REG - Reabold Resources - Subscription Completes, PDMR Shareholdings <Origin Href="QuoteRef">RBDR.L</Origin>

Reabold ResourcesAnnouncement

19/04/2017 17:45

RNS Number : 7875C
Reabold Resources PLC
19 April 2017
For immediate release 19 April 2017 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 ("MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION AS PERMITTED BY MAR. THAT INSIDE INFORMATION IS SET OUT IN THIS ANNOUNCEMENT AND HAS BEEN DISCLOSED AS SOON AS POSSIBLE IN ACCORDANCE WITH PARAGRAPH 7 OF ARTICLE 17 OF MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION IN RELATION TO THE COMPANY AND ITS SECURITIES
REABOLD RESOURCES PLC
"Reabold" or the "Company"
Completion of Subscription
PDMR Shareholdings
Further to the announcement made earlier today ("Earlier Announcement") Reabold Resources Plc (LSE AIM:RBD) is pleased to announce completion of the subscription (the "Subscription") of a total of 73,500,000 new ordinary shares to raise a total of 367,500 gross proceeds on the basis of the Earlier Announcement.
PDMR Shareholdings 
Mr Jeremy Edelman, a PDMR, has subscribed for new ordinary shares pursuant to the Subscription (the "Subscription Shares") as follows: 
Name
Number of Existing Ordinary Shares
Number of Subscription Shares subscribed for
Total Number of Ordinary Shares held on Admission of Subscription Shares 
Percentage of Enlarged Ordinary Share Capital on as enlarged by Admission of Subscription Shares 
(the "Enlarged Share Capital")
Saltwind Enterprises Limited *
("Saltwind")
 124,000,000
 10,000,000
 134,000,000
 34%
*a company of which Jeremy Edelman is a director and shareholder. In addition Jeremy Edelman holds 25,000,000 ordinary shares in his own name and so, taken together with Saltwind, holds 159,000,000 ordinary shares representing 40.03% of the Enlarged Share Capital.
For further information please contact:
Reabold Resources plc
Jeremy Edelman +44(0)207 460 2353
Antony Samaha
Beaumont Cornish Limited
Roland Cornish/ Felicity Geidt +44 (0) 20 7628 3396
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in respect of the PDMR subscribing for Subscription Shares as described above. 
Jeremy Edelman 
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jeremy Edelman
2
Reason for notification
a)
Position / status
Chairman
b)
Initial notification
/Amendment
Initial 
3
Detailsoftheissuer, emissionallowancemarketparticipant,auctionplatform, auctioneerorauctionmonitor
a)
Name
Reabold Resources plc
b) 
LEI
2138006DR8T8XE87OC49
4
Detailsofthetransaction(s): sectiontoberepeatedfor(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplace wheretransactions havebeenconducted
a)
Description of the financial instrument, type ofinstrument
Identification code
Ordinary shares of 0.1 pence each in Reabold Resources plc 
ISIN GB00B95L0551

Nature of the transaction
Subscription of new ordinary shares as described above 
c)
Price(s) and volumes(s)
Price(s)
Volumes(s)
0.5 pence
10,000,000
d)
Aggregated information
n/a
e)
Date of the transaction
19 April 2017
f)
Place of the transaction
London Stock Exchange, AIM (XLON)

This information is provided by RNS
The company news service from the London Stock Exchange
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