Oracle Power PLC Exercise of warrants and issue of equity (9769F)
March 12 2020 - 11:15AM
UK Regulatory
TIDMORCP
RNS Number : 9769F
Oracle Power PLC
12 March 2020
12 March 2020
Oracle Power PLC
("Oracle", the "Company" or the "Group")
Exercise of warrants and issue of equity
Oracle Power PLC (AIM:ORCP) announces that it has received a
notice of exercise in respect of certain pre-existing warrants to
subscribe for, in aggregate, 29,000,000 new ordinary shares of 0.1p
each in the capital of the Company ("Ordinary Shares") at a price
of 0.25 pence per share. The exercise of these warrants amounts to
an aggregate cash subscription of GBP72,500.
Application will be made to the London Stock Exchange plc for
the admission of the 29,000,000 new Ordinary Shares to trading on
AIM ("Admission"). Admission is expected to become effective at
8.00 a.m. on 18 March 2020.
On Admission, the Company will have 1,868,913,151 Ordinary
Shares in issue. The Company holds no shares in treasury.
Accordingly, the figure of 1,868,913,151 can be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company, under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
For further information please contact:
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
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IOEGZGMFKZNGGZM
(END) Dow Jones Newswires
March 12, 2020 11:15 ET (15:15 GMT)
Oracle Power (LSE:ORCP)
Historical Stock Chart
From Apr 2024 to May 2024
Oracle Power (LSE:ORCP)
Historical Stock Chart
From May 2023 to May 2024