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Pin to quick picksOracle Power Regulatory News (ORCP)

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Result of GM & Completion Capital Reorganisation

23 Oct 2023 13:46

RNS Number : 0005R
Oracle Power PLC
23 October 2023
 

23 October 2023

 

Oracle Power PLC

("Oracle", the "Company" or the "Group")

 

Result of General Meeting

Completion of Capital Reorganisation

 

Oracle Power PLC (AIM:ORCP) is pleased to announce that at its general meeting held earlier today, all resolutions were duly passed.

 

As a result of the resolutions having been passed, shareholders have approved the Capital Reorganisation. At the Record Date of 6.00 p.m. today, each Existing Ordinary Share of 0.1 pence in the capital of the Company will be subdivided into one New Ordinary Share of 0.001 pence and one Deferred Share of 0.099 pence each. The New Ordinary Shares created upon implementation of the Capital Reorganisation will have the same rights as the Existing Ordinary Shares including voting, dividend, return of capital and other rights.

 

Admission and Total Voting Rights

Application has been made for the New Ordinary Shares and the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective in respect of the New Ordinary Shares at 8.00 a.m. on or around 24 October 2023, and that Admission will become effective in respect of the Placing Shares at 8.00 a.m. on or around 27 October 2023. The Placing Shares and the New Ordinary Shares will have the same ISIN number and SEDOL code as each existing ordinary share. The Placing Shares will rank pari passu with the New Ordinary Shares.

 

On Admission of the New Ordinary Shares, the total issued ordinary share capital of the Company will be 3,735,415,387 New Ordinary Shares, with no shares held in Treasury. On Admission of the Placing Shares, the total ordinary issued share capital of the Company will be 4,735,415,387 New Ordinary Shares, with no shares held in Treasury. Therefore, the total voting rights in the Company following Admission of both the New Ordinary Shares and the Placing Shares will be 4,735,415,387 and this figure 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.

 

Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those ascribed to them in the Company's circular to shareholders dated 5 October 2023.

 

*ENDS*

 

For further information:

Oracle Power PLC

Naheed Memon - CEO

+44 (0) 203 580 4314

Strand Hanson Limited (Nominated Adviser and Broker)

Rory Murphy, Matthew Chandler, Rob Patrick

+44 (0) 20 7409 3494

Global Investment Strategy UK Limited (Joint Broker)

Samantha Esqulant

+44 (0) 20 7048 9432

St Brides Partners Limited (Financial PR)

Susie Geliher, Isabel de Salis

+44 (0) 20 7236 1177

 

 

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END
 
 
ROMFLFSFISLVFIV
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