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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Oracle Power Plc | LSE:ORCP | London | Ordinary Share | GB00B23JN426 | ORD 0.001P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.0063 | 25.00% | 0.0315 | 0.03 | 0.033 | 0.0325 | 0.0275 | 0.0275 | 34,706,528 | 12:30:39 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Coal Mining Services | 0 | -1.29M | -0.0003 | -1.00 | 1.12M |
TIDMORCP
RNS Number : 6867K
Oracle Power PLC
06 January 2021
Oracle Power PLC
("Oracle", the "Company" or the "Group")
Conversion Notice
and
Total voting rights
Oracle (AIM: ORCP), the AIM listed natural resources and power project developer, 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 will issue, in aggregate, 21,820,720 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") to the Investors (the "Investor Shares").
Following the conversion, GBP700,000 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 AIM on or around 12 January 2021 ("Admission").
Following Admission, the Company's issued share capital will comprise 2,168,682,937 Ordinary Shares. As the Company does not hold any shares in treasury, this figure of 2,168,682,937 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 in, 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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(END) Dow Jones Newswires
January 06, 2021 02:00 ET (07:00 GMT)
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