Director Dealing

RNS Number : 4747R

Oracle Power PLC

28 February 2019

 

28 February 2019

ORACLE POWER PLC

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

Director Dealing

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, on market, 1,100,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), at a price of 0.504 pence per share.

Following these transactions, Mr Steed's beneficial interest in the Company stands at 2,100,000 Ordinary Shares, representing approximately 0.1667% 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	GB00B23JN426
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.504 pence	1,100,000
d)	Aggregated information
		Aggregate volume: 1,100,000 Aggregate price: 0.504 pence Aggregate total: £5,544.00
e)	Date of the transaction	28 FEBRUARY 2019
f)	Place of the transaction	London Stock Exchange's AIM Market

For further information please contact:

Oracle Power PLC Naheed Memon	[phone]
Strand Hanson Limited (Nominated Adviser) Rory Murphy, James Harris, Jack Botros	[phone]
Brandon Hill Capital Limited Oliver Stansfield	[phone]
Peterhouse Corporate Finance Charles Goodfellow	[phone]
Blytheweigh                                                   Tim Blythe, Camilla Horsfall, Megan Ray	[phone]

 

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