Director Share Purchases

RNS Number : 5365K

Oracle Power PLC

06 May 2022

 

6 May 2022

Oracle Power PLC

("Oracle" or the "Company")

Director Share Purchases

Oracle Power PLC (AIM: ORCP), the international natural resources project developer, is pleased to announce that the Directors of the Company have purchased ordinary shares in the Company as part of the MAR compliant Director Share Purchase Plan ("Director Purchase Plan") as previously announced.

The following share purchases were made on 5 May 2022:

DIRECTOR	POSITION	ORDINARY SHARES PURCHASED	PRICE PER ORDINARY SHARE	TOTAL BENEFICIAL INTEREST	% ISSUED SHARE CAPITAL
Mark Steed	Non-Executive Chairman	43,307	0.33 pence	24,429,624	0.843%
Naheed Memon	CEO	379,884	0.33 pence	109,858,109	3.793%
Andreas Migge	Non-Executive Director	75,977	0.33 pence	9,395,926	0.324%
David Hutchins	Non-Executive Director	57,742	0.33 pence	396,530	0.014%

Further details of the Director Purchase Plan can be found in the Company's announcement of 12 August 2021.

This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).

*ENDS*

For further information on Oracle Power Plc, visit the Company's website http://www.oraclepower.co.uk or contact:

Oracle Power PLC

Naheed Memon - CEO    [phone]

Strand Hanson Limited (Nominated Adviser and Joint Broker)

Rory Murphy, James Harris, Rob Patrick                                                  [phone]

Shard Capital (Joint Broker)

Damon Heath, Isabella Pierre       [phone]

St Brides Partners Limited (Financial PR)

Susie Geliher, Catherine Leftley                                                             [phone]

 

Details of the full notifications received by the Company are set out below:

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	1.  Mark Steed 2.  Naheed Memon 3.  Andreas Migge 4.  David Hutchins
2.	Reason for the notification
a.	Position/status	1.  Non-Executive Chairman 2.  CEO 3.  Non-Executive Director 4.  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	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 Identification code	Ordinary Shares of 0.001 each GB00B23JN426
b.	Nature of the transaction	Purchase of Ordinary Shares
c.	Price(s) and volume(s)	Director Price/share Volume (s) 1. M Steed 0.33 pence 43,307 2. N Memon 0.33 pence 379,884 3. A Migge 0.33 pence 75,977 4. D Hutchins 0.33 pence 57,742
d.	Aggregated information -  Aggregated volume -  Price	556,910 £0.0033 per Ordinary Share
e.	Date of the transactions	5 May 2022
f.	Place of the transactions	London Stock Exchange's AIM Market (XLON)

 

About Oracle Power PLC:

Oracle Power PLC is an international natural resource and power project developer quoted on London's AIM market.  The Company holds two highly prospective gold assets in two globally significant gold regions of Western Australia.  The Northern Zone Project is located 25km east of the major gold mining centre of Kalgoorlie, the home of the 'Super Pit' mine, the second largest gold mine in Australia, and the Jundee East Gold Project is located ~9km east of Northern Star's Jundee Gold Mine, one of Australia's largest gold mines.

The Company is also active in the power industry in Pakistan and is working to establish a green hydrogen production facility in association with PowerChina.  The Company's initial project is the Thar Block VI Project in south-east Pakistan where the Company is advancing plans for a combined lignite coal mine, a 1,320MW mine mouth power plant and a proposed coal gasification to urea project.

 

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