Adoption of Share Option Scheme & Grant of Options

Oracle Power PLC

16 October 2026

 

16 October 2026

Oracle Power PLC

(“Oracle” or the “Company”)

Adoption of Share Option Scheme and Grant of Options

Oracle Power PLC (AIM: ORCP), the international project developer, announces the adoption of a new Share Option Scheme (the “Scheme”) and the grant of certain options thereunder.

Rationale for the Scheme

The adoption of the Scheme underscores the Company’s commitment to aligning the incentivisation and interests of its senior management with those of its shareholders.

Details of the Option Grants

The Company yesterday granted, subject to certain vesting criteria, 1,697,139,461 options, in aggregate, with an exercise price of 0.0383 pence each, over new ordinary shares in the Company (“Ordinary Shares”), representing approximately 10.0 per cent. of the Company’s existing issued ordinary share capital.  The recipients and details of the grants are set out below:

Name	Date of Grant	Position	No. of Options Granted	Exercise Price per Ordinary Share	Maturity Date	Total Options Held following this Grant
Naheed Memon	15/10/2026	CEO	1,103,140,650	0.0383p	15 October 2036	1,103,140,650
Nicholas Lee	15/10/2026	CFO/ Company Secretary	593,998,811	0.0383p	15 October 2036	593,998,811

The options vest as follows:

• 848,569,731 options (approximately 50 per cent.) vest immediately;
• 424,284,865 options (approximately 25 per cent.) vest upon the Company’s share price increasing to 0.073 pence per Ordinary Share, measured over a consecutive 5-day period (representing an approximate 100 per cent. increase from the prevailing middle market share price of 0.0365 pence); and
• the remaining options (approximately 25 per cent.) vest upon the Company’s share price increasing to 0.110 pence per Ordinary Share, measured over a consecutive 5-day period (representing an approximate 200 per cent. increase from the prevailing middle market share price of 0.0365 pence).

The Scheme permits the issuance of options over up to 15 per cent. of the Company’s issued share capital from time to time, thereby affording flexibility and headroom for additional awards if and when appropriate.

*ENDS*

For further information:

Oracle Power PLC Naheed Memon - CEO	[phone]
Strand Hanson Limited (Nominated Adviser & Broker) Rory Murphy, Matthew Chandler, Rob Patrick	[phone]
St Brides Partners Limited (Financial PR) Susie Geliher, Isabel de Salis	[phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 (“MAR”) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

 PDMR Notification Form:

The notification below is made in accordance with the requirements of MAR.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Naheed Memon                    Nicholas Lee
2.	Reason for the Notification
a)	Position/status	Chief Executive Officer                    Chief Financial Officer/Company Secretary
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Oracle Power PLC
b)	LEI	213800KTG8HX1WBCAA49
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	In each case, the grant of Options over Ordinary Shares of 0.001 pence each in the capital of the Company
	Identification code	GB00B23JN426
b)	Nature of the Transaction	Grant of Options over Ordinary Shares of 0.001 pence each in the capital of the Company
c)	Price(s) and volume(s)	Price: 0.0383p Volumes:                      1,103,140,650                    593,998,811
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transaction	15 October 2026
f)	Place of the transaction	Outside a trading venue

 

END