Purchase of shares by Gupta's family

RNS Number : 1559O

OPG Power Ventures plc

05 February 2021

 

5 February  2021

OPG Power Ventures plc

("OPG" or the "Company")

Purchase of shares by Gupta's family

OPG (AIM: OPG), the developer and operator of power generation plants in India, announces that Gleneagle Trading FZE, a subsidiary of Gita Investments Limited, a company controlled by Mr Arvind Gupta, Company Chairman, and his family ("Gupta's family") have purchased 150,000 shares at 18.0 pence per share. This increases the Gupta family's shareholding in OPG to 206,642,166 ordinary shares (51.57% of total issued OPG's 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]
Russell Cook / Stephen Keys
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 / Gleneagle Trading FZE
2	Reason for the notification
a)	Position/status	PCA of Mr Arvind Gupta, 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	Purchase of Ordinary Shares
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		£0.18	150,000
d)	Aggregated information	N/A single transaction
	Aggregated volume	N/A single transaction
	Price	N/A single transaction
e)	Date of the transaction	1 February 2021
f)	Place of the transaction	AIMX

 

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