22 Dec 2017 08:30
22 December 2017
OPG Power Ventures plc
("OPG", the "Group" or the "Company")
Directors' Shareholdings
The Company has been notified that Arvind Gupta, Executive Chairman and Mike Grasby, Non-Executive Director, acquired 4,714,129 and 277 ordinary shares respectively in the Company through their participation in the Company's Scrip Dividend Alternative.
Director | New Shares acquired pursuant to Scrip Dividend Alternative | Resultant holding following Admission | Resultant holding (% of enlarged issued share capital following Admission) |
Arvind Gupta (Executive Chairman) | 4,714,129 | 183,600,557 | 51.529% |
Mike Grasby (Non-Executive Director) | 277 | 10,318 | 0.003% |
The notification of Dealing Forms for Mr Gupta and Mr Grasby can be found below.
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them:
1
| Details of the person discharging managerial responsibilities / person closely associated
| |
a)
| Name
| Arvind Gupta
|
2
| Reason for the notification
| |
a)
| Position/status
| Executive Chairman |
b)
| Initial notification /Amendment
| Initial notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |
a)
| Name
| OPG Power Ventures plc |
b)
| LEI
| 213800MLM7O87QIGIK85
|
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 0.0147p each in the capital of OPG Power Ventures plc
Company ISIN: IM00B2R3RX72
|
b)
| Nature of the transaction
| Purchase of shares under the Scrip Dividend Alternative |
c)
| Price(s) and volume(s)
| Price(s) 26.023 pence per share Volume(s) 4,714,129
|
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A
Single transaction
|
e)
| Date of the transaction
| 22 December 2017 |
f)
| Place of the transaction
| London Stock Exchange (AIM) |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |
a)
| Name
| Mike Grasby
|
2
| Reason for the notification
| |
a)
| Position/status
| 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
| OPG Power Ventures plc |
b)
| LEI
| 213800MLM7O87QIGIK85
|
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 0.0147p each in the capital of OPG Power Ventures plc
Company ISIN: IM00B2R3RX72
|
b)
| Nature of the transaction
| Purchase of shares under the Scrip Dividend Alternative |
c)
| Price(s) and volume(s)
| Price(s) 26.023 pence per share Volume(s) 277
|
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A
Single transaction
|
e)
| Date of the transaction
| 22 December 2017 |
f)
| Place of the transaction
| London Stock Exchange (AIM) |
For further information, please visit www.opgpower.com or contact:
OPG Power Ventures PLC Arvind Gupta / V Narayan Swami
|
+91 (0) 44 429 11211 |
OPG - Investor Relations Ajay Paliwal / Pooja Maru
|
+44 (0) 20 7850 7070 |
Cenkos Securities (Nominated Adviser & Broker) Stephen Keys / Camilla Hume |
+44 (0) 20 7397 8900
|
Macquarie Capital (Europe) Limited (Joint Broker) Raj Khatri / Nick Stamp
|
+44 (0) 20 3037 2000 |
Tavistock (Financial PR) Simon Hudson / James Collins |
+44 (0) 20 7920 3150 |
-ends-
Opg Power (OPG)