Director/PDMR Shareholding

RNS Number : 1334A

OPG Power Ventures plc

22 December 2017

 

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	[phone]
OPG - Investor Relations Ajay Paliwal / Pooja Maru	[phone]
Cenkos Securities (Nominated Adviser & Broker) Stephen Keys / Camilla Hume	[phone]
Macquarie Capital (Europe) Limited (Joint Broker) Raj Khatri / Nick Stamp	[phone]
Tavistock (Financial PR) Simon Hudson / James Collins	[phone]

-ends-

 

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