OPG Power Ventures : Director/PDMR Shareholding - Scrip Dividend
January 07, 2020 at 08:43 pm IST
Share
RNS Number : 0343Z OPG Power Ventures plc 07 January 2020
7 January 2020
OPG Power Ventures plc
("OPG", the "Group" or the "Company")
Director/PDMR Shareholding - Scrip Dividend
The Company announces that the following directors received ordinary shares of 0.0147p each in the capital of the company ("Ordinary Shares "), at the reference price of 18.15 pence per share, through the Scrip dividend announced on 1 August 2019 and issued on 6 January 2020:
Director
Position
Ordinary
Total
% of issued
Shares issued
num ber of
share capital
on 9 January
Ordinary
following
2020
Shares held
adm ission of
pursuant to
post Scrip
Scrip
the Scrip
Dividend
Dividend
Dividend
shares
Gita Investments
Executive Chairman
6,607,749
206,492,166
51.5%
Limited1
Jeremy Warner Allen
Non-Executive Deputy Chairman
35,989
1,124,680
0.3%
Dmitri Tsvetkov
Chief Financial Officer
36,054
1,126,691
0.3%
Jeremy Beeton
Non-Executive Director
1,652
51,652
0.0%
1 Beneficial interest in these shareholdings vests with Arvind Gupta and family.
For further inform ation, please visit www.opgpower.comor contact:
OPG Power Ventures PLC
+91 (0) 44 429 11211
Arvind Gupta / Dmitri Tsvetkov
Cenkos Securities (Nom inated Adviser & Broker)
+44 (0) 20 7397 8900
Russell Cook/ Stephen Keys
Tavistock (Financial PR)
+44 (0) 20 7920 3150
Simon Hudson / Barney Hayward / Nick Elwes
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
1.
Gita Investments Limited
2.
Jeremy Warner Allen
3.
Dmitri Tsvetkov
4.
Jeremy Beeton
2
Reason for the notification
a)
Position/status
1.
Executive Chairman
2.
Non-Executive Deputy Chairman
3.
Chief Financial Officer
4.
Non-Executive Director
b)
Initial notification /Amendment
Initial
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
Ordinary Shares of 0.0147p each
instrument, type of instrument
Identification code
ISIN: IM00B2R3RX72
b)
Nature of the transaction
Acquisition of Ordinary Shares pursuant to Scrip Dividend
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1.
18.15 pence
1.
6,607,749
2.
18.15 pence
2.
35,989
3.
18.15 pence
3.
36,054
4.
18.15 pence
4.
1,652
d)
Aggregated information
- Aggregated volume
N/A - single transaction
- Price
e)
Date of the transaction
6 January 2020
f)
Place of the transaction
Outside of a trading venue
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.comor visit www.rns.com.
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OPG Power Ventures plc published this content on 07 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 January 2020 15:12:18 UTC
OPG Power Ventures Plc is an Isle of Man-based developer and operator of power generation assets in India. The Company is primarily engaged in the development, owning, operation and maintenance of private sector power projects in India. The electricity generated from its plants is sold principally to public sector undertakings and heavy industrial companies in India or in the short-term market. Its flagship 414 MW coal-fired thermal plant is in the industrial state of Tamil Nadu close to the ports of Ennore and Chennai. The plant comprises four units, 77 MW, 77 MW Chennai II, 80 MW Chennai III and 180 MW Chennai IV. Generation from this plant is sold principally to industrial and commercial customers. Its subsidiaries include Caromia Holdings Limited, Gita Power and Infrastructure Private Limited, OPG Power Generation Private Limited, Powergen Resources Pte Ltd, and Samriddhi Surya Vidyut Private Limited, among others.