Oracle Power PLC Director/PDMR Shareholding (8300M)

TIDMORCP

RNS Number : 8300M

Oracle Power PLC

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 GBP55,364, 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:

 
 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 
     ----------------------------------  ------------------------------- 
 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        Ordinary Shares of 0.1p each 
       instrument, type of instrument      GB00B23JN426 
       Identification code 
     ----------------------------------  ------------------------------- 
 b.   Nature of the transaction           Purchase of a corporate entity 
                                           which owns Ordinary Shares 
     ----------------------------------  ------------------------------- 
 c.   Price(s) and volume(s)              0.31 pence 
                                           17,859,230 
     ----------------------------------  ------------------------------- 
 d.            Aggregated information 
                 *    Aggregated volume     N/A, Single transaction 
 
 
                 *    Price 
     ----------------------------------  ------------------------------- 
 e.   Date of the transaction             23 September 2021 
     ----------------------------------  ------------------------------- 
 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.

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