REG - Oriole Resources PLC - Directors Dealings

Oriole ResourcesAnnouncement

13/11/2024 12:45

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RNS Number : 1242M  Oriole Resources PLC  13 November 2024

Oriole Resources PLC

('Oriole Resources' or 'the Company' or 'the Group')

 

Directors Dealings

 

Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed
on West and Central Africa, announces that Eileen Carr, the Company's
Non-Executive Chair, has today acquired 13,500,000 Ordinary Shares in the
Company ('Ordinary Shares') at an average price of 0.30 pence per share, and
Martin Rosser, the Company's Chief Executive Officer, has acquired 2,675,585
Ordinary Shares at a price of 0.30 pence per share. The shares purchased
represents 0.35% and 0.07% of the issued share capital of the Company
respectively.

 

The Company's Ordinary Shares referred to above are Oriole Resources plc
Ordinary Shares of 0.1 pence each and the total number of shares in issue is
3,895,872,338.

 

Resultant holdings in the Company's Ordinary Shares are as set out below:

 

 

 Name           Number of Ordinary Shares held prior to transaction  Number of Ordinary Shares Purchased  Resultant shareholding in the Company following the transaction  Percentage of the issued share capital of the Company following the
                                                                                                                                                                           transaction
 Eileen Carr    168,172,969                                          13,500,000                           181,672,969                                                      4.66
 Martin Rosser  3,000,000                                            2,675,585                            5,675,585                                                        0.15

 

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

 

 

** ENDS **

 

ANNEX - PDMR notifications

 

Template for 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

                                                                    Eileen Carr

 2    Reason for the notification

 a)   Position/status                                              Non-Executive Chair

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Oriole Resources PLC

 b)   LEI                                                          213800X32GJR5AGAR511

 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 0.1 pence each in the capital of the Company

      Identification code                                          Ordinary Share ISIN: GB00B0T29327

 b)   Nature of the transaction                                    Purchase of new shares.

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     0.299p            3,500,000
                                                                                     0.2999p           5,000,000
                                                                                     0.2934p           5,000,000

 d)   Aggregated information

      - Aggregated volume                                          13,500,000 Ordinary Shares of 0.1 pence each

      - Price                                                      0.30 pence per Ordinary Share

 e)   Date of the transaction                                      13(th) November 2024

 f)   Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name

                                                                    Martin Rosser

 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                                                         Oriole Resources PLC

 b)   LEI                                                          213800X32GJR5AGAR511

 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 0.1 pence each in the capital of the Company

      Identification code                                          Ordinary Share ISIN: GB00B0T29327

 b)   Nature of the transaction                                    Purchase of new shares.

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     0.299p            2,675,585

 d)   Aggregated information

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      13(th) November 2024

 f)   Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

 

 

 

For further information please visit www.orioleresources.com
(http://www.orioleresources.com) , @OrioleResources on X, or contact:

 Oriole Resources Plc                      Tel: +44 (0)23 8065 1649
 Martin Rosser / Bob Smeeton / Claire Bay

 BlytheRay (IR/PR Contact)                 Tel: +44 (0)20 7138 3204
 Tim Blythe / Megan Ray

 Grant Thornton UK LLP                     Tel: +44 (0)20 7383 5100
 Samantha Harrison / Ciara Donnelly /Elliot Peters
 SP Angel Corporate Finance LLP            Tel: +44 (0)20 3470 0470

 Ewan Leggat / Kasia Brzozowska

 

Notes to Editors:

 

Oriole Resources PLC is an AIM-listed gold exploration company, operating
in West Africa. It is focussed on early-stage exploration
in Cameroon, where the Company has reported a Resource of 375,000oz Au at
2.30g/t in the JORC Inferred category at its 82.2(1)%-owned Bibemi project and
has identified multi-kilometre gold and lithium anomalism within the
district-scale Central Licence Package project. BCM International is
currently earning up to a 50% interest in the Bibemi and Mbe projects in
return for a combined investment of US$1.5 million in signature payments, up
to US$8 million in exploration expenditure, as well as JORC resource-based
success payments.

At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl
('AGEM'), a wholly-owned subsidiary of Managem Group, has recently completed
a six-year earn-in to acquire an estimated 59% beneficial interest in the
Senala Exploration Licence by spending US$5.8 million. A review of
expenditure and discussions on the formation of a joint-venture company are
currently underway. The Company also has several interests and royalties in
companies operating in East Africa and Turkey that could deliver future
cash flow.

 1  Oriole is currently undertaking a restructuring process that, once
completed, will see it hold a 90% interest in Bibemi (announcement dated 17
October 2024).

 

 

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