REG - Reabold Resources - Transaction in Own Shares

Reabold ResourcesAnnouncement

11/01/2024 07:00

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RNS Number : 3113Z  Reabold Resources PLC  11 January 2024

11 January 2024

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 13
December 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:                                                         10 January 2024
 Aggregate number of Ordinary Shares purchased:                            8,509,792
 Lowest price paid per Ordinary Share (pence per share):                   0.0840 pence
 Highest price paid per Ordinary Share (pence per share):                  0.0865 pence
 Volume weighted average price paid per Ordinary Share (pence per share):  0.0850 pence

 

Following the share buyback, the Company will have 10,194,413,490 Ordinary
Shares in issue, and 280,271,717 Ordinary Shares held in Treasury.

 

The figure of 10,194,413,490 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:          10 January 2024
 Investment firm:            Stifel Nicolaus Europe Limited

 

 

 

Individual transactions:

 Transaction date and time  Number of shares purchased  Transaction price (pence per share)  Trading venue
 10 January 2024, 11:22 AM  1,000,000                   0.0860                               LSE
 10 January 2024, 01:58 PM  1,876,543                   0.0855                               LSE
 10 January 2024, 02:00 PM  1,600,000                   0.0865                               LSE
 10 January 2024, 04:35 PM  4,033,249                   0.0840                               LSE

 

For further information, contact:

 

 Reabold Resources plc                                      c/o Camarco

 Sachin Oza                                                 +44 (0) 20 3757 4980

 Stephen Williams

 Strand Hanson Limited - Nominated & Financial Adviser      +44 (0) 20 7409 3494

 James Spinney

 James Dance

 Rob Patrick

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

 Callum Stewart

 Simon Mensley

 Ashton Clanfield

                                                             +44 (0) 20 7220 0500

 Cavendish - Joint Broker

 Barney Hayward

 Camarco                                                    +44 (0) 20 3757 4980

 Billy Clegg

 Rebecca Waterworth

 Sam Morris

 

Notes to Editors

 

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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