REG - Oriole Resources PLC - Update on Salary Sacrifice Scheme
04/01/2023 07:00
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RNS Number : 5780L Oriole Resources PLC 04 January 2023
Oriole Resources Plc
('Oriole' or 'the Company')
Update on Salary Sacrifice Scheme
Oriole Resources PLC, the AIM-quoted exploration company focussed on West
Africa, announces an update on the extension to the salary sacrifice scheme
referred to in the Announcement dated 2 November 2022 and in which all
directors are participating. The sixth tranche of gross salary to be
sacrificed, totalling £7k, has been converted, using the 30-day VWAP on 31
December 2022 (0.1558 pence), to 2,725,021 new ordinary shares of 0.1p each
in the Capital of the Company ('Ordinary Shares') as set out below:
Name Number of Ordinary Shares Issued Resultant shareholding in the Company Percentage of the issued share capital of the Company 1 (#_ftn1)
Eileen Carr 299,903 36,411,564 1.34%
Tim Livesey 910,622 35,112,574 1.29%
David Pelham 239,625 5,840,132 0.21%
Claire Bay 546,373 7,822,453 0.29%
Bob Smeeton 728,498 29,879,779 1.10%
1 Note: Discrepancies may occur due to rounding.
Following the issue of these shares, the Directors will collectively hold
4.22% of the issued share capital of the Company as outlined in the above
table.
The shares will be issued as fully paid and will rank pari passu in all
respects with the existing Ordinary Shares, including the right to receive
dividends and other distributions declared on or after the date on which they
are issued.
Application will be made to the London Stock Exchange for the Shares to be
admitted to trading on AIM ('Admission') at 8.00 a.m. on or around 9 January
2023.
Total Voting Rights
Following Admission of the Shares, the Company's issued share capital will be
2,726,066,861 Ordinary Shares. This figure of 2,726,066,861 may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.
Further details of the PDMR dealings are included below. This information
has been provided in accordance with Article 5(1)(b) of the Market Abuse
Regulation (EU) No 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018.
** ENDS **
For further information please visit www.orioleresources.com
(http://www.orioleresources.com) , @OrioleResources on Twitter,
or contact:
Oriole Resources Plc Tel: +44 (0)20 830 9650
Tim Livesey / Bob Smeeton / Claire Bay
BlytheRay (IR/PR Contact) Tel: +44 (0)20 7138 3204
Tim Blythe / Megan Ray / Rachel Brooks
Grant Thornton UK LLP Tel: +44 (0)20 7383 5100
Samantha Harrison / George Grainger / Ciara Donnelly
Shard Capital Partners LLP Tel: +44 (0)20 7186 9900
Damon Heath / Erik Woolgar / Isabella Pierre
Notes to Editors:
Oriole Resources PLC is an AIM-listed exploration company, operating West
Africa. It is focused on early-stage exploration in Cameroon (Bibemi, Wapouzé
and Central Licence Package projects) and the more advanced Senala gold
project in Senegal, where IAMGOLD has the option to spend US$8 million to earn
a 70% interest. IAMGOLD has recently notified the Company that it has, under
the terms of the agreement, met the first commitment by spending US$4 million
within an initial four years. Subject to the Company completing a review of
these expenditures, IAMGOLD will acquire a 51% interest in Senala. The Company
also has several interests and royalties in companies operating throughout
Africa and Turkey that could deliver future cash flow, and it continues to
assess new opportunities in both regions.
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 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 Issue of shares in lieu of salary
c) Price(s) and volume(s)
Price(s) Volume(s)
0.1558 299,903
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 3 January 2023
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Tim Livesey
2 Reason for the notification
a) Position/status CEO
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 Issue of shares in lieu of salary
c) Price(s) and volume(s)
Price(s) Volume(s)
0.1558 910,622
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 3 January 2023
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name David Pelham
2 Reason for the notification
a) Position/status Director
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 Issue of shares in lieu of salary
c) Price(s) and volume(s)
Price(s) Volume(s)
0.1558 239,625
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 3 January 2023
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Claire Bay
2 Reason for the notification
a) Position/status Executive Director
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 Issue of shares in lieu of salary
c) Price(s) and volume(s)
Price(s) Volume(s)
0.1558 546,373
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 3 January 2023
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Bob Smeeton
2 Reason for the notification
a) Position/status CFO
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 Issue of shares in lieu of salary
c) Price(s) and volume(s)
Price(s) Volume(s)
0.1558 728,498
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 3 January 2023
f) Place of the transaction Outside a trading venue
(#_ftnref1)
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