REG - Reabold Resources - Directors’ Dealings

Reabold ResourcesAnnouncement

22/10/2021 07:00

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RNS Number : 8840P  Reabold Resources PLC  22 October 2021

22 October 2021

Reabold Resources plc

("Reabold" or the "Company")

Directors' Dealings

Reabold Resources, the AIM investing company which focuses on investments 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 share capital held following purchase
 Stephen Williams  21/10/21          12,421,842                        0.19p                                       29,643,953                                                        0.33%
 Sachin Oza        21/10/21          15,657,324                        0.20p                                       36,551,821                                                        0.41%
 Anthony Samaha    21/10/21          2,986,774                         0.19p                                       7,818,182                                                         0.09%
 Mike Felton       21/10/21          12,308,714                        0.20p                                       25,240,599                                                        0.28%

 

The FCA PDMR notifications, made in accordance with the requirements of the EU
Market Abuse Regulation, are set out below.

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit)
Regulations 2019.

 

 

 

For further information please contact:

 Reabold Resources plc                                    c/o Camarco

 Stephen Williams                                         +44 (0) 20 3757 4980

 Sachin Oza
 Strand Hanson Limited (Nominated and Financial Adviser)   +44 (0)20 7409 3494

 James Spinney

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

 Callum Stewart

 Simon Mensley

 Ashton Clanfield
 Panmure Gordon - Joint Broker                            +44 (0) 20 207 886 2733

 Hugh Rich

 Nick Lovering

 Camarco                                                  +44 (0) 20 3757 4980

 James Crothers

 Rebecca Waterworth

 Billy Clegg

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

                                                                  4.     Mike Felton
 2.  Reason for the Notification
 a)  Position/status                                              1.     Co-CEO

                                                                  2.     Co-CEO

                                                                  3.     Executive Director

                                                                  4.     Non-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. 0.19p           1. 12,421,842

                                                                  2. 0.20p           2. 15,657,324

                                                                  3. 0.19p           3. 2,986,774

                                                                  3. 0.20p           3. 12,308,714
 d)  Aggregated information

     -           Aggregated volume                                - 43,374,654

     -           Price                                            - 0.196

 e)  Date of the transaction                                      21 October 2021
 f)  Place of the transaction                                     AIM, London Stock Exchange

d)

Aggregated information

-           Aggregated volume

-           Price

 

- 43,374,654

- 0.196

 

e)

Date of the transaction

21 October 2021

f)

Place of the transaction

AIM, London Stock Exchange

 

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