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OPG Power Ventures (OPG)

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Wednesday 22 February, 2017

OPG Power Ventures

Directors' Shareholdings

RNS Number : 4655X
OPG Power Ventures plc
22 February 2017
 

22 February 2017

 

OPG Power Ventures plc

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

 

Directors' Shareholdings

 

The Company has been notified that Mike Grasby, Non-Executive Director, acquired 46 ordinary shares in the Company through his participation in the Company's Scrip Dividend Alternative.

 

Director

New Shares acquired pursuant to Scrip Dividend Alternative

Resultant holding following Admission

Resultant holding (% of enlarged issued share capital following Admission)

Mike Grasby (Non-Executive Director)

41

10,041

0.003%

 

The notification of Dealing Form for Mr Grasby can be found below.

 

1

Details of the person discharging managerial responsibilities / person closely associated 

a)

Name

Mike Grasby

2

Reason for the notification

a)

Position/status

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

OPG Power Ventures plc

b)

LEI

N/A

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 0.0147p each in the capital of OPG Power Ventures plc

 

 

Company ISIN: IM00B2R3RX72

b)

Nature of the transaction 

Purchase of shares under the Scrip Dividend Alternative

c)

Price(s) and volume(s)

 

 

Price(s)

 

62.80 per share

Volume(s)

 

41

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A

 

Single transaction

e)

Date of the transaction

22 February 2017

f)

Place of the transaction 

London Stock Exchange (AIM)

 

For further information, please visit www.opgpower.com or contact:

 

OPG Power Ventures PLC

Arvind Gupta / V Narayan Swami

 

 

+91 (0) 44 429 11211

OPG - Investor Relations

Ajay Paliwal / Pooja Maru

 

 

+44 (0) 20 7850 7070

Cenkos Securities (Nominated Adviser & Broker)

Stephen Keys / Camilla Hume

 

+44 (0) 20 7397 8900

 

Macquarie Capital (Europe) Limited (Joint Broker)

Raj Khatri / Nick Stamp

 

 

+44 (0) 20 3037 2000

Tavistock (Financial PR)

Simon Hudson / James Collins

 

+44 (0) 20 7920 3150

 

OPG operates and develops power generation related assets in India and at 30 September 2016 had 750 MW of assets with a further 186 MW under development or in pipeline.  In the six months ended 30 September 2016, according to its unaudited results for the period, the Company generated revenues of £118 million, EBITDA of £41 million, profit before tax of £18 million and earnings per share of 4.80 pence.

 

-ends-


This information is provided by RNS
The company news service from the London Stock Exchange
 
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