REG - Reabold Resources - Deferred Annual Bonus Plan Shares Option Awards

Reabold ResourcesAnnouncement

06/06/2024 10:45

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RNS Number : 4299R  Reabold Resources PLC  06 June 2024

6 June 2024

 

Reabold Resources plc

 

("Reabold" or the "Company")

 

Deferred Annual Bonus Plan 2023 Shares Option Awards

PDMR Dealing

Reabold Resources plc, the investing company focussed on developing strategic
gas projects for European energy security, announces that on 6 June 2024 (the
"Grant Date"), the following share option awards (the "Awards") were made to
certain Directors and Persons Discharging Managerial Responsibilities
("PDMRs") under the Reabold Resources plc Deferred Annual Bonus Plan (the
"Plan").

The Awards were made in accordance with the rules of the Plan and as provided
for in the 2023 Directors' Remuneration Report, which can be found in the
Company's 2023 Annual Report. The Awards represent 50% of the total 2023
annual bonus value, which is required to be deferred into nil-cost options
over ordinary shares of 0.1p each in the capital of the Company ("Ordinary
Shares"), pursuant to the terms of the Plan. In calculating the number of
Ordinary Shares over which the Awards have been made, the Remuneration
Committee has applied the closing price per Ordinary Share on the day prior to
the Grant Date.

The number of Ordinary Shares subject to the nil-cost options granted under
the Awards are set out in the table below. The nil-cost options will become
exercisable from the third anniversary of the Grant Date, subject to the terms
and conditions of the Plan.

 Director/PDMR     Position                    Number of Ordinary Shares subject to Award
 Sachin Oza        Co-Chief Executive Officer  36,839,030
 Stephen Williams  Co-Chief Executive Officer  36,839,030
 Chris Connolly    Chief Financial Officer     22,338,750

 

 

PDMR Notifications

 

The below notifications are made in accordance with the Article 19 of the
Market Abuse Regulation (EU) 596/2014, as it forms part of United Kingdom
domestic law by virtue of the European Union (Withdrawal) Act 2018, as
amended.

 

 1.   Details of the person discharging managerial responsibilities / person
 closely associated

 a)  Name                                     Sachin Oza
 2.   Reason for notification
 b)  Position / status                        Co-CEO

 c)  Initial notification / amendment         Initial Notification

 3.   Details of the issuer or emission allowance market participant

 a)  Name                                     Reabold Resources PLC
 b)  LEI                                      2138006DR8T8XE87OC49
 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 instrument  Ordinary Shares

     Identification code

                                              GB00B95L0551

 b)  Nature of the transaction                36,839,030 nil-cost options over Ordinary Shares awarded under the Reabold
                                              Deferred Annual Bonus Plan

 c)  Price(s) and volume (s)                  Price (s)          Volume (s)
                                              Nil consideration  36,839,030
 d)  Aggregated information

     ·      Volume                            N/A, single transaction

     ·      Price

     ·      Total
 e)  Date of the transaction                  6 June 2024
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

·      Volume

·      Price

·      Total

 

N/A, single transaction

e)

Date of the transaction

6 June 2024

f)

Place of the transaction

Outside a trading venue

 

 1.   Details of the person discharging managerial responsibilities / person
 closely associated

 a)  Name                                     Stephen Williams
 2.   Reason for notification
 b)  Position / status                        Co-CEO

 c)  Initial notification / amendment         Initial Notification

 3.   Details of the issuer or emission allowance market participant

 a)  Name                                     Reabold Resources PLC
 b)  LEI                                      2138006DR8T8XE87OC49
 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 instrument  Ordinary Shares

     Identification code

                                              GB00B95L0551

 b)  Nature of the transaction                36,839,030 nil-cost options over Ordinary Shares awarded under the Reabold
                                              Deferred Annual Bonus Plan

 c)  Price(s) and volume (s)                  Price (s)          Volume (s)
                                              Nil consideration  36,839,030
 d)  Aggregated information

     ·      Volume                            N/A, single transaction

     ·      Price

     ·      Total
 e)  Date of the transaction                  6 June 2024
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

·      Volume

·      Price

·      Total

 

N/A, single transaction

e)

Date of the transaction

6 June 2024

f)

Place of the transaction

Outside a trading venue

 

 1.   Details of the person discharging managerial responsibilities / person
 closely associated

 a)  Name                                     Chris Connolly
 2.   Reason for notification
 b)  Position / status                        CFO (PDMR)

 c)  Initial notification / amendment         Initial Notification

 3.   Details of the issuer or emission allowance market participant

 a)  Name                                     Reabold Resources PLC
 b)  LEI                                      2138006DR8T8XE87OC49
 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 instrument  Ordinary Shares

     Identification code

                                              GB00B95L0551

 b)  Nature of the transaction                22,338,750 nil-cost options over Ordinary Shares awarded under the Reabold
                                              Deferred Annual Bonus Plan

 c)  Price(s) and volume (s)                  Price (s)          Volume (s)
                                              Nil consideration  22,338,750
 d)  Aggregated information

     ·      Volume                            N/A, single transaction

     ·      Price

     ·      Total
 e)  Date of the transaction                  6 June 2024
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

·      Volume

·      Price

·      Total

 

N/A, single transaction

e)

Date of the transaction

6 June 2024

f)

Place of the transaction

Outside a trading venue

 

 

 

For further information please contact:

 Reabold Resources plc                                        c/o Camarco

 Sachin Oza                                                   +44 (0) 20 3757 4980

 Stephen Williams

 Strand Hanson Limited - Nominated & Financial Adviser        +44 (0) 20 7409 3494

 James Spinney

 James Dance

 Rob Patrick

 Cavendish - Broker

 Neil McDonald                                                +44 (0) 20 7220 0500

 Pearl Kellie

 Camarco                                                      +44 (0) 20 3757 4980

 Billy Clegg

 Rebecca Waterworth

 Sam Morris

 

Notes to Editors

Reabold Resources plc has a diversified portfolio of exploration, appraisal
and development oil & gas projects. Reabold's strategy is to invest in
low-risk, near-term projects which it considers to have significant valuation
uplift potential, with a clear monetisation plan, where receipt of such
proceeds will be returned to shareholders and re-invested into further growth
projects. This strategy is illustrated by the recent sale of the undeveloped
Victory gas field to Shell, the proceeds of which are being returned to
shareholders and re-invested.

 

 

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