REG - Reabold Resources - Director/PDMR Dealings

Reabold ResourcesAnnouncement

21/11/2022 15:45

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RNS Number : 1078H  Reabold Resources PLC  21 November 2022

21 November 2022

 

Reabold Resources plc

 

("Reabold" or the "Company")

 

 

Director/PDMR Dealings

 

 

Reabold, the AIM quoted investing company with a portfolio of upstream oil and
gas projects, announces the following purchases of ordinary shares of 0.1p in
capital of the Company ("Ordinary Shares") by Directors/PDMRs:

 

·      Stephen Williams, Co-Chief Executive Officer, today purchased
10,660,744 Ordinary Shares at an average price of approximately 0.27 pence per
share.

·      The spouse (being a 'person closely associated') of Stephen
Williams, today purchased 7,000,000 Ordinary Shares at a price of 0.295 pence
per share.

·      Sachin Oza, Co-Chief Executive Officer, today purchased
25,644,236 Ordinary Shares at an average price of approximately 0.28 pence per
share.

·      The spouse (being a 'person closely associated') of Sachin Oza,
today purchased 13,544,242 Ordinary Shares at a price of approximately 0.30
pence per share.

 

Following these transactions, which are further detailed in the PDMR
Notification Forms below, Stephen Williams' (including his spouse) ultimate
beneficial ownership is 47,304,697 Ordinary Shares, representing 0.53% of the
Company's issued share capital, and Sachin Oza's (including his spouse)
ultimate beneficial ownership is 75,750,299 Ordinary Shares, representing
0.85% of the Company's issued share capital.

 

The below notifications are made in accordance with the Article 19 of the
Market Abuse Regulation (EU) 596/2014 as it forms part of United Kingdom
domestic law by virtue of the European Union (Withdrawal) Act 2018, as
amended.

 

PDMR Notification Forms:

 

 1.   Details of the person discharging managerial responsibilities / person
 closely associated

 a)  Name                                     Stephen Williams
 b)  Position / status                        Co-CEO

 c)  Initial notification / amendment         Initial Notification

 2.   Details of the issuer or emission allowance market participant

 a)  Name                                     Reabold Resources PLC
 b)  LEI                                      2138006DR8T8XE87OC49
 3.   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  Ordinary shares of 0.1p per share par value

     Identification code

                                              GB00B95L0551

 b)  Nature of the transaction                Purchase of Ordinary Shares

 c)  Price(s) and volume (s)                  Price (s)  Volume (s)
                                              0.27p      1,960,744
                                              0.2755p    5,000,000
                                              0.269p     3,700,000
 d)  Aggregated information

     ·      Aggregated volume                 10,660,744

     ·      Price                             Approximately 0.27 pence per share
 e)  Date of the transaction                  21 November 2022
 f)  Place of the transaction                 London Stock Exchange, AIM

d)

Aggregated information

·      Aggregated volume

·      Price

 

10,660,744

Approximately 0.27 pence per share

e)

Date of the transaction

21 November 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

 1.   Details of the person discharging managerial responsibilities / person
 closely associated

 a)  Name                                     Spouse of Stephen Williams
 b)  Position / status                        Notification concerns a PCA of Stephen Williams (Co-Chief Executive Officer)
 c)  Initial notification / amendment         Initial Notification

 2.   Details of the issuer or emission allowance market participant

 a)  Name                                     Reabold Resources PLC
 b)  LEI                                      2138006DR8T8XE87OC49
 3.   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  Ordinary shares of 0.1p per share par value

     Identification code

                                              GB00B95L0551

 b)  Nature of the transaction                Purchase of Ordinary Shares

 c)  Price(s) and volume (s)                  Price (s)  Volume (s)
                                              0.295p     7,000,000
 d)  Aggregated information

     ·      Aggregated volume                 7,000,000

     ·      Price                             0.295 pence per share
 e)  Date of the transaction                  21 November 2022
 f)  Place of the transaction                 London Stock Exchange, AIM

d)

Aggregated information

·      Aggregated volume

·      Price

 

7,000,000

0.295 pence per share

e)

