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Pin to quick picksOracle Power Regulatory News (ORCP)

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Director Warrant Exercise

20 Dec 2021 07:00

RNS Number : 1216W
Oracle Power PLC
20 December 2021
 

20 December 2021

Oracle Power PLC

("Oracle" or the "Company") 

 

Director Warrant Exercise

 

Oracle Power PLC (AIM: ORCP) is pleased to announce that it has received notice from Naheed Memon, Chief Executive Officer, to exercise 24,000,000 warrants to subscribe for 24,000,000 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") at a price of 0.25 pence per share.

 

Application will be made to the London Stock Exchange plc for the admission of the 24,000,000 new Ordinary Shares to trading on AIM ("Admission"). Admission is expected to become effective at 8.00 a.m. on or around 23 December 2021. On Admission, Naheed Memon will hold 107,804,710 Ordinary Shares representing 4.09% of the issued share capital of the Company.

 

On Admission, the Company will have 2,636,325,712 Ordinary Shares in issue. The Company holds no shares in treasury. Accordingly, the figure of 2,636,325,712 can be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

Further to its announcement of 13 December 2021, the Company confirms that the 6,000,000 new Ordinary Shares, to be issued pursuant to Mark Steed's exercise of warrants, are now expected to admit to trading on AIM at 8.00 a.m. on or around 23 December 2021. These 6,000,000 new Ordinary Shares are included in the abovementioned total Ordinary Shares in issue following Admission, being 2,636,325,712.

 

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.

 

*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 an international natural resource and power project developer quoted on London's AIM market. The Company holds two highly prospective gold assets in two globally significant gold regions of Western Australia. The 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 ~9km east of Northern Star's Jundee Gold Mine, one of Australia's largest gold mines.

 

The Company is also active in the power industry in Pakistan and is working to establish a green hydrogen production facility in association with PowerChina. 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.

 

PDMR Disclosure

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Naheed Memon

 

2.

Reason for the notification

a.

Position/status

Chief Executive Officer

 

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

 213800WAVVOPS85N2205

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

 Exercise of Warrants

c.

Price(s) and volume(s)

£0.0025

24,000,000

d.

Aggregated information

Aggregated volume

Price

N/A, single transaction

e.

Date of the transaction

18 December 2021

f.

Place of the transaction

London Stock Exchange's AIM Market (XLON)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
IOEUKOURAAUUAUA
Date   Source Headline
27th Feb 20247:00 amRNSGeotechnical & Electrical Resistivity Survey
19th Feb 20247:00 amRNSESIA Study: Renewable Power Production Facility
6th Feb 20247:00 amRNSCompleted FS for Green Hydrogen & Ammonia Project
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30th May 20237:00 amRNSUpdate on Green Hydrogen Project Development
16th May 20237:00 amRNSMOU for 1.32 GW coal power plant – Thar Block VI
9th May 20237:00 amRNSFarm-out of Northern Zone Gold Project
27th Apr 20237:00 amRNSQ1 Update and Corporate Strategy
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7th Mar 20237:00 amRNSDirector Share Purchases
7th Mar 20237:00 amRNSStrategic MoU for Green Hydrogen Project with CET
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6th Feb 20232:00 pmRNSPrice Monitoring Extension
6th Feb 20237:00 amRNS£500,000 placing to support Green Hydrogen Project
6th Feb 20237:00 amRNSGreen Hydrogen Project Offtake MoU
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17th Nov 20227:00 amRNSAppointment of new Public Relations Adviser

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