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On 7 March 2022, three companies controlled by the Gupta family sold a total of 8,903,617 OPG Power Ventures plc shares at 6.5 pence per share. Simultaneously, another company controlled by the Gupta family purchased 8,903,617 shares at 6.75 pence per share. As a result, the Gupta family's total shareholding in OPG Power Ventures plc remained unchanged at 206,432,166 ordinary shares, representing 51.51% of the total issued share capital.
| Date | 11 Mar 2022 |
| Time | 12:15:14 |
| Category | Director/PDMR dealings |
| ID | 5264E |
11 March 2022
OPG Power Ventures plc
("OPG" or the "Company")
Director/PDMR Shareholding
OPG (AIM: OPG), the developer and operator of power generation plants in India, announces that three companies controlled by Gupta's family has sold 8,903,617 shares at 6.5 pence per share and another company controlled by Gupta's family has purchased 8,903,617 shares at 6.75 pence per share. As a result of these transactions the Gupta family's shareholding in OPG remains unchanged at 206,432,166 ordinary shares (representing 51.51% of OPG's total issued share capital).
For further information, please visit www.opgpower.com or contact:
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OPG Power Ventures PLC |
+44 (0) 78 2734 1323 |
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Dmitri Tsvetkov |
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Cenkos Securities plc (Nominated Adviser & Broker) |
+44 (0) 20 7397 8900 |
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Stephen Keys / Katy Birkin |
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Tavistock (Financial PR) |
+44 (0) 20 7920 3150 |
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Simon Hudson / Nick Elwes |
The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Mr Arvind Gupta, PCA with Dhanvarsha Enterprises and Investments Private Limited |
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2 |
Reason for the notification |
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a) |
Position/status |
Chairman |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
OPG Power Ventures PLC |
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b) |
LEI |
213800MLM7O87QIGIK85 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares of 0.0147p each |
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Identification code |
IM00B2R3RX72 |
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b) |
Nature of the transaction |
Sale of Ordinary Shares |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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£0.065 |
2,269,085 |
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d) |
Aggregated information |
N/A single transaction |
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Aggregated volume |
N/A single transaction |
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Price |
N/A single transaction |
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e) |
Date of the transaction |
7 March 2022 |
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f) |
Place of the transaction |
AIMX |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Mr Arvind Gupta, PCA with Goodfaith Vinimay Private Limited |
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2 |
Reason for the notification |
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a) |
Position/status |
Chairman |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
OPG Power Ventures PLC |
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b) |
LEI |
213800MLM7O87QIGIK85 |
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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 financial instrument, type of instrument |
Ordinary shares of 0.0147p each |
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Identification code |
IM00B2R3RX72 |
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b) |
Nature of the transaction |
Sale of Ordinary Shares |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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£0.065 |
2,839,085 |
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d) |
Aggregated information |
N/A single transaction |
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Aggregated volume |
N/A single transaction |
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Price |
N/A single transaction |
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e) |
Date of the transaction |
7 March 2022 |
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f) |
Place of the transaction |
AIMX |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Mr Arvind Gupta, PCA with Sri Hari Vallabhaa Enterprises & Investments Private Limited |
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2 |
Reason for the notification |
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a) |
Position/status |
Chairman |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
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a) |
Name |
OPG Power Ventures PLC |
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b) |
LEI |
213800MLM7O87QIGIK85 |
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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 financial instrument, type of instrument |
Ordinary shares of 0.0147p each |
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|
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Identification code |
IM00B2R3RX72 |
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b) |
Nature of the transaction |
Sale of Ordinary Shares |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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£0.065 |
3,795,447 |
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d) |
Aggregated information |
N/A single transaction |
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Aggregated volume |
N/A single transaction |
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Price |
N/A single transaction |
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e) |
Date of the transaction |
7 March 2022 |
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f) |
Place of the transaction |
AIMX |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Ms Avantika Gupta, PCA with Gleneagle Trading FZE |
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2 |
Reason for the notification |
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a) |
Position/status |
Director |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name |
OPG Power Ventures PLC |
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b) |
LEI |
213800MLM7O87QIGIK85 |
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|
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 financial instrument, type of instrument |
Ordinary shares of 0.0147p each |
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|
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Identification code |
IM00B2R3RX72 |
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b) |
Nature of the transaction |
Purchase of Ordinary Shares |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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£0.0675 |
8,903,617 |
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d) |
Aggregated information |
N/A single transaction |
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Aggregated volume |
N/A single transaction |
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Price |
N/A single transaction |
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e) |
Date of the transaction |
7 March 2022 |
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f) |
Place of the transaction |
AIMX |
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