11:30 Fri 13 Aug 2021
Oracle Power PLC - Conversion Notice and Total Voting Rights
Oracle Power PLC
("Oracle" or the "Company")
Conversion Notice and Total Voting Rights
Oracle Power PLC (AIM:ORCP), the international natural resources project developer, announces that it has received a conversion notice from the Investors in respect of a further
Accordingly, pursuant to the conversion, the Company will issue, in aggregate, 30,242,545 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") to the Investors (the "Investor Shares"), split equally between them.
Following the conversion,
The Investor Shares will rank pari passu in all respects with the existing Ordinary Shares. Application will be made to the London Stock Exchange plc for the admission of the Investor Shares to trading on AIM ("Admission"). It is anticipated that Admission will occur at
Total Voting Rights
Following Admission, the Company's issued share capital will comprise 2,225,764,024 Ordinary Shares. As the Company does not hold any shares in treasury, this figure of 2,225,764,024 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Unless defined herein, or the context requires otherwise, capitalised terms used in this announcement carry the same meaning as those ascribed to them in the Company's announcement of
About Oracle Power PLC:
Oracle Power PLC is an international natural resource and power project developer quoted on
The Company's initial project is the Thar Block VI Project in the Thar desert in the south-east of the Sindh province of
*ENDS*
For further information on Oracle Power Plc, visit the Company's website http://www.oraclepower.co.uk or contact:
Oracle Power PLC
Strand Hanson Limited (Nominated Adviser)
Rory Murphy, James Harris, Rob Patrick +44 (0) 20 7409 3494
Brandon Hill Capital Limited (Joint Broker)
Oliver Stansfield +44 (0) 203 463 5000
Shard Capital (Joint Broker)
Damon Heath, Isabella Pierre +44 (0) 20 7186 9952
St Brides Partners Limited (Financial PR)
Susie Geliher, Catherine Leftley +44 (0) 20 7236 1177
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 (Withdrawal) Act 2018.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...
FOR OUR FULL DISCLAIMER CLICK HERE