Date of the transaction

21 November 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

 1.   Details of the person discharging managerial responsibilities / person
 closely associated

 a)  Name                                     Sachin Oza
 b)  Position / status                        Co-CEO

 c)  Initial notification / amendment         Initial Notification

 2.   Details of the issuer or emission allowance market participant

 a)  Name                                     Reabold Resources PLC
 b)  LEI                                      2138006DR8T8XE87OC49
 3.   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  Ordinary shares of 0.1p per share par value

     Identification code

                                              GB00B95L0551

 b)  Nature of the transaction                Purchase of Ordinary Shares

 c)  Price(s) and volume (s)                  Price (s)  Volume (s)
                                              0.27p      16,978,494
                                              0.304p     3,285,542
                                              0.2788p    5,380,200
 d)  Aggregated information

     ·      Aggregated volume                 25,644,236

     ·      Price                             Approximately 0.28 pence per share
 e)  Date of the transaction                  21 November 2022
 f)  Place of the transaction                 London Stock Exchange, AIM

d)

Aggregated information

·      Aggregated volume

·      Price

 

25,644,236

Approximately 0.28 pence per share

e)

Date of the transaction

21 November 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

 1.   Details of the person discharging managerial responsibilities / person
 closely associated

 a)  Name                                     Spouse of Sachin Oza
 b)  Position / status                        Notification concerns a PCA of Sachin Oza (Co-Chief Executive Officer)
 c)  Initial notification / amendment         Initial Notification

 2.   Details of the issuer or emission allowance market participant

 a)  Name                                     Reabold Resources PLC
 b)  LEI                                      2138006DR8T8XE87OC49
 3.   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  Ordinary shares of 0.1p per share par value

     Identification code

                                              GB00B95L0551

 b)  Nature of the transaction                Purchase of Ordinary Shares

 c)  Price(s) and volume (s)                  Price (s)  Volume (s)
                                              0.294p     11,904,421
                                              0.3027p    1,649,821
 d)  Aggregated information

     ·      Aggregated volume                 13,554,242

     ·      Price                             Approximately 0.30 pence per share
 e)  Date of the transaction                  21 November 2022
 f)  Place of the transaction                 London Stock Exchange, AIM

d)

Aggregated information

·      Aggregated volume

·      Price

 

13,554,242

Approximately 0.30 pence per share

e)

Date of the transaction

21 November 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

 

This announcement contains inside information for the purposes of the UK
version of the market abuse regulation (EU No. 596/2014) as it forms part of
United Kingdom domestic law by virtue of the European Union (Withdrawal) Act
2018, as amended.

 

For further information, contact:

 

 Reabold Resources plc                                      c/o Camarco

 Sachin Oza                                                 +44 (0) 20 3757 4980

 Stephen Williams

 Strand Hanson Limited - Nominated & Financial Adviser      +44 (0) 20 7409 3494

 James Spinney

 James Dance

 Rob Patrick

 Stifel Nicolaus Europe Limited - Joint Broker              +44 (0) 20 7710 7600

 Callum Stewart

 Simon Mensley

 Ashton Clanfield

 Panmure Gordon - Joint Broker                              +44 (0) 207 886 2733

 Hugh Rich

 Camarco                                                    +44 (0) 20 3757 4980

 Billy Clegg

 Rebecca Waterworth

 

 

 

Notes to Editors

 

Reabold Resources plc is an investing company investing in the exploration and
production ("E&P") sector and has a diversified portfolio of assets in
upstream oil & gas projects. Reabold aims to create value from each
project by investing in undervalued, low-risk, near-term projects and by
identifying a clear exit plan prior to investment. The Company's investing
policy is to acquire direct and indirect interests in exploration and
producing projects and assets in the natural resources sector, and
consideration is currently given to investment opportunities anywhere in the
world.

 

Reabold's long term strategy is to re-invest capital made through its
investments into larger projects in order to grow the Company. Reabold aims to
gain exposure to assets with limited downside and high potential upside,
capitalising on the value created between the entry stage and exit point of
its projects. The Company invests in projects that have limited correlation to
the oil price.

 

Reabold has a highly-experienced management team, who possess the necessary
background, knowledge and contacts to carry out the Company's strategy.

 

 

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