Last checked at 17 Feb 2021 07:00
17 February 2021
Oracle Power PLC
("Oracle", the "Company")
Exercise of Warrants
Oracle Power PLC (AIM:ORCP), the AIM listed natural resources and power project developer, announces that it has received a notice of exercise in respect of certain pre-existing warrants to subscribe for, in aggregate, 6,000,000 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") at a price of 0.25 pence per share. The exercise of these warrants amounts to an aggregate cash subscription of £15,000.
Application will be made to the London Stock Exchange plc for the admission of the 6,000,000 new Ordinary Shares to trading on AIM ("Admission"). Admission is expected to become effective at 8.00 a.m. on 22 February 2021.
Following Admission, the Company's issued share capital will comprise 2,174,682,937 Ordinary Shares. As the Company does not hold any shares in treasury, this figure of 2,174,682,937 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
*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 | +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 (Joint Broker) Oliver Stansfield | +44 (0) 203 463 5000 |
Shard Capital (Joint Broker) Damon Heath Isabella Pierre
St Brides Partners Limited (Financial PR) Susie Geliher Catherine Leftley | +44 (0) 20 7186 9952
+44 (0) 20 7236 1177 |