Subscription Completes, PDMR Shareholdings

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                                                                              [phone]

Antony Samaha

Beaumont Cornish Limited

Roland Cornish/ Felicity Geidt                                                   [phone]

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	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 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)

 

END

 

 

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