Oracle Power PLC Director Share Purchases (7296F)
November 09 2022 - 2:00AM
UK Regulatory
TIDMORCP
RNS Number : 7296F
Oracle Power PLC
09 November 2022
9 November 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 8 November 2022:
DIRECTOR POSITION ORDINARY PRICE PER TOTAL % ISSUED
SHARES PURCHASED ORDINARY BENEFICIAL SHARE CAPITAL
SHARE INTEREST
Non-Executive
Mark Steed Chairman 46,204 0.3 pence 24,667,440 0.801%
--------------- ------------------ ---------- ------------ ---------------
Naheed Memon CEO 405,296 0.3 pence 111,944,212 3.637%
--------------- ------------------ ---------- ------------ ---------------
Non-Executive
Andreas Migge Director 81,059 0.3 pence 9,813,145 0.319%
--------------- ------------------ ---------- ------------ ---------------
Non-Executive
David Hutchins Director 61,605 0.3 pence 713,617 0.023%
--------------- ------------------ ---------- ------------ ---------------
Further details of the Director Purchase Plan can be found in
the Company's announcement of 29 September 2022.
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 +44 (0) 203 580 4314
Strand Hanson Limited (Nominated Adviser and Broker)
Rory Murphy, James Harris, Rob Patrick +44 (0) 20 7409 3494
St Brides Partners Limited (Financial PR)
Susie Geliher, Catherine Leftley +44 (0) 20 7236 1177
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 Ordinary Shares of GBP0.001
instrument, type of instrument each
Identification code GB00B23JN426
-------------------------------- -------------------------------------------
b. Nature of the transaction Purchase of Ordinary Shares
-------------------------------- -------------------------------------------
c. Price(s) and volume(s) Director Price/share Volume
(s)
1. M Steed 0.30 pence 46,204
------------- --------
2. N Memon 0.30 pence 405,296
------------- --------
3. A Migge 0.30 pence 81,059
------------- --------
4. D Hutchins 0.30 pence 61,605
------------- --------
-------------------------------- -------------------------------------------
d. Aggregated information
* Aggregated volume 594,164
GBP0.0030 per Ordinary Share
* Price
-------------------------------- -------------------------------------------
e. Date of the transactions 8 November 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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END
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