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
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
CHAIRMAN OF BOARD OF DIRECTORS
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
ORACLE POWER PLC
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
Description of the financial instrument, type of instrument
Nature of the transaction
Purchase of shares
Price(s) and volume(s)
Aggregate volume: 1,100,000
Aggregate price: 0.504 pence
Aggregate total: £5,544.00
Date of the transaction
28 FEBRUARY 2019
Place of the transaction
London Stock Exchange's AIM Market
For further information please contact:
Oracle Power PLC
+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
+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 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.
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