Oracle Power PLC Conversion Notice and Issue of Equity (2516W)
August 17 2020 - 2:00AM
UK Regulatory
TIDMORCP
RNS Number : 2516W
Oracle Power PLC
17 August 2020
17 August 2020
Oracle Power Plc / EPIC: ORCP / Market: AIM / Sector: Mining
Oracle Power PLC
("Oracle", the "Company" or the "Group")
Conversion notice and issue of equity
Total voting rights
Oracle (AIM: ORCP) announces that it has received a conversion
notice from the Investors in respect of GBP100,000 of the GBP1.5
million Share Subscription announced on the 9 July 2020.
Accordingly, pursuant to the conversion, the Company has issued,
in aggregate, 17,189,218 new ordinary shares of 0.1p in the capital
of the Company ("Ordinary Shares") to the Investors (the "Investor
Shares").
Following the conversion, GBP1.4 million remains outstanding for
conversion under the Share Subscription.
The Investor Shares will rank pari passu in all respects with
the existing Ordinary Shares. Application will be made to the
London Stock Exchange plc for the admission of the Investor Shares
to trading on AIM ("Admission"). It is anticipated that Admission
will occur at 8.00 a.m. on AIM on or around 20 August 2020
("Admission").
Following Admission, the Company's issued share capital will
comprise 1,997,102,369 Ordinary Shares. As the Company does not
hold any shares in treasury, this figure of 1,997,102,369 Ordinary
Shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Unless defined herein, or the context requires otherwise,
capitalised terms used in this announcement carry the same meaning
as those ascribed to them in the Company's announcement of 9 July
2020.
**ENDS**
For further information:
Oracle Power PLC +44 (0) 203 580
Naheed Memon 4314
Strand Hanson Limited (Nominated Adviser) +44 (0) 20 7409
Rory Murphy, James Harris, Jack Botros 3494
Brandon Hill Capital Limited (Joint Broker) +44 (0) 203 463
Oliver Stansfield 5000
Shard Capital (Joint Broker)
Damon Heath +44 (0) 20 7186
Isabella Pierre 9952
St Brides Partners Limited (Financial
PR)
Susie Geliher +44 (0) 20 7236
Catherine Leftley 1177
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.
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 rns@lseg.com or visit www.rns.com.
END
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