Oracle Power PLC Conversion Notice and Total Voting Rights (2546O)
October 06 2021 - 10:37AM
UK Regulatory
TIDMORCP
RNS Number : 2546O
Oracle Power PLC
06 October 2021
6 October 2021
Oracle Power PLC
("Oracle" or the "Company")
Conversion Notice and Total V oting R ights
Oracle Power PLC (AIM:ORCP), the international natural resources
project developer, announces that it has received a conversion
notice from the Investors in respect of a further GBP100,000 of the
GBP1.5 million Share Subscription announced on 9 July 2020.
Accordingly, pursuant to the conversion, the Company will issue,
in aggregate, 36,513,674 new ordinary shares of 0.1p each in the
capital of the Company ("Ordinary Shares") to the Investors (the
"Investor Shares"), split equally between them.
Following the conversion, GBP200,000 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 13 October 2021.
Total Voting Rights
Following Admission, the Company's issued share capital will
comprise 2,328,140,712 Ordinary Shares. As the Company does not
hold any shares in treasury, this figure of 2,328,140,712 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.
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.
*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
This announcement contains inside information for the purposes
of Article 7 of EU Regulation No. 596/2014, which forms part of
United Kingdom domestic law by virtue of the European (Withdrawal)
Act 2018.
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END
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