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On 12 November 2026, three directors of Buccaneer Energy plc subscribed for a total of 163,500,000 new Ordinary Shares at an issue price of 0.01 pence per share. Chief Executive Officer Paul Welch subscribed £7,500 for 75,000,000 shares, Non-Executive Chairman Dr. Stephen Staley subscribed £5,000 for 50,000,000 shares, and Non-Executive Director Jim Newman subscribed £3,850 for 38,500,000 shares. Following completion, Welch, Staley, and Newman will hold total shareholdings of 385,768,921 shares (1.32%–1.36%), 232,969,077 shares (0.80%–0.82%), and 589,701,766 shares (2.02%–2.09%) of the company, respectively.
| Date | 13 Nov 2026 |
| Time | 17:30:00 |
| Category | Director/PDMR dealings |
| ID | 1435D |
13 November 2026
Buccaneer Energy Plc
("Buccaneer Energy" or the “Company")
Director/PDMR Dealings
Buccaneer Energy (AIM: BUCE), the oil and gas company with producing assets in Texas that is building a European onshore gas portfolio, announces that, further to the announcements made at 7:01am on 12 November 2026, the Company’s directors, Paul Welch (Chief Executive Officer), Dr Stephen Staley (Non-Executive Chairman) and Jim Newman (Non-Executive Director) have subscribed for £7,500, £5,000 and £3,850 respectively of new Ordinary Shares in the Company in relation to the Subscription at the Issue Price.
Accordingly, the shareholdings of the Directors following the Placing, Subscription and Retail Offer are set out below:
|
Director |
Number of Ordinary Shares currently held |
Subscription Shares subscribed for in the Subscription |
Ordinary Shares held on Admission |
Percentage held after completion of the Placing and Subscription |
Percentage held after completion of the Placing, Subscription and Retail Offer*** |
|
Paul Welch |
310,768,921 |
75,000,000 |
385,768,921 |
1.36% |
1.32% |
|
Stephen Staley as Derwent Resources Ltd* |
182,969,077 |
50,000,000 |
232,969,077 |
0.82% |
0.80% |
|
Jim Newman** |
551,201,766 |
38,500,000 |
589,701,766 |
2.09% |
2.02% |
*including 493,701,766 existing ordinary shares held by Dos Hermanos International, LLC, of which Mr Newman is a principal.
**including shares held by Derwent Resources Limited, of which Dr Staley is principal.
*** Based on a total of 29,265,532,000 Ordinary Shares being in issue upon Admission, which includes the Fundraise Shares and assumes that the Retail Offer is taken up in full.
The FCA notification in relation to the above and made in accordance with the requirements of the UK Market Abuse Regulation is appended further below.
Capitalised terms used in this announcement shall have the same meaning as in the announcements issued by the Company at 7:01am and 7:02am on 12 November 2026.
For further information, contact:
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Buccaneer Energy plc Paul Welch, CEO |
Email: |
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Allenby Capital Limited (Nominated Adviser and Joint Broker) Jeremy Porter / Alex Brearley
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Tel: |
+44 (0) 20 3328 5656 |
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SP Angel Corporate Finance LLP (Joint Broker) Stuart Gledhill / Richard Hail / Adam Cowl |
Tel: |
+44 (0) 20 3470 0470 |
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Celicourt Communications (PR/IR) Mark Antelme / Charles Denley-Myerson |
Tel: |
+44 (0) 20 7770 6424 |
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 (PCA) |
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a) |
Name |
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2 |
Reason for the notification |
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a) |
Position/status |
See 1a) above |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Buccaneer Energy plc |
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b) |
LEI |
213800JO9A4LO19YJ129 |
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4
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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)
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Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 0.01p each in Buccaneer Energy plc
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b) |
Nature of the transaction |
Fundraising for New Ordinary Shares
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c) |
Price(s) and volume(s) |
Price: 0.01 pence
Volumes:
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d) |
Aggregated information - Aggregated volume - Price |
N/A
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e) |
Date of the transaction |
12 November 2026 |
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f) |
Place of the transaction |
Outside a trading venue |
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