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RNS Number : 7351F
Oracle Power PLC
16 July 2019
 

16 July 2019

 



Oracle Power PLC

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

 

Results of AGM

 

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, announces today that it has held its Annual General Meeting (the "AGM").

 

The Company advises that, further to its announcement earlier today, resolution 4 was withdrawn from the business of the AGM.

 

The Directors of the Company confirm that all resolutions put to shareholders at the AGM were duly passed.

 

At the AGM, Naheed Memon, CEO of Oracle, gave a short presentation to shareholders, which included a statement that the Company expects Financial Close to occur in the second half of 2020, which updates the previous expectation of Q4 2019.

 


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 (Joint Broker)

Oliver Stansfield

 

+44 (0) 20 3463 5000

Peterhouse Corporate Finance (Joint Broker)

Charles Goodfellow

 

+44 (0) 20 7220 9791

 

 

 


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