Directors' Shareholdings

RNS Number : 4655X

OPG Power Ventures plc

22 February 2017

 

22 February 2017

OPG Power Ventures plc

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

Directors' Shareholdings

The Company has been notified that Mike Grasby, Non-Executive Director, acquired 46 ordinary shares in the Company through his 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)
Mike Grasby (Non-Executive Director)	41	10,041	0.003%

The notification of Dealing Form for Mr Grasby can be found below.

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	N/A
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) 62.80 per share	Volume(s) 41
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	22 February 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]

OPG operates and develops power generation related assets in India and at 30 September 2016 had 750 MW of assets with a further 186 MW under development or in pipeline.  In the six months ended 30 September 2016, according to its unaudited results for the period, the Company generated revenues of £118 million, EBITDA of £41 million, profit before tax of £18 million and earnings per share of 4.80 pence.

-ends-

 

END

 

 

DSHOKDDQQBKDKBB