REG - Reabold Resources - Director/PDMR Dealing

Reabold ResourcesAnnouncement

17/06/2024 11:30

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RNS Number : 7171S  Reabold Resources PLC  17 June 2024

17 June 2024

 

Reabold Resources plc

 

("Reabold" or the "Company")

 

Director/PDMR Dealing

 

Reabold Resources plc, the investing company focussed on developing strategic
gas projects for European energy security, announces that on 14 June 2024, the
spouse (being a 'person closely associated') of Michael Felton, Non-executive
Director, purchased 33,332,006 Ordinary Shares at a price of 0.075 pence per
share.

 

Following this transaction, which is further detailed in the PDMR Notification
Form below, Michael Felton's (including persons closely associated with
Michael Felton) ultimate beneficial ownership is 58,572,605 Ordinary Shares,
representing 0.57% of the Company's issued share capital (excluding treasury
shares).

 

PDMR Notification

 

The below notification is 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                                     Alison Felton
 2.   Reason for notification
 b)  Position / status                        Notification concerns a PCA of Michael Felton (Non-executive Director)

 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 of 0.1p each

     Identification code

                                              GB00B95L0551

 b)  Nature of the transaction                Purchase of Ordinary Shares

 c)  Price(s) and volume (s)                  Price (s)  Volume (s)
                                              0.075p     33,332,006
 d)  Aggregated information                   ·      N/A, single transaction

     ·      Volume

     ·      Price

     ·      Total
 e)  Date of the transaction                  14 June 2024
 f)  Place of the transaction                 London Stock Exchange, AIM

d)

Aggregated information

·      Volume

·      Price

·      Total

·      N/A, single transaction

e)

Date of the transaction

14 June 2024

f)

Place of the transaction

London Stock Exchange, AIM

 

 

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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