5 February 2021
OPG Power Ventures plc
("OPG" or the "Company")
Purchase of shares by Gupta's family
OPG (AIM: OPG), the developer and operator of power generation plants in India, announces that Gleneagle Trading FZE, a subsidiary of Gita Investments Limited, a company controlled by Mr Arvind Gupta, Company Chairman, and his family ("Gupta's family") have purchased 150,000 shares at 18.0 pence per share. This increases the Gupta family's shareholding in OPG to 206,642,166 ordinary shares (51.57% of total issued OPG's share capital).
For further information, please visit www.opgpower.com or contact:
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OPG Power Ventures PLC | +44 (0) 78 2734 1323 |
| Dmitri Tsvetkov | |
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| Cenkos Securities plc (Nominated Adviser & Broker) | +44 (0) 20 7397 8900 |
| Russell Cook / Stephen Keys | |
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| Tavistock (Financial PR) | +44 (0) 20 7920 3150 |
| Simon Hudson / Nick Elwes |
The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Mr Arvind Gupta / Gleneagle Trading FZE | |
| 2 | Reason for the notification | ||
| a) | Position/status | PCA of Mr Arvind Gupta, Chairman | |
| b) | Initial notification/Amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | OPG Power Ventures PLC | |
| b) | LEI | 213800MLM7O87QIGIK85 | |
| 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 | Ordinary shares of 0.0147p each | |
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| Identification code | IM00B2R3RX72 | |
| b) | Nature of the transaction | Purchase of Ordinary Shares | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| £0.18 | 150,000 | ||
| d) | Aggregated information | N/A single transaction | |
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| Aggregated volume | N/A single transaction | |
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| Price | N/A single transaction | |
| e) | Date of the transaction | 1 February 2021 | |
| f) | Place of the transaction | AIMX | |
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