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On 6 June 2024, Gerry Aherne, Independent Non-Executive Chairman of Baron Oil Plc, purchased 30,000,000 ordinary shares for £20,475 at an average price of 0.06825 pence per share on the London Stock Exchange, AIM. This transaction increased his total beneficial shareholding to 60,000,000 Ordinary Shares, representing approximately 0.24% of the Company's current voting rights.
| Date | 6 Jun 2024 |
| Time | 15:26:47 |
| Category | Director/PDMR dealings |
| ID | 4733R |
6 June 2024
Baron Oil Plc
("Baron", or the "Company")
Director/PDMR shareholding - acquisition of shares
Baron Oil Plc (AIM: BOIL) has been notified that on 6 June 2024, Gerry Aherne, Independent Non-Executive Chairman, purchased 30,000,000 ordinary shares of 0.025 pence each in the Company ("Ordinary Shares") at an average price of 0.06825 pence per share.
Accordingly, Gerry Aherne's total beneficial shareholding in the Company is 60,000,000 Ordinary Shares, which represents approximately 0.24% 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 [email protected]
Tim Metcalfe, Florence Chandler
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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(a) |
Full name of person Dealing |
Gerry Aherne |
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2. |
Reason for notification |
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(b) |
Position/status |
Independent Non-Executive Chairman |
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(c) |
Initial notification/ Amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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(d) |
Name of entity |
Baron Oil Plc |
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(e) |
LEI |
213800MBSOS9UZ5SW712 |
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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 |
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(a) |
Description of the financial instrument, type of instrument |
Ordinary Shares of 0.025 pence each in the Company |
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(b) |
Identification code |
GB00B01QGH57 |
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(c) |
Nature of the transaction |
Purchase of Ordinary Shares |
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(d) |
Price(s) and volume(s) |
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(e) |
Aggregated information: - Aggregated volume - Price |
30,000,000 Ordinary Shares £20,475
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(f) |
Date of transaction |
6 June 2024 |
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(g) |
Place of transaction |
London Stock Exchange, AIM |
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