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On 23 September 2021, Ms Naheed Memon, CEO of Oracle Power PLC, acquired the entire share capital of Nazario Consultancy Limited for a consideration of £55,364. Nazario Consultancy Limited's sole asset was 17,859,230 ordinary shares in Oracle Power PLC, at an effective price of 0.31 pence per share. Following this acquisition, Ms Memon is beneficially interested in 83,194,791 Ordinary Shares, representing 3.63 per cent. of the Company's issued share capital.
| Date | 24 Sept 2021 |
| Time | 07:00:05 |
| Category | Director/PDMR dealings |
| ID | 8300M |
24 September 2021
Oracle Power PLC
("Oracle", the "Company")
Director/PDMR Shareholding
Oracle Power PLC (AIM:ORCP), the international natural resources project developer, announces that Ms Naheed Memon, CEO of Oracle, acquired the entire share capital of Nazario Consultancy Limited, for a consideration of £55,364, the sole asset of which is 17,859,230 ordinary shares of 0.1p each in capital of the Company ("Ordinary Shares") on 23 September 2021. Accordingly, Ms Memon has effectively paid 0.31 pence per Ordinary Share.
As a result of this acquisition, Ms Memon is beneficially interested in 83,194,791 Ordinary Shares, representing 3.63 per cent. of the issued share capital of the Company.
*ENDS*
For further information on Oracle Power Plc, visit the Company's website http://www.oraclepower.co.uk or contact:
Oracle Power PLC
Naheed Memon - CEO +44 (0) 203 580 4314
Strand Hanson Limited (Nominated Adviser)
Rory Murphy, James Harris, Rob Patrick +44 (0) 20 7409 3494
Brandon Hill Capital Limited (Joint Broker)
Oliver Stansfield +44 (0) 203 463 5000
Shard Capital (Joint Broker)
Damon Heath, Isabella Pierre +44 (0) 20 7186 9952
St Brides Partners Limited (Financial PR)
Susie Geliher, Catherine Leftley +44 (0) 20 7236 1177
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 |
Naheed Memon
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2. |
Reason for the notification |
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a. |
Position/status |
CEO
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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 |
Oracle Power PLC |
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b. |
LEI |
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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 Identification code |
Ordinary Shares of 0.1p each GB00B23JN426
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b. |
Nature of the transaction |
Purchase of a corporate entity which owns Ordinary Shares |
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c. |
Price(s) and volume(s) |
0.31 pence 17,859,230
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d. |
Aggregated information ·Aggregated volume ·Price |
N/A, Single transaction |
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e. |
Date of the transaction |
23 September 2021 |
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f. |
Place of the transaction |
Outside a trading venue |
About Oracle Power PLC:
Oracle Power PLC is an international natural resource and power project developer quoted on London's AIM market. The Company holds two highly prospective gold assets in two globally significant gold regions of Western Australia. The Northern Zone Project is located 25km east of the major gold mining centre of Kalgoorlie, the home of the 'Super Pit' mine, the second largest gold mine in Australia, and the Jundee East Gold Project is located ~9km east of Northern Star's Jundee Gold Mine, one of Australia's largest gold mines.
The Company's initial project is the Thar Block VI Project in the Thar desert in the south-east of the Sindh province of Pakistan where the Company is advancing plans for a combined lignite coal mine, a 1,320MW mine mouth power plant and a proposed coal gasification to urea project.