Oracle Power PLC (AIM:ORCP), the UK energy developer of a combined lignite mineral resource and mine mouth power plant located in the Thar desert in the south-east of Sindh Province, Pakistan, is pleased to announce that it has appointed Shard Capital Limited ("Shard") as joint broker to the Company, together with existing broker, Brandon Hill Capital Limited.
Further to this, the Company announces that Peterhouse Capital Limited is no longer broker to the Company.
Mark Steed, Chairman of Oracle, said:
"Oracle is pleased to welcome Shard as an incoming broker. Their expertise and focus amongst both private clients and the small cap market should prove highly complementary to the Company's existing advisors as the Company enters into an exciting stage in the development of Oracle's flagship Block VI project in Thar."
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
+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 (Joint Broker)
+44 (0) 20 3463 5000
Shard Capital (Joint Broker)
+44 (0) 20 7186 9952
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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