REG - Reabold Resources - Director/PDMR Shareholding

Reabold ResourcesAnnouncement

14/06/2024 07:00

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RNS Number : 4074S  Reabold Resources PLC  14 June 2024

14 June 2024

 

Reabold Resources plc

 

("Reabold" or the "Company")

 

Director/PDMR Dealings

 

Reabold Resources plc, the investing company focussed on developing strategic
gas projects for European energy security, announces that on 13 June 2024, the
following transactions were made by Directors of the Company.

 

a)   Sachin Oza, Co-Chief Executive Officer, has, in order to effect a "Bed
and ISA" transaction, sold 16,744,286 Ordinary Shares in the Company at a
price of 0.0575 pence per share from his personal holding and immediately
purchased 25,000,000 shares at a price of 0.0665 pence per share into his
Individual Savings Account ("ISA"), and separately purchased a further
135,714,285 Ordinary Shares at a price of 0.07 pence per share.

 

b)   Stephen Williams, Co-Chief Executive Officer, purchased 40,000,000
Ordinary Shares at a price of 0.0698 pence per share.

 

Following these transactions, which are further detailed in the PDMR
Notification Forms below, Sachin Oza's (including persons closely associated
with Sachin Oza) ultimate beneficial ownership is 219,720,298 Ordinary Shares,
representing 2.16% of the Company's issued share capital (excluding treasury
shares). Stephen Williams' (including persons closely associated with Stephen
Williams) ultimate beneficial ownership is 87,304,697 Ordinary Shares,
representing 0.86% of the Company's issued share capital (excluding treasury
shares).

 

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 of 0.1p each

     Identification code

                                              GB00B95L0551

 b)  Nature of the transaction                1.   Sale of Ordinary Shares

                                              2.   Purchase of Ordinary Shares

                                              3.   Purchase of Ordinary Shares

 c)  Price(s) and volume (s)                  Price (s)       Volume (s)
                                              1.   0.0575p    16,744,286
                                              2.   0.0665p    25,000,000
                                              3.   0.0700p    135,714,285
 d)  Aggregated information                   Aggregate share purchases:

     ·      Volume                            ·      160,714,285 Ordinary Shares

     ·      Price                             ·      0.0695p

     ·      Total                             ·      £111,625

                                              Aggregate share sales: N/A - single transaction
 e)  Date of the transaction                  13 June 2024
 f)  Place of the transaction                 London Stock Exchange, AIM

d)

Aggregated information

·      Volume

·      Price

·      Total

Aggregate share purchases:

·      160,714,285 Ordinary Shares

·      0.0695p

·      £111,625

Aggregate share sales: N/A - single transaction

e)

Date of the transaction

13 June 2024

f)

Place of the transaction

London Stock Exchange, AIM

 

 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 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)
                                              0.0698p    40,000,000
 d)  Aggregated information

     ·      Volume                            ·      40,000,000 Ordinary Shares

     ·      Price                             ·      0.0698p

     ·      Total                             ·      £27,920
 e)  Date of the transaction                  13 June 2024
 f)  Place of the transaction                 London Stock Exchange, AIM

d)

Aggregated information

·      Volume

·      Price

·      Total

 

·      40,000,000 Ordinary Shares

·      0.0698p

·      £27,920

e)

Date of the transaction

13 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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