CatalystWireBeta

Exercise of Warrants

In brief · summary, not quotable

Oracle Power PLC announced the exercise of warrants issued in October 2023, resulting in the subscription of 107,142,857 new ordinary shares at 0.05467 pence per share, amended from a prior announcement in December 2024. This exercise will generate a cash subscription of £58,575. Application has been made for these new shares to be admitted to trading on AIM, with admission expected around October 7, 2025. Following admission, the company's total issued share capital will be 15,721,394,613 ordinary shares, representing the total voting rights.

Full announcement

Select text to share a quote on X · sign in to keep highlights & notes in your ORCP notes

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.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

Share this quote

Quote card
Post on X WhatsApp Download image

The link opens this announcement with the quote highlighted. Quotes are checked against the original text.

Add a note