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Share Name Share Symbol Market Type Share ISIN Share Description
Oracle Power Plc LSE:ORCP London Ordinary Share GB00B23JN426 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.625 0.60 0.65 0.625 0.625 0.625 5,873,076 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.1 -0.1 - 13

Oracle Power PLC Conversion Notice & Issue of Equity

14/09/2020 5:30pm

UK Regulatory (RNS & others)


Oracle Power (LSE:ORCP)
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RNS Number : 9531Y

Oracle Power PLC

14 September 2020

Oracle Power PLC

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

Conversion notice and issue of equity

Total voting rights

Oracle (AIM: ORCP) announces that it has received a conversion notice from the Investors in respect of a further GBP100,000 of the GBP1.5 million Share Subscription announced on the 9 July 2020.

Accordingly, pursuant to the conversion, the Company has issued, in aggregate, 15,684,798 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") to the Investors (the "Investor Shares").

Following the conversion, GBP0.9 million remains outstanding for conversion under the Share Subscription.

The Investor Shares will rank pari passu in all respects with the existing Ordinary Shares. Application will be made to the London Stock Exchange plc for the admission of the Investor Shares to trading on AIM ("Admission"). It is anticipated that Admission will occur at 8.00 a.m. on or around 18 September 2020 ("Admission").

Following Admission, the Company's issued share capital will comprise 2,085,563,396 Ordinary Shares. As the Company does not hold any shares in treasury, this figure of 2,085,563,396 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change in their interest, in the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Unless defined herein, or the context requires otherwise, capitalised terms used in this announcement carry the same meaning as those ascribed to them in the Company's announcement of 9 July 2020.

*ENDS*

For further information:

 
 Oracle Power PLC                               +44 (0) 203 580 
  Naheed Memon                                   4314 
 Strand Hanson Limited (Nominated Adviser)      +44 (0) 20 7409 
  Rory Murphy, James Harris, Jack Botros         3494 
 Brandon Hill Capital Limited (Joint Broker)    +44 (0) 203 463 
  Oliver Stansfield                              5000 
 Shard Capital (Joint Broker) 
  Damon Heath 
  Isabella Pierre 
  St Brides Partners Limited (Financial         +44 (0) 20 7186 
  PR)                                            9952 
  Susie Geliher                                  +44 (0) 20 7236 
  Catherine Leftley                              1177 
 

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END

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September 14, 2020 12:30 ET (16:30 GMT)

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