Director/PDMR Shareholding

RNS Number : 5264E

OPG Power Ventures plc

11 March 2022

 

11 March 2022

OPG Power Ventures plc

("OPG" or the "Company")

Director/PDMR Shareholding

OPG (AIM: OPG), the developer and operator of power generation plants in India, announces that three companies controlled by Gupta's family has sold 8,903,617 shares at 6.5 pence per share and another company controlled by Gupta's family has purchased 8,903,617 shares at 6.75 pence per share. As a result of these transactions the Gupta family's shareholding in OPG remains unchanged at 206,432,166 ordinary shares (representing 51.51% of OPG's total issued share capital).

For further information, please visit www.opgpower.com or contact:

OPG Power Ventures PLC	[phone]
Dmitri Tsvetkov
Cenkos Securities plc (Nominated Adviser & Broker)	[phone]
Stephen Keys / Katy Birkin
Tavistock (Financial PR)	[phone]
Simon Hudson / Nick Elwes

The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Arvind Gupta, PCA with Dhanvarsha Enterprises and Investments Private Limited
2	Reason for the notification
a)	Position/status	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	Ordinary shares of 0.0147p each
	Identification code	IM00B2R3RX72
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		£0.065	2,269,085
d)	Aggregated information	N/A single transaction
	Aggregated volume	N/A single transaction
	Price	N/A single transaction
e)	Date of the transaction	7 March 2022
f)	Place of the transaction	AIMX

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Arvind Gupta, PCA with  Goodfaith Vinimay Private Limited
2	Reason for the notification
a)	Position/status	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	Ordinary shares of 0.0147p each
	Identification code	IM00B2R3RX72
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		£0.065	2,839,085
d)	Aggregated information	N/A single transaction
	Aggregated volume	N/A single transaction
	Price	N/A single transaction
e)	Date of the transaction	7 March 2022
f)	Place of the transaction	AIMX

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Arvind Gupta, PCA with  Sri Hari Vallabhaa Enterprises & Investments Private Limited
2	Reason for the notification
a)	Position/status	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	Ordinary shares of 0.0147p each
	Identification code	IM00B2R3RX72
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		£0.065	3,795,447
d)	Aggregated information	N/A single transaction
	Aggregated volume	N/A single transaction
	Price	N/A single transaction
e)	Date of the transaction	7 March 2022
f)	Place of the transaction	AIMX

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ms Avantika Gupta, PCA with  Gleneagle Trading FZE
2	Reason for the notification
a)	Position/status	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	Ordinary shares of 0.0147p each
	Identification code	IM00B2R3RX72
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		£0.0675	8,903,617
d)	Aggregated information	N/A single transaction
	Aggregated volume	N/A single transaction
	Price	N/A single transaction
e)	Date of the transaction	7 March 2022
f)	Place of the transaction	AIMX

 

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