Update re Subscription

RNS Number : 4678H

Oracle Power PLC

15 November 2018

 

15 November 2018

Oracle Power PLC

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

Update re Subscription

Oracle Power PLC (AIM:ORCP), the UK energy developer of a combined lignite mineral resource and mine mouth power plant located in the Thar desert in the south-east of Sindh Province, Pakistan, announces that, further to its announcement of 18 September 2018, it has received the outstanding balance of subscription funds of £85,000 from the two relevant subscribers. Accordingly, the Company has sufficient working capital into Q1 2019.

For further information:

Oracle Power PLC Shahrukh Khan	[phone]
Stand Hanson Limited (Nominated Adviser) Rory Murphy, Jack Botros	[phone]
Brandon Hill Capital Limited Oliver Stansfield	[phone]
Peterhouse Corporate Finance Charles Goodfellow	[phone]
Blytheweigh                                                   Tim Blythe, Camilla Horsfall, Megan Ray	[phone]
Fortbridge                                                 Matt Beale, Bill Kemmery	[phone]

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

 

END

 

 

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