REG - Corcel PLC - Director/PDMR Shareholding

CorcelAnnouncement

23/05/2025 17:45

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RNS Number : 0633K  Corcel PLC  23 May 2025

 

 

Corcel PLC

("Corcel" or the "Company")

 

Director/PDMR Dealings

 

23 May 2025

 

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

 

Mr. Gilbert has rebalanced his portfolio through the sale of a total of
5,885,587 Ordinary shares and the re-purchase of 5,869,828 Ordinary shares
into his ISA. In addition, Mr. Gilbert has transferred 5,000,000 Ordinary
shares to a family member.

 

Following these transactions, the total aggregate shareholding of Mr.
Gilbert is 75,484,241 Ordinary Shares equating to 1.35% of the Company's
issued share capital, representing no material changes to his shareholding.

 

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                                                  Scott Gilbert
 2                                   Reason for the notification
 a)                                  Position/status                                        Chief Executive Officer

 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                                       Disposal of shares
 c)  Price(s) and volumes(s)                                         Price(s)                                    Volume(s)
                                     1.   £0.0034                                          1. 15,759

 d)  Aggregated information
     Aggregated volume                                               N/A
     Price                                                           N/A
 e)  Date of the transaction                                         19 May 2025
 f)  Place of the transaction                                        London, AIMX

 

 

 

 

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