TIDMOPG

RNS Number : 5264E

OPG Power Ventures plc

11 March 2022

11 March 2022

OPG Power Ventures plc

("OPG" or the "Company")

Director/PDMR Shareholding

OPG (AIM: OPG), the developer and operator of power generation plants in India, announces that three companies controlled by Gupta's family has sold 8,903,617 shares at 6.5 pence per share and another company controlled by Gupta's family has purchased 8,903,617 shares at 6.75 pence per share. As a result of these transactions the Gupta family's shareholding in OPG remains unchanged at 206,432,166 ordinary shares (representing 51.51% of OPG's total issued share capital).

For further information, please visit www.opgpower.com or contact:

 
                                             +44 (0) 78 2734 
   OPG Power Ventures PLC                          1323 
 Dmitri Tsvetkov 
 
 Cenkos Securities plc (Nominated Adviser    +44 (0) 20 7397 
  & Broker)                                        8900 
 Stephen Keys / Katy Birkin 
 
                                             +44 (0) 20 7920 
 Tavistock (Financial PR)                          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, PCA with Dhanvarsha Enterprises 
                                                  and Investments Private Limited 
      ----------------------------------------  ---------------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------------------- 
 a)    Position/status                           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                        Ordinary shares of 0.0147p each 
        financial instrument, 
        type of instrument 
      ----------------------------------------  ---------------------------------------------------- 
       Identification code                       IM00B2R3RX72 
      ----------------------------------------  ---------------------------------------------------- 
 b)    Nature of the transaction                 Sale of Ordinary Shares 
      ----------------------------------------  ---------------------------------------------------- 
 c)    Price(s) and volumes(s)                           Price(s)                  Volume(s) 
      ----------------------------------------  -------------------------  ------------------------- 
                                  GBP0.065                                         2,269,085 
  -----------------------------------------------------------------------  ------------------------- 
 d)    Aggregated information                    N/A single transaction 
      ----------------------------------------  ---------------------------------------------------- 
  Aggregated volume                         N/A single transaction 
 ----------------------------------------  --------------------------------------------------------- 
  Price                                     N/A single transaction 
 ----------------------------------------  --------------------------------------------------------- 
 e)    Date of the transaction                   7 March 2022 
      ----------------------------------------  ---------------------------------------------------- 
 f)    Place of the transaction                  AIMX 
      ----------------------------------------  ---------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                      Mr Arvind Gupta, PCA with Goodfaith Vinimay 
                                                  Private Limited 
      ----------------------------------------  ----------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------------- 
 a)    Position/status                           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                        Ordinary shares of 0.0147p each 
        financial instrument, 
        type of instrument 
      ----------------------------------------  ----------------------------------------------- 
       Identification code                       IM00B2R3RX72 
      ----------------------------------------  ----------------------------------------------- 
 b)    Nature of the transaction                 Sale of Ordinary Shares 
      ----------------------------------------  ----------------------------------------------- 
 c)    Price(s) and volumes(s)                          Price(s)                Volume(s) 
      ----------------------------------------  -----------------------  ---------------------- 
                                 GBP0.065                                       2,839,085 
  ---------------------------------------------------------------------  ---------------------- 
 d)    Aggregated information                    N/A single transaction 
      ----------------------------------------  ----------------------------------------------- 
  Aggregated volume                         N/A single transaction 
 ----------------------------------------  ---------------------------------------------------- 
  Price                                     N/A single transaction 
 ----------------------------------------  ---------------------------------------------------- 
 e)    Date of the transaction                   7 March 2022 
      ----------------------------------------  ----------------------------------------------- 
 f)    Place of the transaction                  AIMX 
      ----------------------------------------  ----------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                      Mr Arvind Gupta, PCA with Sri Hari Vallabhaa 
                                                  Enterprises & Investments Private Limited 
      ----------------------------------------  ------------------------------------------------ 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------ 
 a)    Position/status                           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                        Ordinary shares of 0.0147p each 
        financial instrument, 
        type of instrument 
      ----------------------------------------  ------------------------------------------------ 
       Identification code                       IM00B2R3RX72 
      ----------------------------------------  ------------------------------------------------ 
 b)    Nature of the transaction                 Sale of Ordinary Shares 
      ----------------------------------------  ------------------------------------------------ 
 c)    Price(s) and volumes(s)                          Price(s)                Volume(s) 
      ----------------------------------------  -----------------------  ----------------------- 
                                 GBP0.065                                       3,795,447 
  ---------------------------------------------------------------------  ----------------------- 
 d)    Aggregated information                    N/A single transaction 
      ----------------------------------------  ------------------------------------------------ 
  Aggregated volume                         N/A single transaction 
 ----------------------------------------  ----------------------------------------------------- 
  Price                                     N/A single transaction 
 ----------------------------------------  ----------------------------------------------------- 
 e)    Date of the transaction                   7 March 2022 
      ----------------------------------------  ------------------------------------------------ 
 f)    Place of the transaction                  AIMX 
      ----------------------------------------  ------------------------------------------------ 
 
 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
      ---------------------------------------------------------------------------------- 
 a)    Name                                     Ms Avantika Gupta, PCA with Gleneagle 
                                                 Trading FZE 
      ---------------------------------------  ----------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------- 
 a)    Position/status                          Director 
      ---------------------------------------  ----------------------------------------- 
 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                       Ordinary shares of 0.0147p each 
        financial instrument, 
        type of instrument 
      ---------------------------------------  ----------------------------------------- 
       Identification code                      IM00B2R3RX72 
      ---------------------------------------  ----------------------------------------- 
 b)    Nature of the transaction                Purchase of Ordinary Shares 
      ---------------------------------------  ----------------------------------------- 
 c)    Price(s) and volumes(s)                       Price(s)             Volume(s) 
      ---------------------------------------  --------------------  ------------------- 
                              GBP0.0675                                   8,903,617 
  -----------------------------------------------------------------  ------------------- 
 d)    Aggregated information                   N/A single transaction 
      ---------------------------------------  ----------------------------------------- 
  Aggregated volume                        N/A single transaction 
 ---------------------------------------  ---------------------------------------------- 
  Price                                    N/A single transaction 
 ---------------------------------------  ---------------------------------------------- 
 e)    Date of the transaction                  7 March 2022 
      ---------------------------------------  ----------------------------------------- 
 f)    Place of the transaction                 AIMX 
      ---------------------------------------  ----------------------------------------- 
 

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END

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March 11, 2022 07:15 ET (12:15 GMT)

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