Oracle Power PLC Director Share Purchases (0756S)
07 Mars 2023 - 8:00AM
UK Regulatory
TIDMORCP
RNS Number : 0756S
Oracle Power PLC
07 March 2023
7 March 2023
Oracle Power PLC
("Oracle" or the "Company")
Director share purchases
Oracle Power PLC (AIM: ORCP), a developer of green hydrogen, is
pleased to announce that the Directors of the Company have
purchased ordinary shares in the Company as part of the MAR
compliant Director Share Purchase Plan ("Director Purchase Plan")
as previously announced.
The following share purchases were made on 6 March 2023:
DIRECTOR POSITION ORDINARY PRICE PER TOTAL % ISSUED
SHARES PURCHASED ORDINARY BENEFICIAL SHARE CAPITAL
SHARE INTEREST
Non-Executive
Mark Steed Chairman 78,856 0.175 pence 24,935,520 0.739%
--------------- ------------------ ------------ ------------ ---------------
Naheed Memon CEO 691,717 0.175 pence 114,295,788 3.389%
--------------- ------------------ ------------ ------------ ---------------
Non-Executive
David Hutchins Director 105,141 0.175 pence 1,071,056 0.032%
--------------- ------------------ ------------ ------------ ---------------
Further details of the Director Purchase Plan can be found in
the Company's announcement of 29 September 2022.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation No. 596/2014, which forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018 (as amended).
*ENDS*
For further information on Oracle Power PLC, visit the Company's
website http://www.oraclepower.co.uk or contact:
Oracle Power PLC
Naheed Memon - CEO +44 (0) 203 580 4314
Strand Hanson Limited (Nominated Adviser and Broker)
Rory Murphy, Matthew Chandler, Rob Patrick +44 (0) 20 7409 3494
Buchanan (Financial PR)
Bobby Morse/Oonagh Reidy/Abigail Gilchrist +44 (0) 203 7466
5000
Details of the full notifications received by the Company are
set out below:
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name 1. Mark Steed
2. Naheed Memon
3. David Hutchins
-------------------------------- -------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a. Position/status 1. Non-Executive Chairman
2. CEO
3. Non-Executive Director
-------------------------------- -------------------------------------------
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 Ordinary Shares of GBP0.001
instrument, type of instrument each
Identification code GB00B23JN426
-------------------------------- -------------------------------------------
b. Nature of the transaction Purchase of Ordinary Shares
-------------------------------- -------------------------------------------
c. Price(s) and volume(s) Director Price/share Volume
(s)
1. M Steed 0.175 pence 78,856
------------- --------
2. N Memon 0.175 pence 691,717
------------- --------
3. D Hutchins 0.175 pence 105,141
------------- --------
-------------------------------- -------------------------------------------
d. Aggregated information
* Aggregated volume 875,714
GBP0.00175 per Ordinary Share
* Price
-------------------------------- -------------------------------------------
e. Date of the transactions 6 March 2023
-------------------------------- -------------------------------------------
f. Place of the transactions London Stock Exchange's AIM
Market (XLON)
-------------------------------- -------------------------------------------
About Oracle Power PLC
Oracle Power PLC is an international natural resource and power
project developer quoted on London's AIM market. The Company
currently has two areas of focus: Western Australia and Pakistan.
The Company is active in the energy industry in Pakistan and is
working to establish a green hydrogen production facility through
Oracle Energy Limited, a joint venture with His Highness Sheikh
Ahmed Dalmook Al Maktoum.
Oracle Energy Limited has been set up as the project development
company and is funded on a 70:30 basis by Kaheel Energy (100% owned
by His Highness Sheikh Ahmed Dalmook Al Maktoum) and Oracle Power
PLC respectively. The project development company provides a
vehicle to support the accelerated development of the green
hydrogen project to meet the growing international and domestic
demand of green hydrogen and clean energy.
The Company also continues to advance towards the development of
its Thar Block VI Project in south-east Pakistan into a mine, a
power plant and a proposed coal gasification project.
In Australia, its primary focus is the Northern Zone Gold
Project, located 25km east of the major gold mining centre of
Kalgoorlie, the home of the 'Super Pit' mine, the second largest
gold mine in Australia. Northern Zone has a current Exploration
Target of 200-250Mt at 0.4-0.6g/t Au for between 2.5 - 4.8Moz gold,
with drilling being planned to define a maiden inferred JORC
resource.
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END
DSHUNUAROAUORUR
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