Director Dealing

Oriole Resources PLC
13 June 2024

Oriole Resources PLC 

('Oriole Resources' or 'the Company' or 'the Group')


Director Dealing


Oriole Resources PLC (AIM: ORR), the AIM-quoted gold exploration company focussed on West Africa, announces that Martin Rosser, the Company's Chief Executive Officer, has today acquired 3,000,000 Ordinary Shares of 0.1p each ('Ordinary Shares') in the Company at a price of 0.354 pence per share. The shares purchased represent 0.08% of the issued share capital of the Company.




Number of Ordinary Shares held prior to transaction

Number of Ordinary Shares Purchased

Resultant shareholding in the Company following the transaction

Percentage of the issued share capital of the Company following the transaction

Martin Rosser







Following this purchase of shares, the Company's Directors now hold a total 225,196,990 Ordinary Shares, representing 5.78% of the Company's total voting rights.


Further details of the acquisition are included in the PDMR form below. This information has been provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.




** ENDS **


ANNEX - PDMR notifications


Template for 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








 Martin Rosser



Reason for the notification







Chief Executive Officer



Initial notification /Amendment



Initial notification



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







Oriole Resources 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 0.1 pence each in the capital of the Company




Identification code

Ordinary Share ISIN: GB00B0T29327



Nature of the transaction



Purchase of new shares.



Price(s) and volume(s)







Aggregated information

- Aggregated volume

3,000,000 Ordinary Shares of 0.1 pence each

- Price

0.354 pence per Ordinary Share



Date of the transaction



13th June 2024



Place of the transaction



London Stock Exchange, AIM Market (XLON)




For further information please visit, @OrioleResources on X, or contact:

 Oriole Resources Plc

Tel: +44 (0)23 8065 1649

Martin Rosser / Bob Smeeton / Claire Bay


BlytheRay (IR/PR Contact)

Tel: +44 (0)20 7138 3204

Tim Blythe / Megan Ray


Grant Thornton UK LLP

Tel: +44 (0)20 7383 5100

Samantha Harrison / Ciara Donnelly /Elliot Peters

SP Angel Corporate Finance LLP

Ewan Leggat / Kasia Brzozowska


Tel: +44 (0)20 3470 0470


Notes to Editors:


Oriole Resources PLC is an AIM-listed gold exploration company, operating in West Africa. It is focussed on early-stage exploration in Cameroon, where the Company has reported a Resource of 375,000oz Au at 2.30g/t in the JORC Inferred category at its 82.2%-owned Bibemi project and has identified multi-kilometre gold and lithium anomalism within the district-scale Central Licence Package project. BCM International is currently earning up to a 50% interest in the Bibemi and Mbe projects in return for a combined investment of US$1.5 million in signature payments, up to US$8 million in exploration expenditure, as well as JORC resource-based success payments.

At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl ('AGEM'), a wholly-owned subsidiary of Managem Group, has recently completed a six-year earn-in to acquire an estimated 59% beneficial interest in the Senala Exploration Licence by spending US$5.8 million. A review of expenditure and discussions on the formation of a joint-venture company are currently underway. The Company also has several interests and royalties in companies operating in East Africa and Turkey that could deliver future cash flow.



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