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Oriole Resources PLC announced on February 11, 2025, that three directors completed share purchases. On February 10, 2025, Martin Rosser purchased 8,936,792 ordinary shares, Robert Smeeton bought 4,797,496 shares, and Claire Bay acquired 2,292,302 shares on the London Stock Exchange. Following these transactions, the directors collectively hold 257,399,165 Ordinary Shares, representing 6.61% of Oriole Resources' total voting rights.
| Date | 11 Feb 2025 |
| Time | 07:00:06 |
| Category | Director/PDMR dealings |
| ID | 5945W |
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
Directors' Share Dealings
Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focused on West and Central Africa, announces it has been informed of the following share dealings by Directors in the ordinary shares of 0.1 pence each in the Company ("Ordinary Shares").
|
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 |
|
Martin Rosser |
5,675,585 |
8,936,792 |
14,612,377 |
0.38 |
|
Robert Smeeton |
35,936,378 |
4,797,496 |
40,733,874 |
1.05 |
|
Claire Bay |
11,406,568 |
2,292,302 |
13,698,870 |
0.35 |
Following these purchases of shares, the Directors of the Company now hold a total 257,399,165 Ordinary Shares, representing 6.61% of the Company's total voting rights.
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
** 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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Martin Rosser |
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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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Chief Executive Officer |
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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)
|
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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0.00205 |
3,900,492 |
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0.001985 |
2,516,881 |
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0.001983 |
2,519,419 |
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d)
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Aggregated information |
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- Aggregated volume |
8,936,792 Ordinary Shares of 0.1 pence each |
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- Price |
0.20 pence per Ordinary Share |
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e)
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Date of the transaction
|
10th February 2025 |
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f)
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Place of the transaction
|
London Stock Exchange, AIM Market (XLON) |
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1
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Details of the person discharging managerial responsibilities / person closely associated
|
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a)
|
Name
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Robert Smeeton |
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2
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Reason for the notification
|
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a)
|
Position/status
|
Chief Financial Officer |
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b)
|
Initial notification /Amendment
|
Initial notification |
|||
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3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
|
a)
|
Name
|
Oriole Resources PLC |
|||
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b)
|
LEI
|
213800X32GJR5AGAR511 |
|||
|
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
|
||||
|
a)
|
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 |
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b)
|
Nature of the transaction
|
Purchase of new shares. |
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c)
|
Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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|
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|
0.1983 |
1,008,572 |
|
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0.2158 |
926,784 |
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0.2158 |
1,853,568 |
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0.1983 |
1,008,572 |
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d)
|
Aggregated information |
|
|||
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|
||||
|
- Aggregated volume |
4,797,496 Ordinary Shares of 0.1 pence each |
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|
|
|
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- Price |
0.21 pence per Ordinary Share |
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|
|
|
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e)
|
Date of the transaction
|
10th February 2025 |
|||
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM Market (XLON) |
|||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||
|
a)
|
Name
|
Claire Bay |
|||
|
2
|
Reason for the notification
|
||||
|
a)
|
Position/status
|
Executive Director |
|||
|
b)
|
Initial notification /Amendment
|
Initial notification |
|||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
|
a)
|
Name
|
Oriole Resources PLC |
|||
|
b)
|
LEI
|
213800X32GJR5AGAR511 |
|||
|
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
|
||||
|
a)
|
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 |
||||
|
|
|
||||
|
b)
|
Nature of the transaction
|
Purchase of new shares. |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
2,292,302 |
0.2176 |
|
|
|
|
|
|
|
|
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d)
|
Aggregated information |
|
|||
|
|
|
||||
|
- Aggregated volume |
N/A |
||||
|
|
|
||||
|
- Price |
|
||||
|
|
|
||||
|
e)
|
Date of the transaction
|
10th February 2025 |
|||
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM Market (XLON) |
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For further information please visit www.orioleresources.com, @OrioleResources on Twitter, 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
|
Tel: +44 (0)20 3470 0470 |
Notes to Editors:
Oriole Resources PLC is an AIM-listed gold exploration company, with projects in West and Central Africa. It is focused on early-stage exploration in Cameroon, where the Company has reported a Resource of 375,000 oz Au at 2.30g/t in the JORC Inferred category at its 90% owned Bibemi project and has identified multi-kilometre gold and lithium anomalies 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 give future cash payments.