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Oracle Power Shares Gain After New Board Appointment

Updated: 22 Jul 2021

Oracle Power (LON: ORCP) announced David Hutchins' appointment to its board of directors as a non-executive director with immediate effect.

The natural resource exploration and development company said Hutchins is a highly experienced mining and commodities professional with more than 30 years in the industry. He currently holds the role of the Chair of the FTSE Gold Mines Index Committee.

Previously, Hutchins worked within fund management with several senior positions at M&G Group on his CV.

He was also a Fund Manager of Resources Investment Trust plc and later a Director and Fund Manager of Global Resources Investment Trust Plc, both London listed companies.

Additionally, Hutchins founded www.minesite.com, a mining industry-specific news website, and he currently sits on the Board of Wishbone Gold Plc, a gold company operating, which, like Oracle, has gold exploration projects in Australia.

Oracle’s CEO, Naheed Memon, said the company was delighted to welcome Hitchins, as 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.”

Oracle’s share price has climbed 3.46% to 0.594p per share from Tuesday’s close.

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