Exercise of Warrants
Summary by AI BETAClose X
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 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.
2 October 2025
Oracle Power PLC
("Oracle", the "Company" or the "Group")
Exercise of Warrants
Oracle Power PLC (AIM: ORCP), the international project developer, is pleased to announce that it has received notice to exercise warrants, issued in October 2023, to subscribe for a total of 107,142,857 new ordinary shares of 0.001 pence ("Ordinary Shares") at a price of 0.05467 pence per share, as amended in accordance with the RNS issued on 12 December 2024. The exercise of these warrants amounts to a cash subscription of £ 58,575.
Admission to Trading and Total Voting Rights
Application has been made to the London Stock Exchange plc for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective at 8:00 a.m. on or around 7 October 2025. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.
Following Admission, the total ordinary issued share capital of the Company will be 15,721,394,613 Ordinary Shares, with no shares held in Treasury. Therefore, the total voting rights in the Company following Admission will be 15,721,394,613 and this figure 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 in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
*ENDS*
For further information:
|
Oracle Power PLC Naheed Memon - CEO |
+44 (0) 203 580 4314 |
|
Strand Hanson Limited (Nominated Adviser and Broker) Rory Murphy, Matthew Chandler, Rob Patrick |
+44 (0) 20 7409 3494 |
|
St Brides Partners Limited (Financial PR) Susie Geliher, Isabel de Salis |
+44 (0) 20 7236 1177 |
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