Oracle Power PLC Results of AGM (3135R)

TIDMORCP

RNS Number : 3135R

Oracle Power PLC

13 June 2018

Results of AGM

13 June 2018

Oracle Power PLC

("Oracle", the "Company" or the "Group")

Results of AGM

Oracle Power PLC (AIM:ORCP), the UK energy developer of a combined lignite mineral resource and mine mouth power plant located in the Thar desert in the south-east of Sindh Province, Pakistan, announces today that it has held its Annual General Meeting.

The Directors of the Company confirm that all resolutions were passed with the exception of Resolution Three, for the re-election of Mr Anthony Charles Raby Scutt as a Director, which was not passed.

The Board regrets this vote to remove Mr Scutt as a Director. Mr Scutt has served as a Director since the Company's incorporation in 2006 and the Board places on record its profound thanks for his service and substantial contribution to the development of the

Company.

The Company will look to appoint an additional non-executive Director in due course.

Shahrukh Khan, CEO of Oracle, said :

"On behalf of the Board, I warmly thank Tony for his invaluable contribution to the Company's development over this period, as non-executive Director, Interim Chairman and Senior Independent Director. His insight, professionalism and support has guided the company through many stages of the progress of the project; he will be much missed. We wish him well for the future."

For further information:

 
 Oracle Power PLC                     +44 (0) 203 
  Shahrukh Khan                          102 4807 
 Brandon Hill Capital Limited         +44 (0) 203 
  Oliver Stansfield                      463 5000 
 Peterhouse Corporate Finance         +44 (0) 207 
  Charles Goodfellow                     220 9791 
 Grant Thornton UK LLP (Nominated 
  Adviser)                            +44 (0) 207 
  Salmaan Khawaja, Richard Tonthat       373 5100 
 Blytheweigh 
  Tim Blythe, Camilla Horsfall,       +44 (0) 207 
  Megan Ray                              138 3204 
 Fortbridge                           +44 (0)7966 
  Matt Beale, Bill Kemmery                 389196

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