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Drawdown under Loan Agreement

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RNS Number : 0107F
Oracle Power PLC
10 July 2019
 

 

10 July 2019

Oracle Power PLC

("Oracle" or "the Company")

 

Drawdown under Loan Agreement

 

 

Oracle Power PLC (AIM:ORCP), the UK energy developer of a combined lignite coal mine and mine mouth power plant located in the south-eastern Sindh Province of Pakistan (Thar Block VI), today advises that the Company has received a further tranche of £50,000 from Brandon Hill Capital Limited, the second amount drawn down under the loan agreement that was announced on 30 May 2019.  The total amount drawn down under this arrangement now totals £100,000. 

 

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:

 

Oracle Power PLC

Naheed Memon

 

+44 (0) 20 3580 4316

Strand Hanson Limited (Nominated Adviser)

Rory Murphy, James Harris, Jack Botros

 

+44 (0) 20 7409 3494

Brandon Hill Capital Limited

Oliver Stansfield

 

+44 (0) 20 3463 5000

Peterhouse Corporate Finance

Charles Goodfellow

 

+44 (0) 20 7220 9791

Blytheweigh                                                  

Tim Blythe, Camilla Horsfall, Megan Ray

 

+44 (0) 20 7138 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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