Oracle Power PLC Conversion Notice & Issue of Equity (9531Y)
September 14 2020 - 11:30AM
UK Regulatory
TIDMORCP
RNS Number : 9531Y
Oracle Power PLC
14 September 2020
Oracle Power PLC
("Oracle", the "Company" or the "Group")
Conversion notice and issue of equity
Total voting rights
Oracle (AIM: ORCP) 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 the 9 July 2020.
Accordingly, pursuant to the conversion, the Company has issued,
in aggregate, 15,684,798 new ordinary shares of 0.1p each in the
capital of the Company ("Ordinary Shares") to the Investors (the
"Investor Shares").
Following the conversion, GBP0.9 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 18 September 2020
("Admission").
Following Admission, the Company's issued share capital will
comprise 2,085,563,396 Ordinary Shares. As the Company does not
hold any shares in treasury, this figure of 2,085,563,396 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
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END
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