Oracle Power PLC (LON:ORCP)

Oracle Power PLC (LON:ORCP)


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Oracle Power PLC RNS Release

Director Dealing


RNS Number : 4747R
Oracle Power PLC
28 February 2019
 

28 February 2019

 

 

ORACLE POWER PLC

("Oracle" or the "Company" or the "Group")

 

 

Director Dealing

 

  

Oracle Power PLC (AIM:ORCP), the UK energy developer of a combined lignite coal mine and mine mouth power plant located in Block VI of the Thar desert in the south-east of the Sindh Province of Pakistan announces that the Chairman of its Board of Directors, Mr Mark Steed, has today purchased, on market, 1,100,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), at a price of 0.504 pence per share.

 

Following these transactions, Mr Steed's beneficial interest in the Company stands at 2,100,000 Ordinary Shares, representing approximately 0.1667% of the issued share capital of the Company.

 

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

MARK STEED

 

2

 

Reason for the notification

 

a)

 

Position/status

 

CHAIRMAN OF BOARD OF DIRECTORS

 

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 instrument, type of instrument

ORDINARY SHARES

 

 

Identification code

GB00B23JN426

 

 

b)

 

Nature of the transaction

Purchase of shares

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

0.504 pence

1,100,000

 

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

 

Aggregate volume: 1,100,000

Aggregate price: 0.504 pence

Aggregate total: £5,544.00

 

 

 

 

 

 

e)

 

Date of the transaction

28 FEBRUARY 2019

f)

 

Place of the transaction

 

London Stock Exchange's AIM Market

 

 

 

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

Oliver Stansfield

+44 (0) 203 463 5000

Peterhouse Corporate Finance

Charles Goodfellow

+44 (0) 207 220 9791

Blytheweigh                                                  

Tim Blythe, Camilla Horsfall, Megan Ray

+44 (0) 207 138 3204

 


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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