REG - Reabold Resources - Transaction in Own Shares

Reabold ResourcesAnnouncement

03/05/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230503:nRSC1894Ya&default-theme=true

RNS Number : 1894Y  Reabold Resources PLC  03 May 2023

3 May 2023

Reabold Resources plc

 

("Reabold" or the "Company")

Transaction in Own Shares

 

Reabold Resources plc, the oil & gas investing company with a diversified
portfolio of exploration, appraisal and development projects, announces that,
in accordance with the terms of its share buyback programme announced on 28
April 2023, it has purchased the following number of ordinary shares of 0.1
pence each in the capital of the Company ("Ordinary Shares") through Stifel
Nicolaus Europe Limited ("Stifel"). The repurchased shares will be held in the
Company's Treasury.

 

 Date of purchase:                                                         2 May 2023
 Aggregate number of Ordinary Shares purchased:                            1,689,620
 Lowest price paid per Ordinary Share (pence per share):                   0.1900 pence
 Highest price paid per Ordinary Share (pence per share):                  0.1947 pence
 Volume weighted average price paid per Ordinary Share (pence per share):  0.1928 pence

 

Following the share buyback, the Company will have 9,173,887,982 Ordinary
Shares in issue, and 3,499,927 Ordinary Shares held in Treasury.

 

The figure of 9,173,887,982 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.

 

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation) as in force in the UK by virtue of the European Union
(Withdrawal) Act 2018, the table below contains detailed information of the
individual trades made by Stifel as part of the buyback programme.

 

Schedule of purchases:

 

 Ordinary Shares purchased:  Reabold Resources plc (ISIN: GB00B95L0551)
 Date of purchases:          2 May 2023
 Investment firm:            Stifel Nicolaus Europe Limited

 

Individual transactions:

 Transaction date and time  Number of shares purchased  Transaction price (pence per share)  Trading venue
 2 May 2023, 03:41 PM       1,000,000                   0.1947                               LSE
 2 May 2023, 03:48 PM       689,620                     0.1900                               LSE

 

For further information, please contact:

 

 Reabold Resources plc
 Stephen Williams (Co-CEO)                                  +44 (0) 20 3757 4980 (UK)
 Sachin Oza (Co-CEO)

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

 Callum Stewart

 Jason Grossman

 Simon Mensley

 Ashton Clanfield

 Strand Hanson Limited (Nominated & Financial Adviser)      +44 (0) 20 7409 3494 (UK)
 James Spinney

 James Dance

 Rob Patrick

 finnCap Ltd (Joint Broker)                                 +44 (0) 20 7220 0500 (UK)
 Christopher Raggett

 Barney Hayward

 Camarco (Public Relations)                                 +44 (0) 203 757 4980 (UK)
 Billy Clegg
 Rebecca Waterworth

 

About Reabold Resources

 

Reabold Resources plc has a diversified portfolio of exploration, appraisal
and development oil & gas projects. Reabold's strategy is to invest in
low-risk, near-term projects which it considers to have significant valuation
uplift potential, with a clear monetisation plan, where receipt of such
proceeds will be returned to shareholders and re-invested into further growth
projects. This strategy is illustrated by the recent sale of the undeveloped
Victory gas field to Shell, the proceeds of which are being returned to
shareholders and re-invested.

 

The information contained within this announcement is considered to be inside
information prior to its release, as defined in Article 7 of the Market Abuse
Regulation No. 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018, as amended.

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSNKBBDKBKBAPK