ACQUIISTION OF SHARES BY A DIRECTOR

RNS Number : 6325E

Oracle Power PLC

12 February 2018

 

12 February 2018

ORACLE POWER PLC

("Oracle" or the "Company" or the "Group")

ACQUIISTION OF SHARES BY A DIRECTOR

Oracle Power PLC (AIM:ORCP), the UK energy developer of a combined lignite coal mine and mine mouth power plant located in Block VI of the Thar desert in the south-east of the Sindh Province of Pakistan announces that the Chairman of its Board of Directors Mr Mark Steed has today purchased 657,500 ordinary shares of the Company on the market, in two transactions, as follows :

·     650,000 shares at a price of 1.6 pence per share, and

·     7,500 shares at a price of 1.619 pence per share

Following these transactions, Mr Steed's beneficial interest in the Company stands at 1,000,000 ordinary shares, representing 0.0946% of the issued share capital of the Company.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	MARK STEED
2	Reason for the notification
a)	Position/status	CHAIRMAN OF BOARD OF DIRECTORS
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ORACLE POWER PLC
b)	LEI	213800KTG8HX1WBCAA49
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
	Identification code	213800KTG8HX1WBCAA49
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			1.6 pence 1.619 pence	650,000 7,500
d)	Aggregated information
	- Aggregated volume	Aggregate volume: 657,500 Aggregate price: 1.6002 pence Aggregate total: POUNDS STERLING 10,521.43
	- Price
e)	Date of the transaction	12 FEBRUARY 2018
f)	Place of the transaction	London Stock Exchange's AIM Market

For further information please contact:

Oracle Power PLC Shahrukh Khan	[phone]
Brandon Hill Capital Limited Oliver Stansfield	[phone]
Peterhouse Corporate Finance Charles Goodfellow	[phone]
Grant Thornton UK LLP Salmaan Khawaja, Richard Tonthat	[phone]
Blytheweigh                                                   Tim Blythe, Camilla Horsfall, Megan Ray	[phone]
Fortbridge Consulting                                                   Matt Beale, Bill Kemmery	[phone]

 

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