3 March 2021
Oracle Power PLC
("Oracle" or the "Company")
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.
For further information please contact:
Oracle Power PLC
+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)
+44 (0) 203 463 5000
Shard Capital (Joint Broker)
St Brides Partners Limited (Financial PR)
+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.