REG - Reabold Resources - Directors’ Dealings
RNS Number : 2653NReabold Resources PLC28 January 202128 January 2021
Reabold Resources Plc
("Reabold" or the "Company")
Directors' Dealings
Reabold, the investor in upstream oil and gas projects, has been notified of the following purchases of ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") in the market, by certain Directors of the Company, as follows:
Director
Date of purchase
No. of Ordinary Shares Purchased
Price of Ordinary Shares purchased (pence)
No. of Ordinary Shares of beneficial interest following purchase
Percentage of the enlarged share capital held following purchase *
Stephen Williams
28/01/21
5,000,000
0.63p
17,222,111
0.20%
Sachin Oza
28/01/21
2,439,258
0.61p
20,894,497
0.25%
Anthony Samaha
28/01/21
1,000,000
0.60p
4,727,272
0.06%
* Based on Reabold's enlarged issued ordinary share capital following the issue of the Fundraise Shares announced on 28 January 2021 of 8,460,618,464 Ordinary Shares. The Fundraise Shares are being admitted to trading on AIM on 1 February 2021.
The FCA PDMR notifications, made in accordance with the requirements of the EU Market Abuse Regulation, are set out below.
For further information please contact:
Reabold Resources plc
Stephen Williams
Sachin Oza
c/o Camarco
+44 (0) 20 3757 4980
Strand Hanson Limited (Nominated and Financial Adviser)
James Spinney
Rory Murphy
James Dance
+44 (0)20 7409 3494
Camarco
James Crothers
Ollie Head
Billy Clegg
+44 (0) 20 3757 4980
Stifel Nicolaus Europe Limited - Joint Broker
Callum Stewart
Nicholas Rhodes
Ashton Clanfield
+44 (0) 20 7710 7600
Panmure Gordon - Joint Broker
Hugh Rich
Nick Lovering
+44 (0) 20 207 886 2733
Notes to Editors
Reabold Resources plc is an investing company investing in the exploration and production ("E&P") sector. 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.
As an investor in upstream oil & gas projects, Reabold aims to create value from each project by investing in undervalued, low-risk, near-term upstream oil & gas projects and by identifying a clear exit plan prior to investment.
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.
ANNEXURE
PDMR Disclosures
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
1. Stephen Williams
2. Sachin Oza
3. Anthony Samaha
2.
Reason for the Notification
a)
Position/status
1. Co-CEO
2. Co-CEO
3. 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
Reabold Resources plc
b)
LEI
2138006DR8T8XE87OC49
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 0.1p each ("Ordinary Shares")
Identification code
GB00B95L0551
b)
Nature of the Transaction
Purchase of Ordinary Shares in the Company
c)
Price(s) and volume(s)
Share Price (GBX)
Volume
1. 0.63p
2. 0.61p
3. 0.60p
1. 5,000,000
2. 2,439,258
3. 1,000,000
d)
Aggregated information
- Aggregated volume
- Price
8,439,258
e)
Date of the transaction
28 January 2021
f)
Place of the transaction
AIM, London Stock Exchange
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDDSHBUGDBIUDDGBI
Recent news on Reabold Resources
See all newsREG - Reabold Resources - HoA Signed between Gunvor and LNEnergy
AnnouncementREG - Reabold Resources - Operational and Corporate Update
AnnouncementRCS - Reabold Resources - Investor Presentation
AnnouncementREG - Reabold Resources - Notification of final tranche of Shell payment
AnnouncementREG - Reabold Resources - Transaction in Own Shares
Announcement