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Oriole Resources PLC (ORR)


Tuesday 15 March, 2022

Oriole Resources PLC

Issue of Share Options

RNS Number : 7427E
Oriole Resources PLC
15 March 2022

Oriole Resources PLC 

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


Issue of Share Options


Oriole Resources, the AIM-quoted exploration company operating in Africa and Europe, announces that the Company's remuneration committee, has granted options to the Company's Executive Director Exploration and Business Development, Claire Bay, and to Abdoul Mbodji, the Company's Exploration Manager for Cameroon, in recognition of the successful exploration programmes in Cameroon.  


Further Details  


Options over 6,700,000 Ordinary Shares in the Company ('the Options') have been granted with an  exercise price of 0.32 pence, equal to the 14-day Volume Weighted Average Share Price as at close on 14 March 2022. The Options are not subject to performance conditions, will vest over a three-year period and will expire after 10 years. In aggregate this award of Options is equivalent to 0.34% of the current issued share capital of the Company.


Following the awards, the Company has 88,292,912 options and 208,385,020 warrants in issue, representing 4.4% and 10.5% of the issued Ordinary Share Capital respectively.


Following the award of these options, the interest in the Ordinary Share Capital of the Company held by Claire Bay is as follows:



New options issued

Total unexercised options held following issue

Shares held

Claire Bay





Options were also issued to Abdoul Mbodji, the Company's Exploration Manager for Cameroon.


Further details on the grant are included in the notification below, made in accordance with the requirements of 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 **


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

Oriole Resources PLC

Bob Smeeton / Tim Livesey / Claire Bay


Tel: +44 (0)20 7830 9650

BlytheRay (IR/PR contact)

Tim Blythe / Megan Ray / Rachael Brooks


Tel: +44 (0)20 7138 3204

Grant Thornton UK LLP

Samantha Harrison / George Grainger / Ciara Donnelly


Tel: +44 (0)20 7383 5100

Shard Capital Partners LLP

Damon Heath / Erik Woolgar / Isabella Pierre


Tel: +44 (0)20 186 9900


Notes to Editors:


Oriole Resources PLC is an AIM-listed exploration company, operating West Africa. It is focused on early-stage exploration in Cameroon (Bibemi and Wapouzé projects) and the more advanced Senala gold project in Senegal, where IAMGOLD has the option to spend US$8 million to earn a 70% interest. Year two commitments have been met at all three projects. The Company has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.


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








 Claire Bay



Reason for the notification







Executive Director Exploration and Business Development



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

Options over ordinary shares of 0.1 pence each in the capital of the Company






Identification code

Ordinary share ISIN: GB00B0T29327





Nature of the transaction



Grant of options over ordinary shares in the capital of the Company under the Company's EMI option scheme with an exercise price of 0.32p each



Price(s) and volume(s)






















Aggregated information




- Aggregated volume




- Price






Date of the transaction



14 March 2022



Place of the transaction



Outside a trading venue


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