Director/PDMR shareholding - acquisition of shares

Baron Oil PLC
28 May 2024
 

28 May 2024

Baron Oil Plc

("Baron", or the "Company")

Director/PDMR shareholding - acquisition of shares

Baron Oil Plc (AIM: BOIL), has been notified that on 28 May 2024, Gerry Aherne, Independent Non-Executive Chairman, purchased 30,000,000 ordinary shares of 0.025 pence each in the Company ("Ordinary Shares") at a price of 0.0676 pence per share.

Accordingly, Gerry Aherne's total beneficial shareholding in the Company is 30,000,000 Ordinary Shares, which represents approximately 0.12% of the Company's current voting rights.

Further details are provided below in accordance with the requirements of the UK Market Abuse Regulation.

For further information, please contact:

Baron Oil Plc                                                                      +44 (0) 20 7117 2849

Dr Andy Butler, Chief Executive Officer

 

Allenby Capital Limited                                                    +44 (0) 20 3328 5656

Nominated Adviser and Joint Broker

Nick Athanas, Nick Harriss, George Payne (Corporate Finance)

Kelly Gardiner, Stefano Aquilino (Sales and Corporate Broking)

               

Cavendish Capital Markets Limited                               +44 (0) 131 220 6939 / +44 (0) 207 397 8900

Joint Broker       

Neil McDonald, Pearl Kellie (Corporate Finance)

Leif Powis (Sales)

               

IFC Advisory Limited                                                         +44 (0) 20 3934 6630

Financial PR and IR                                                            baronoil@investor-focus.co.uk

Tim Metcalfe, Florence Chandler

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

1.             

Details of the person discharging managerial responsibilities/person closely associated

(a)          

Full name of person Dealing

Gerry Aherne

2.             

Reason for notification

(b)          

Position/status

Independent Non-Executive Chairman

(c)           

Initial notification/ Amendment

Initial notification

3.             

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(d)          

Name of entity

Baron Oil Plc

(e)           

LEI

213800MBSOS9UZ5SW712

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 0.025 pence each in the Company

(b)          

Identification code

GB00B01QGH57

(c)           

Nature of the transaction

Purchase of Ordinary Shares

(d)          

Price(s) and volume(s)

Price: 0.0676 pence per share

 

Volume: 30,000,000

 

(e)           

Aggregated information:

- Aggregated volume

- Price

N/A - as above

(f)           

Date of transaction

28 May 2024

(g)           

Place of transaction

London Stock Exchange, AIM

 

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Baron Oil (BOIL)
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