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RNS Number : 3472Y Reabold Resources PLC 04 May 2023
4 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: 3 May 2023
Aggregate number of Ordinary Shares purchased: 1,770,179
Lowest price paid per Ordinary Share (pence per share): 0.1845 pence
Highest price paid per Ordinary Share (pence per share): 0.1860 pence
Volume weighted average price paid per Ordinary Share (pence per share): 0.1849 pence
Following the share buyback, the Company will have 9,172,117,803 Ordinary
Shares in issue, and 5,270,106 Ordinary Shares held in Treasury.
The figure of 9,172,117,803 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: 3 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
3 May 2023, 11:11 AM 285,995 0.1860 LSE
3 May 2023, 12:36 PM 24,866 0.1860 LSE
3 May 2023, 02:13 PM 165,448 0.1860 LSE
3 May 2023, 04:34 PM 1,293,870 0.1845 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.
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