Oracle Power PLC
("Oracle", the "Company" or the "Group")
Director Share Purchase
Oracle (AIM: ORCP), the AIM listed natural resources and power project developer, announces that Ms Naheed Memon, CEO of Oracle, has purchased 49,002,561 ordinary shares of 0.1p each in the Company ('Ordinary Shares') on 22 January 2021 at a price of 0.45 pence per share for total consideration of £220,511.52. The shares were purchased in a block transaction from one shareholder to facilitate their complete disposal of holdings in the Company.
Following this purchase, Ms Memon has an interest in 65,002,561 Ordinary Shares representing 3.0 per cent. of the issued share capital of the Company.
For further information:
| Oracle Power PLC Naheed Memon | +44 (0) 203 580 4314 |
| Strand Hanson Limited (Nominated Adviser) Rory Murphy, James Harris, Jack Botros | +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
St Brides Partners Limited (Financial PR) Susie Geliher Catherine Leftley | +44 (0) 20 7186 9952
+44 (0) 20 7236 1177 |
PDMR Notification:
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1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name: | Naheed Memon | ||||
| 2. | Reason for the notification | |||||
| a) | Position/status: | CEO | ||||
| b) | Initial notification/Amendment: | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name: | Oracle Power PLC | ||||
| b) | LEI: | 213800WAVVOPS85N2205
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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: Identification code: | Ordinary Shares of 0.1p
ISIN: IS0000030930
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| b) | Nature of the transaction: | Share Purchase | ||||
| c) | Price(s) and volume(s): |
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| d) | Aggregated information: Aggregated volume: Price: |
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| e) | Date of the transaction: | 22 January 2021 | ||||
| f) | Place of the transaction: | London Stock Exchange | ||||
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This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.
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