)
Susie Geliher, Catherine Leftley +44 (0) 20 7236 1177
About Oracle Power PLC:
Oracle Power PLC is a natural resource and power project developer listed on London's AIM market with assets in Australia and in Pakistan, under active development.
In Australia, Oracle holds two highly prospective gold assets in globally significant gold mining regions of Western Australia. The drill ready Northern Zone Project is located 25km east of the major gold mining centre of Kalgoorlie, the home of the 'Super Pit' mine, the second largest gold mine in Australia, and the Jundee East Gold Project is located just ~9km east of Northern Star's Jundee Gold Mine, one of Australia's largest gold mines.
In Pakistan, it owns a coal mining lease in Thar at Block VI Project in the Thar desert in the Sindh province. The Thar Project is a 66.1 sq km licence containing 1.4 billion tonnes of coal, where with its partners China National Coal Development Company Ltd. and the private office of His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum, the company is developing a combined lignite coal mine, a 1,320MW mine mouth power plant and a coal gasification to urea project.
This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by virtue of the European (Withdrawal) Act 2018.