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                                                  

Tim Metcalfe, Florence Chandler



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



Details of the person discharging managerial responsibilities/person closely associated


Full name of person Dealing

Gerry Aherne


Reason for notification



Independent Non-Executive Chairman


Initial notification/ Amendment

Initial notification


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


Name of entity

Baron Oil Plc





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


Description of the financial instrument, type of instrument

Ordinary Shares of 0.025 pence each in the Company


Identification code



Nature of the transaction

Purchase of Ordinary Shares


Price(s) and volume(s)

Price: 0.0676 pence per share


Volume: 30,000,000



Aggregated information:

- Aggregated volume

- Price

N/A - as above


Date of transaction

28 May 2024


Place of transaction

London Stock Exchange, AIM


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Baron Oil (BOIL)
UK 100

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