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RNS Number : 6325E
Oracle Power PLC
12 February 2018
 

12 February 2018

 

 

 

 

 

 

ORACLE POWER PLC

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

 

 

ACQUIISTION OF SHARES BY A DIRECTOR

 

  

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 657,500 ordinary shares of the Company on the market, in two transactions, as follows :

·     650,000 shares at a price of 1.6 pence per share, and

·     7,500 shares at a price of 1.619 pence per share

Following these transactions, Mr Steed's beneficial interest in the Company stands at 1,000,000 ordinary shares, representing 0.0946% 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

213800KTG8HX1WBCAA49



b)

 

Nature of the transaction

Purchase of shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




1.6 pence

1.619 pence

650,000

7,500

 

 






d)

 

Aggregated information




- Aggregated volume

Aggregate volume: 657,500

Aggregate price: 1.6002 pence

Aggregate total: POUNDS STERLING 10,521.43



- Price




e)

 

Date of the transaction

12 FEBRUARY 2018

f)

 

Place of the transaction

 

London Stock Exchange's AIM Market

 

 

 

 

 

For further information please contact:

 

Oracle Power PLC

Shahrukh Khan

 

+44 (0) 203 580 4314

Brandon Hill Capital Limited

Oliver Stansfield

 

+44 (0)203 463 5000

Peterhouse Corporate Finance

Charles Goodfellow

 

+44 (0) 207 220 9791

Grant Thornton UK LLP

Salmaan Khawaja, Richard Tonthat 

 

+44 (0) 207 383 5100

Blytheweigh                                                  

Tim Blythe, Camilla Horsfall, Megan Ray 

 

+44 (0) 207 138 3204

Fortbridge Consulting                                                  

Matt Beale, Bill Kemmery

+44 (0)7966 389196

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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