8 August 2024
Oracle Power PLC
("Oracle" or the "Company")
Board Change
Withdrawal of AGM Resolution
Oracle Power PLC (AIM: ORCP) announces that Mark Steed has resigned from the board of Oracle ("Board") with immediate effect. As a result, Resolution 3, proposing the re-election of Mr Mark Steed as a director of the Company, which was to be proposed at the annual general meeting ("AGM") of the Company's shareholders, to be held this morning at 11.00 a.m. (UK time), has been withdrawn.
The withdrawal of Resolution 3 does not affect the validity of the notice of AGM, the proxy form, or any votes submitted in respect of the remaining resolutions to be proposed at the AGM. Arrangements for the AGM remain unchanged from those previously notified, as are the numbering of the remaining resolutions at the AGM.
Naheed Memon, CEO of Oracle, commented: "The Board wishes to thank Mark for his contribution and support as Chairman over recent years and wishes him well in his future endeavours."
-ENDS-
For further information, visit www.oraclepower.co.uk or contact:
| Oracle Power PLC Naheed Memon - CEO | +44 (0)203 580 4314 |
| Strand Hanson Limited Nominated Adviser & Joint Broker Rory Murphy, Matthew Chandler, Rob Patrick | +44 (0)207 409 3494 |
| St Brides Partners Limited Financial PR Susie Geliher, Isabel de Salis | oracle@stbridespartners.co.uk |
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