REG - Corcel PLC - Director/PDMR Shareholding

CorcelAnnouncement

19/05/2025 10:45

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RNS Number : 2214J  Corcel PLC  19 May 2025

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 (mailto: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                                       1.   10,000,000

                                     3.   £0.003                                       2.   25,000,000

                                                                                       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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