Last checked at 7 Jul 2022 07:00
7 July 2022
Oracle Power PLC
("Oracle" or the "Company")
Director Share Purchases
Oracle Power PLC (AIM: ORCP), the international natural resources project developer, is pleased to announce that the Directors of the Company have purchased ordinary shares in the Company as part of the MAR compliant Director Share Purchase Plan ("Director Purchase Plan") as previously announced.
The following share purchases were made on 6 July 2022:
DIRECTOR | POSITION | ORDINARY SHARES PURCHASED | PRICE PER ORDINARY SHARE | TOTAL BENEFICIAL INTEREST | % ISSUED SHARE CAPITAL |
Mark Steed | Non-Executive Chairman | 49,535 | 0.27 pence | 24,522,475 | 0.847% |
Naheed Memon | CEO | 434,516 | 0.27 pence | 110,672,591 | 3.821% |
Andreas Migge | Non-Executive Director | 86,903 | 0.27 pence | 9,558,822 | 0.330% |
David Hutchins | Non-Executive Director | 66,046
| 0.27 pence | 520,331 | 0.018% |
Further details of the Director Purchase Plan can be found in the Company's announcement of 12 August 2021.
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 Union (Withdrawal) Act 2018 (as amended).
*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 and Joint Broker)
Rory Murphy, James Harris, Rob Patrick +44 (0) 20 7409 3494
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
Details of the full notifications received by the Company are set out below:
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||||||
a. | Name | 1. Mark Steed 2. Naheed Memon 3. Andreas Migge 4. David Hutchins | |||||||||||||||
2. | Reason for the notification | ||||||||||||||||
a. | Position/status | 1. Non-Executive Chairman 2. CEO 3. Non-Executive Director 4. 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 | 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 Identification code | Ordinary Shares of £0.001 each GB00B23JN426
| |||||||||||||||
b. | Nature of the transaction | Purchase of Ordinary Shares | |||||||||||||||
c. | Price(s) and volume(s) |
| |||||||||||||||
d. | Aggregated information - Aggregated volume - Price |
637,000 £0.0027 per Ordinary Share | |||||||||||||||
e. | Date of the transactions | 6 July 2022 | |||||||||||||||
f. | Place of the transactions | London Stock Exchange's AIM Market (XLON) | |||||||||||||||
About Oracle Power PLC:
Oracle Power PLC is an international natural resource and power project developer quoted on London's AIM market. The Company currently has two areas of focus: Western Australia and Pakistan. In Australia, its primary focus is the Northern Zone Gold Project, 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. Northern Zone has a current Exploration Target of 200-250Mt at 0.4-0.6g/t Au for between 2.5 - 4.8Moz gold, with drilling being planned to define a maiden inferred JORC resource.
The Company is also active in the power industry in Pakistan and is working to establish a green hydrogen production facility through Oracle Energy Limited, a joint venture with His Highness Shaikh Ahmed Dalmook Al Maktoum. The Company's initial project is the Thar Block VI Project in south-east Pakistan where the Company is advancing plans for a combined lignite coal mine, a 1,320MW mine mouth power plant and a proposed coal gasification to urea project.