Oracle Power PLC Exercise of warrants and issue of equity (9769F)

TIDMORCP

RNS Number : 9769F

Oracle Power PLC

12 March 2020

12 March 2020

Oracle Power PLC

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

Exercise of warrants and issue of equity

Oracle Power PLC (AIM:ORCP) announces that it has received a notice of exercise in respect of certain pre-existing warrants to subscribe for, in aggregate, 29,000,000 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") at a price of 0.25 pence per share. The exercise of these warrants amounts to an aggregate cash subscription of GBP72,500.

Application will be made to the London Stock Exchange plc for the admission of the 29,000,000 new Ordinary Shares to trading on AIM ("Admission"). Admission is expected to become effective at 8.00 a.m. on 18 March 2020.

On Admission, the Company will have 1,868,913,151 Ordinary Shares in issue. The Company holds no shares in treasury. Accordingly, the figure of 1,868,913,151 can be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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 (Joint Broker)    [phone] 
  Oliver Stansfield                              5000 
 Shard Capital (Joint Broker) 
  Damon Heath 
  Isabella Pierre 
  St Brides Partners Limited (Financial         [phone] 
  PR)                                            9952 
  Susie Geliher                                  [phone] 
  Catherine Leftley                              1177 
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

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.

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March 12, 2020 11:15 ET (15:15 GMT)