Oracle Power PLC Board Appointment (9307Q)
03 March 2021 - 6:00PM
UK Regulatory
TIDMORCP
RNS Number : 9307Q
Oracle Power PLC
03 March 2021
3 March 2021
Oracle Power PLC
("Oracle" or the "Company")
Board Appointment
Oracle Power Plc (AIM: ORCP) is pleased to announce the
appointment of Mr David Hutchins to its Board of Directors
("Board") as a Non-Executive Director with immediate effect.
Mr Hutchins is a highly experienced corporate mining and
commodities professional with more than 30 years in the industry.
During his career he has held several executive roles for both
listed and private companies. Mr Hutchins is currently the Chair of
the FTSE Gold Mines Index Committee.
Most notably, Mr Hutchins has held a range of senior roles
within fund management, including various senior positions at
M&G Group. In addition, he was a Fund Manager of Resources
Investment Trust plc and later a Director and Fund Manager of
Global Resources Investment Trust Plc, both listed on the London
Stock Exchange. He was also a Director and Founder of
www.minesite.com , a mining industry specific news website which is
now part of Master Investor. He currently sits on the Board of
Wishbone Gold Plc (AIM: WSBN), a gold specialist company operating
in exploration, mining and bullion trading, which, like Oracle, has
gold exploration projects in Australia.
Naheed Memon, Chief Executive Officer of Oracle, commented:
"On behalf of the Board, I am very pleased to welcome David to
Oracle. His extensive understanding of, and career in, the natural
resources sector will be of significant value to Oracle as we
continue to develop and expand our portfolio to become an
international power and natural resource project developer. As we
look to advance our Western Australian gold assets, we expect his
proficiency in the sector to prove a particular asset to the
Company, adding to the existing knowledge already within
Oracle."
Further information as required by the AIM Rules for Companies
is as follows:
David James Hutchins, aged 60, is, or has been, a director or
partners of the following companies or partnerships during the past
five years:
Former directorships and/or partnerships (within the last five
years)
Global Resources Investment Trust Plc
RDP Fund Management LLP
Resources Development Partners Limited
Global Resources International Limited
Robdale Investments Limited
Aresa Investments Limited
Endstone Capital Limited
Current directorships and/or partnerships
Wishbone Gold Plc
Henley Resources Limited
Mineral Developments Limited
Mr Hutchins does not hold any interest in, or over, the
Company's ordinary shares.
There is no further information to be disclosed in respect of
the above appointment pursuant to paragraph (g) of Schedule 2 of
the AIM Rules for Companies.
**ENDS**
For further information please contact:
Oracle Power PLC +44 (0) 203 580
Naheed Memon 4314
Strand Hanson Limited (Nominated Adviser) +44 (0) 20 7409
Rory Murphy, James Harris, Jack Botros 3494
Brandon Hill Capital Limited (Joint Broker) +44 (0) 203 463
Oliver Stansfield 5000
Shard Capital (Joint Broker)
Damon Heath
Isabella Pierre
St Brides Partners Limited (Financial +44 (0) 20 7186
PR) 9952
Susie Geliher +44 (0) 20 7236
Catherine Leftley 1177
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
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END
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