Director/PDMR Shareholding

Corcel

19/05/2025 10:41

RNS Number : 4670J

Corcel PLC

20 May 2025

 

20 May 2025

 

The following amendment has been made to the Director/PDMR Dealings announcement released on 19 May 2025 at 10:41 under RNS No 2214J.

 

In the PDMR Table 4(c), numbers (1) and (2) in the volume column have been swapped around to agree with the text above.

 

All other details remain unchanged.

 

The full amended text is shown below:

 

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014, which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

 

Corcel PLC

("Corcel" or the "Company")

 

Director/PDMR Dealings

 

19 May 2025

 

Corcel plc, (London AIM: CRCL), the Angola-Brazil focused energy company, announces that is has been informed of the following dealings by directors in the Ordinary Shares of the Company.

 

Mr. Scott Gilbert, Chief Executive Officer, has purchased 25,000,000 Ordinary shares of £0.0001 at a price of £0.003 totaling £75,000.00

 

Ms. Geraldine Geraldo, Executive Director, has purchased 10,000,000 Ordinary shares of £0.0001 at a price of £0.003 totaling £30,000.00

 

Mr. Pradeep Kabra, Independent Non-Executive Chairman, has purchased 10,000,000 Ordinary shares of £0.0001 at a price of £0.003 totaling £30,000.00

 

Following these purchase of shares, the resultant Directors' shareholdings are as follows:

Directors
Total shares
% of Issued Share Capital
Options
Warrants
Pradeep Kabra
24,110,586
0.43%
31,490,580
0
Scott Gilbert
75,500,000
1.35%
31,490,580
0
Geraldine Geraldo
114,675,000
2.06%
31,490,580
39,975,000

 

 

For further information, please contact:

 

Scott Gilbert                                                                            

Corcel Plc, CEO & Director

Development@Corcelplc.com                                                                           

 

James Joyce / James Bavister / Andrew de Andrade   

Zeus Capital Ltd, NOMAD & Broker

020 3829 5000        

                                                                                     

Jonathan Wright / Rupert Holdsworth Hunt                             

Auctus Advisors LLP , Joint Broker

07711 627449

 

Patrick d'Ancona                                                                     

Vigo Consulting Limited, IR

0207 3900 230                                                                          

 

About Corcel:

Corcel has a notable oil and gas portfolio in onshore Angola that includes brownfield redevelopment opportunities and significant exploration upside. Corcel marked a new country entry into Brazil through the option to acquire rights to producing gas and exploration assets, further diversifying its portfolio and enhancing its growth potential.

 

Corcel's Angola portfolio consists of interests in three licenses:

 

·      KON - 16 upon completion: operated - 80% working interest - 71.5% net to CRCL

·      KON - 11 Non-Operated - 20% working interest - 18% net to CRCL

·      KON - 12 Non-Operated - 25% working interest - 22.5% net to CRCL

 

Corcel's Brazil portfolio consists of the option to acquire:

 

·      20% interest in the IRAI gas field

·      Right-of-first refusal ("ROFR") over the remaining 80% in the IRAI field

·      ROFR for 100% of the adjacent TUC-T-172 exploration block, located in the state of Bahia, onshore Brazil

 

Corcel's Battery Metals portfolio consists of an 80% working interest in the Mt Weld Rare Earth Elements project in Western Australia.

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
1. Scott Gilbert
2. Geraldine Geraldo
3. Pradeep Kabra
2
Reason for the notification
a)
Position/status
1. Chief Executive Officer
2. Executive Director
3. Non-Executive Chairman
b)
Initial notification/Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Corcel plc
b)
LEI
2138009ECXQQ3EGKVY57
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, type of instrument
Ordinary shares of £0.0001 each
Identification code
GB00BKM69866
b)
Nature of the transaction
Purchase of ordinary shares
c)
Price(s) and volumes(s)
Price(s)
Volume(s)
1. £0.003
2. £0.003
3. £0.003
1. 25,000,000
2. 10,000,000
3. 10,000,000
d)
Aggregated information
Aggregated volume
N/A
Price
N/A
e)
Date of the transaction
18 May 2025
f)
Place of the transaction
London, AIMX


 

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