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RNS Number : 9307Q
Oracle Power PLC
03 March 2021
 

3 March 2021

 



Oracle Power PLC

("Oracle" or the "Company")

Board Appointment

 

Oracle Power Plc (AIM: ORCP) is pleased to announce the appointment of Mr David Hutchins to its Board of Directors ("Board") as a Non-Executive Director with immediate effect.

 

Mr Hutchins is a highly experienced corporate mining and commodities professional with more than 30 years in the industry.  During his career he has held several executive roles for both listed and private companies. Mr Hutchins is currently the Chair of the FTSE Gold Mines Index Committee.

 

Most notably, Mr Hutchins has held a range of senior roles within fund management, including various senior positions at M&G Group. In addition, he was a Fund Manager of Resources Investment Trust plc and later a Director and Fund Manager of Global Resources Investment Trust Plc, both listed on the London Stock Exchange.  He was also a Director and Founder of www.minesite.com, a mining industry specific news website which is now part of Master Investor.  He currently sits on the Board of Wishbone Gold Plc (AIM: WSBN), a gold specialist company operating in exploration, mining and bullion trading, which, like Oracle, has gold exploration projects in Australia.

 

Naheed Memon, Chief Executive Officer of Oracle, commented:

 

"On behalf of the Board, I am very pleased to welcome David to Oracle. His extensive understanding of, and career in, the natural resources sector will be of significant value to Oracle as we continue to develop and expand our portfolio to become an international power and natural resource project developer. As we look to advance our Western Australian gold assets, we expect his proficiency in the sector to prove a particular asset to the Company, adding to the existing knowledge already within Oracle."

 

Further information as required by the AIM Rules for Companies is as follows:

 

David James Hutchins, aged 60, is, or has been, a director or partners of the following companies or partnerships during the past five years:

 

Former directorships and/or partnerships (within the last five years)

Global Resources Investment Trust Plc

RDP Fund Management LLP

Resources Development Partners Limited

Global Resources International Limited

Robdale Investments Limited

Aresa Investments Limited

Endstone Capital Limited

 

Current directorships and/or partnerships

Wishbone Gold Plc

Henley Resources Limited

Mineral Developments Limited

 

Mr Hutchins does not hold any interest in, or over, the Company's ordinary shares.

 

There is no further information to be disclosed in respect of the above appointment pursuant to paragraph (g) of Schedule 2 of the AIM Rules for Companies.

 

 

**ENDS**

 

 

For further information please contact:

Oracle Power PLC

Naheed Memon

 

+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 (Joint Broker)

Oliver Stansfield

 

+44 (0) 203 463 5000

Shard Capital (Joint Broker)

Damon Heath

Isabella Pierre

 

St Brides Partners Limited (Financial PR)

Susie Geliher

Catherine Leftley

 

+44 (0) 20 7186 9952

 

 

 

+44 (0) 20 7236 1177

 

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

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