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| Date | 5 Jun 2024 |
| Time | 16:54:28 |
| Category | Director/PDMR dealings |
| ID | 2922R |
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 Eileen Carr, the Company's Non-Executive Chair, has today acquired 6,000,000 Ordinary Shares of 0.1p each ('Ordinary Shares') in the Company at a price of 0.33 pence per share. The shares purchased represent 0.15% of the issued share capital of the Company.
Following this purchase of shares, Eileen Carr has a beneficial interest over 168,172,969 Ordinary Shares, representing 4.32% of the Company's total voting rights.
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Name |
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 |
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Eileen Carr |
162,172,969 |
6,000,000 |
168,172,969 |
4.32% |
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
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Eileen Carr |
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2
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Reason for the notification
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a)
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Position/status
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Non-Executive Chair |
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b)
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Initial notification /Amendment
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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)
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Name
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Oriole Resources PLC |
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b)
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LEI
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213800X32GJR5AGAR511 |
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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 |
Ordinary Shares of 0.1 pence each in the capital of the Company
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Identification code |
Ordinary Share ISIN: GB00B0T29327 |
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b)
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Nature of the transaction
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Purchase of new shares. |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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0.33p |
6,000,000 |
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d)
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Aggregated information |
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- Aggregated volume |
6,000,000 Ordinary Shares of 0.1 pence each |
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- Price |
0.33 pence per Ordinary Share |
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e)
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Date of the transaction
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05th June 2024 |
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f)
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Place of the transaction
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London Stock Exchange, AIM Market (XLON) |
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For further information please visit www.orioleresources.com, @OrioleResources on X, or contact:
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Oriole Resources Plc |
Tel: +44 (0)23 8065 1649 |
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Martin Rosser / Bob Smeeton / Claire Bay |
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BlytheRay (IR/PR Contact) |
Tel: +44 (0)20 7138 3204 |
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Tim Blythe / Megan Ray |
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Grant Thornton UK LLP |
Tel: +44 (0)20 7383 5100 |
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Samantha Harrison / Ciara Donnelly /Elliot Peters |
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SP Angel Corporate Finance LLP Ewan Leggat / Kasia Brzozowska
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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.