Oracle Power PLC Director Dealing (4747R)

TIDMORCP

RNS Number : 4747R

Oracle Power PLC

28 February 2019

28 February 2019

ORACLE POWER PLC

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

Director Dealing

Oracle Power PLC (AIM:ORCP), the UK energy developer of a combined lignite coal mine and mine mouth power plant located in Block VI of the Thar desert in the south-east of the Sindh Province of Pakistan announces that the Chairman of its Board of Directors, Mr Mark Steed, has today purchased, on market, 1,100,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), at a price of 0.504 pence per share.

Following these transactions, Mr Steed's beneficial interest in the Company stands at 2,100,000 Ordinary Shares, representing approximately 0.1667% of the issued share capital of the Company.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                   MARK STEED 
      -------------------------------------  ----------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------------- 
 a)    Position/status                        CHAIRMAN OF BOARD OF DIRECTORS 
      -------------------------------------  ----------------------------------------- 
 b)    Initial notification                   INITIAL NOTIFICATION 
        /Amendment 
      -------------------------------------  ----------------------------------------- 
 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                     ORDINARY SHARES 
        financial instrument, 
        type of instrument 
 
       Identification code                    GB00B23JN426 
 
 b)    Nature of the transaction              Purchase of shares 
      -------------------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s) 
                                              ---------------------  --------------- 
                                               Price(s)               Volume(s) 
                                              ---------------------  --------------- 
    0.504 pence                                                       1,100,000 
   ----------------------------------------------------------------  --------------- 
 
 d)    Aggregated information 
 
   Aggregate volume: 1,100,000 
    Aggregate price: 0.504 pence 
    Aggregate total: GBP5,544.00 
 
 
 
 e)    Date of the transaction                28 FEBRUARY 2019 
      -------------------------------------  ----------------------------------------- 
 f)    Place of the transaction               London Stock Exchange's AIM Market 
      -------------------------------------  ----------------------------------------- 
 

For further information please contact:

 
 Oracle Power PLC                             [phone] 
  Naheed Memon                                 4314 
 Strand Hanson Limited (Nominated Adviser)     [phone] 
  Rory Murphy, James Harris, Jack Botros        3494 
 Brandon Hill Capital Limited                 [phone] 
  Oliver Stansfield                            5000 
 Peterhouse Corporate Finance                 [phone] 
  Charles Goodfellow                           9791 
 Blytheweigh                                  [phone] 
  Tim Blythe, Camilla Horsfall, Megan Ray      3204 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

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February 28, 2019 09:15 ET (14:15 GMT)