Directors' Dealings

RNS Number : 2653N
Reabold Resources PLC
28 January 2021
 

28 January 2021 

Reabold Resources Plc

("Reabold" or the "Company")

Directors' Dealings

Reabold, the investor 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 the enlarged share capital held following purchase *

Stephen Williams

28/01/21

5,000,000

0.63p

17,222,111

0.20%

Sachin Oza

28/01/21

2,439,258

0.61p

20,894,497

0.25%

Anthony Samaha

28/01/21

1,000,000

0.60p

4,727,272

0.06%

 

* Based on Reabold's enlarged issued ordinary share capital following the issue of the Fundraise Shares announced on 28 January 2021 of 8,460,618,464 Ordinary Shares. The Fundraise Shares are being admitted to trading on AIM on 1 February 2021.

 

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

 

 

For further information please contact:

Reabold Resources plc

Stephen Williams

Sachin Oza

c/o Camarco

+44 (0) 20 3757 4980

Strand Hanson Limited (Nominated and Financial Adviser)

James Spinney

Rory Murphy

James Dance

 

+44 (0)20 7409 3494

 

Camarco

James Crothers

Ollie Head

Billy Clegg

 

 

+44 (0) 20 3757 4980

Stifel Nicolaus Europe Limited - Joint Broker

Callum Stewart

Nicholas Rhodes

Ashton Clanfield

 

+44 (0) 20 7710 7600

 

 

Panmure Gordon - Joint Broker

Hugh Rich

Nick Lovering

 

+44 (0) 20 207 886 2733

 

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

2.

Reason for the Notification

a)

Position/status

1.  Co-CEO

2.  Co-CEO

3.  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. 0.63p

2. 0.61p

3. 0.60p

 

1. 5,000,000

2. 2,439,258

3. 1,000,000

 

d)

Aggregated information

Aggregated volume

Price

 

8,439,258

e)

Date of the transaction

28 January 2021

f)

Place of the transaction

AIM, London Stock Exchange

 

 

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