Oracle Power PLC (AIM:ORCP) entered into an agreement to acquire remaining 2% stake in Sindh Carbon Energy Limited from Sindh Koela Limited for £1.3 million on January 12, 2018. The initial consideration will be satisfied through the issuance of 95.7 million shares of Oracle Power PLC. If upon financial close with the previously identified and announced Chinese State-Owned Enterprises, the value of the acquisition Shares issued to Sindh Koela Limited is less than £3.6 million based on Oracle's share price at the time, Oracle will issue further shares at the prevailing market price to Sindh Koela Limited to make good any shortfall. Upon completion of the acquisition, Oracle Power PLC will have 100% ownership in Sindh Carbon Energy Limited.