Oracle Power PLC - Loan Agreement with Brandon Hill Capital Limited
("Oracle" or "the Company")
Key terms of the Loan Agreement
Pursuant to the terms of the Loan Agreement,
Save for the Initial Draw Down, any subsequent draw down must be approved in advance by Brandon Hill with regard to the proposed use of proceeds for each such draw down. The proceeds from all draw downs will be applied to operational and general working capital purposes.
"We would like to thank Brandon Hill for their continued support of the Company as we look to finalise our transformational transaction with our Chinese partners. Significant progress has been made as per recent updates and we expect the funds under this Loan Agreement will be sufficient to reach Definitive Agreements with the
I look forward to providing further updates over the next few months."
Related Party Transaction
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For further information please contact:
+44 (0) 203 580 4316
+44 (0) 20 7409 3494
+44 (0)203 463 5000
Peterhouse Corporate Finance
+44 (0) 207 220 9791
Tim Blythe, Camilla Horsfall, Megan Ray
+44 (0) 207 138 3204
This information is provided by RNS, the news service of the
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Market Cap: £16.93 m
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