OPG Power Ventures plc Directors' Shareholdings (4655X)

TIDMOPG

RNS Number : 4655X

OPG Power Ventures plc

22 February 2017

22 February 2017

OPG Power Ventures plc

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

Directors' Shareholdings

The Company has been notified that Mike Grasby, Non-Executive Director, acquired 46 ordinary shares in the Company through his participation in the Company's Scrip Dividend Alternative.

 
 Director                      New Shares     Resultant    Resultant 
                                acquired       holding      holding 
                                pursuant       following    (% of 
                                to Scrip       Admission    enlarged 
                                Dividend                    issued 
                                Alternative                 share 
                                                            capital 
                                                            following 
                                                            Admission) 
----------------------------  -------------  -----------  ------------ 
 Mike Grasby (Non-Executive 
  Director)                              41       10,041        0.003% 
----------------------------  -------------  -----------  ------------ 
 

The notification of Dealing Form for Mr Grasby can be found below.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------ 
 a)   Name                      Mike Grasby 
---  ------------------------  ---------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------ 
 a)   Position/status           Non-Executive Director 
---  ------------------------  ---------------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------ 
 a)   Name                      OPG Power Ventures plc 
---  ------------------------  ---------------------------------- 
 b)   LEI                       N/A 
---  ------------------------  ---------------------------------- 
 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            Ordinary shares of 0.0147p 
       the financial             each in the capital of OPG 
       instrument, type          Power Ventures plc 
       of instrument 
 
       Identification            Company ISIN: IM00B2R3RX72 
       code 
---  ------------------------  ---------------------------------- 
 b)   Nature of the             Purchase of shares under 
       transaction               the Scrip Dividend Alternative 
---  ------------------------  ---------------------------------- 
 c)   Price(s) and              Price(s)              Volume(s) 
       volume(s) 
                                 62.80 per share       41 
---  ------------------------  ---------------------  ----------- 
 d)   Aggregated information 
 
       - Aggregated               N/A 
       volume 
                                  Single transaction 
       - Price 
---  ------------------------  ---------------------------------- 
 e)   Date of the transaction   22 February 2017 
---  ------------------------  ---------------------------------- 
 f)   Place of the              London Stock Exchange (AIM) 
       transaction 
---  ------------------------  ---------------------------------- 
 

For further information, please visit www.opgpower.com or contact:

 
 OPG Power Ventures PLC 
  Arvind Gupta / V Narayan           [phone] 
  Swami                                       11211 
 
 OPG - Investor Relations           [phone] 
  Ajay Paliwal / Pooja Maru                    7070 
 Cenkos Securities (Nominated 
  Adviser & Broker)                 [phone] 
  Stephen Keys / Camilla Hume                  8900 
 Macquarie Capital (Europe) 
  Limited (Joint Broker)            [phone] 
  Raj Khatri / Nick Stamp                      2000 
 
 Tavistock (Financial PR)           [phone] 
  Simon Hudson / James Collins                 3150 
 

OPG operates and develops power generation related assets in India and at 30 September 2016 had 750 MW of assets with a further 186 MW under development or in pipeline. In the six months ended 30 September 2016, according to its unaudited results for the period, the Company generated revenues of GBP118 million, EBITDA of GBP41 million, profit before tax of GBP18 million and earnings per share of 4.80 pence.

-ends-

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 22, 2017 03:30 ET (08:30 GMT)