Oracle Power PLC Conversion Notice and Issue of Equity (6742X)
September 01 2020 - 6:18AM
UK Regulatory
TIDMORCP
RNS Number : 6742X
Oracle Power PLC
01 September 2020
Oracle Power PLC
("Oracle", the "Company" or the "Group")
Conversion notices and issue of equity
Total voting rights
Oracle (AIM: ORCP) announces that it has received conversion
notices from the Investors in respect of a further GBP300,000 of
the GBP1.5 million Share Subscription announced on the 9 July
2020.
Accordingly, pursuant to the conversions, the Company has
issued, in aggregate, 54,582,172 new ordinary shares of 0.1p each
in the capital of the Company ("Ordinary Shares") to the Investors
(the "Investor Shares").
Following the conversions, GBP1.1 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 or around 4 September 2020
("Admission").
Following Admission, the Company's issued share capital will
comprise 2,051,684,541 Ordinary Shares. As the Company does not
hold any shares in treasury, this figure of 2,051,684,541 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, 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
Isabella Pierre
St Brides Partners Limited (Financial +44 (0) 20 7186
PR) 9952
Susie Geliher +44 (0) 20 7236
Catherine Leftley 1177
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEFLFLIAEILIII
(END) Dow Jones Newswires
September 01, 2020 06:18 ET (10:18 GMT)
Oracle Power (LSE:ORCP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Oracle Power (LSE:ORCP)
Historical Stock Chart
From Jul 2023 to Jul 2024