Result of AGM

RNS Number : 7351F

Oracle Power PLC

16 July 2019

 

16 July 2019



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 "AGM").

The Company advises that, further to its announcement earlier today, resolution 4 was withdrawn from the business of the AGM.

The Directors of the Company confirm that all resolutions put to shareholders at the AGM were duly passed.

At the AGM, Naheed Memon, CEO of Oracle, gave a short presentation to shareholders, which included a statement that the Company expects Financial Close to occur in the second half of 2020, which updates the previous expectation of Q4 2019.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For further information please contact:

Oracle Power PLC Naheed Memon	[phone]
Strand Hanson Limited (Nominated Adviser) Rory Murphy, James Harris, Jack Botros	[phone]
Brandon Hill Capital Limited (Joint Broker) Oliver Stansfield	[phone]
Peterhouse Corporate Finance (Joint Broker) Charles Goodfellow	[phone]

 

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