Business
Update re Ceremonial Signing of MOU
Update re Ceremonial Signing of MOU.
About this update from Oracle Power Plc
[{"type":"text","content":"\n \nRNS Number : 1844Z Oracle Power PLC 16 May 2019 \n\n\n \n16 May 2019\nOracle Power PLC\n(\"Oracle\" or \"the Company\")\n \nUpdate re Ceremonial Signing of MOU\n \nFurther to the announcement of 3 May 2019, Oracle Power PLC (AIM:ORCP), the UK energy developer of a combined lignite coal mine and mine mouth power plant located in the south-eastern Sindh Province of Pakistan (Thar Block VI), advises that it received confirmation on 14 May 2019 from Beijing Jingneng Power Company Limited (\"Beijing Jingneng\") that the Memorandum of Understanding (\"MOU\"), ceremonially signed on 27 April 2019 by representatives of Beijing Jingneng and PowerChina International Group Limited (\"PowerChina\") and Oracle, as announced on 29 April 2019, is only ceremonial and does not replace the Memorandum of Understanding announced on 27 March 2019 (\"March MOU\"). This is in addition to the clarification received from PowerChina on 2 May 2019. \n \nAs such, the Company and its partners consider that the March MOU remains valid. \n \n \n \nThe 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.\n \n \nFor further information please contact:\n \n\n\n\nOracle Power PLC\nNaheed Memon\n \n\n\n+44 (0) 203 580 4316\n\n\n\n\nStrand Hanson Limited (Nominated Adviser)\nRory Murphy, James Harris, Jack Botros\n \n\n\n+44 (0) 20 7409 3494\n\n\n\n\nBrandon Hill Capital Limited\nOliver Stansfield\n \n\n\n+44 (0)203 463 5000\n\n\n\n\nPeterhouse Corporate Finance\nCharles Goodfellow\n \n\n\n+44 (0) 207 220 9791\n\n\n\n\nBlytheweigh \nTim Blythe, Camilla Horsfall, Megan Ray\n \n\n\n+44 (0) 207 138 3204\n\n\n\n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authori...