Oracle Power PLC Board Appointment (3731M)
January 07 2019 - 4:45AM
UK Regulatory
TIDMORCP
RNS Number : 3731M
Oracle Power PLC
07 January 2019
07 January 2019
ORACLE POWER PLC
("Oracle" or the "Company")
Board Appointment
Oracle Power PLC (AIM:ORCP), the UK energy developer of a
combined lignite coal mine and mine mouth power plant located in
the Thar desert in the south-eastern Sindh Province of Pakistan,
today announces the appointment of Ms Naheed Memon to its Board of
Directors ("Board"), as a Non-executive Director, with immediate
effect.
Ms Memon's appointment is intended to strengthen the Company's
Board, particularly in bringing Block VI, Thar Coalfield, to
financial close.
Ms Memon has had a career spanning public service and the
private sector. Following a first degree in Computing Science at
the University of Karachi, she completed a MSc in Economics,
including a Distinction in Econometrics, at Birkbeck College,
London and an MBA at Imperial College London. She has held various
roles in her family conglomerate, the Kings Group of Industries,
Pakistan, including Director of Marketing and Director of
Information Systems. She was CEO of Advici Consulting Limited, a
consulting practice based in London advising in marketing and
investor facilitation. She has been a Financial Advisor with
Merrill Lynch, Private Banking. She was CEO of Manzil Pakistan, a
public policy think tank based in Karachi. She has served the Sindh
Board of Investment (Government of Sindh), as Vice Chair from 2013
- 2016, then as Chair until August 2018.
Mark Steed, Chairman of Oracle, said:
"It is with pleasure that I welcome Naheed to our Board. Her
existing knowledge and understanding of our flagship Thar Block VI
asset will be of considerable value to the development of the
Company going forward. Moreover, having a Director primarily based
in Pakistan should further help ensure a smooth transition to
Financial Close and subsequent development."
Further information on Ms Memon, as required by the AIM Rules
for Companies is as follows:
Ms Memon, aged 50, is, or has been, a director or partner of the
following companies or partnerships during the past five years:
Current directorships and/or Former directorships and/or partnerships
partnerships (within the last five years)
Ace Travels Pvt. Ltd. None
Thatta Cement Company Limited
There is no further information to be disclosed in respect of
the above appointment pursuant to paragraph (g) of Schedule 2 of
the AIM Rules for Companies.
For further information:
Oracle Power PLC +44 (0) 20 3580
Shahrukh Khan 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)20 3463
Oliver Stansfield 5000
Peterhouse Corporate Finance (Joint Broker) +44 (0)20 7220
Charles Goodfellow 9791
Blytheweigh +44 (0) 20 7138
Tim Blythe, Camilla Horsfall, Megan Ray 3204
The information contained within this announcement is considered
to be inside information, for the purposes of Article 7 of EU
Regulation 596/2014, prior to its release.
This information is provided by RNS, the news service of the
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END
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