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Pin to quick picksOracle Power Regulatory News (ORCP)

Share Price Information for Oracle Power (ORCP)

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0.0575    -0.0025 (-4.17%)
Bid:
0.055
Ask:
0.06
Spread: 0.005 (9.091%)
Market Cap: £9.04m
ORCP Live PriceLast checked at - London Stock Exchange

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Statement regarding Share Price Movement

3 Jun 2016 15:34

RNS Number : 2212A
Oracle Coalfields PLC
03 June 2016
 

 

3 June 2016

Oracle Coalfields PLC

("Oracle" or "the Company")

STATEMENT REGARDING SHARE PRICE MOVEMENT

 

 

Oracle Coalfields PLC (AIM:ORCP), the UK energy developer of a combined lignite mineral resource and mine mouth power plant located in the Thar desert, in the south-east of Sindh Province, Pakistan, notes higher than normal level of trading activity in its shares. Oracle is pleased to announce that it has signed a Shareholder Framework Agreement subject to conditions precedent, whereby a consortium of new and existing Chinese partners will take 70% equity in its subsidiaries in Pakistan in order to advance the development of the project. A further announcement will be made in due course.

 

 

 

Ends

For further information:

Oracle Coalfields PLC

Shahrukh Khan

 

+44 (0)203 102 4807

Brandon Hill Capital Limited

Oliver Stansfield

 

+44 (0)203 463 5000

Peterhouse Corporate Finance

Charles Goodfellow

 

+44 (0)20 7220 9791

Grant Thornton UK LLP

Salmaan Khawaja, Richard Tonthat, Daniel Bush 

 

+44 (0) 207 373 5100

Blythe Weigh Communications

Tim Blythe, Camilla Horsfall, Megan Ray

 

+44 (0) 207 138 3204

Fortbridge Consulting

Matt Beale, Bill Kemmery

 

+44 (0)7966 389196

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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