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Oracle Power PLC - Exercise of Warrants

RNS Number : 7846R
Oracle Power PLC
02 July 2020
 

2 July 2020

 

Oracle Power PLC

("Oracle" or the "Company")

 

Exercise of Warrants

 

 

Oracle Power PLC (AIM:ORCP) announces that yesterday it received notices of exercise in respect of certain pre-existing warrants to subscribe for, in aggregate, 2,000,000 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") at a price of 0.25 pence per share. The exercise of these warrants amounts to an aggregate cash subscription of £5,000.

 

Application will be made to the London Stock Exchange plc for the admission of the 2,000,000 new Ordinary Shares to trading on AIM ("Admission"). Admission is expected to become effective at 8.00 a.m. on 7 July 2020.

 

On Admission, the Company will have 1,979,913,151 Ordinary Shares in issue. The Company holds no shares in treasury. Accordingly, the figure of 1,979,913,151 can be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

Further to the announcement of 29 June 2020, relating to the exercise of warrants and the issue of 100,000,000 Ordinary Shares to the private office of His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum,  the admission of these Ordinary Shares to trading on AIM is now expected to take place on 6 July 2020.

 

 

**ENDS**

 

 

For further information please contact:

Oracle Power PLC

Naheed Memon

 

+44 (0) 203 580 4314

Strand Hanson Limited (Nominated Adviser)

Rory Murphy, James Harris, Jack Botros

 

+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

 

St Brides Partners Limited (Financial PR)

Susie Geliher

Catherine Leftley

 

+44 (0) 20 7186 9952

 

 

 

+44 (0) 20 7236 1177

 

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Oracle Power PLC

Price: 0.729

Market: AIM
Market Cap: £14.43 m
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