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Reabold Resources plc announced that four of its directors, Stephen Williams, Sachin Oza, Anthony Samaha, and Mike Felton, purchased a total of 43,374,654 ordinary shares on 21 October 2021. These purchases were executed on AIM, London Stock Exchange, at individual prices of 0.19 pence and 0.20 pence per share.
| Date | 22 Oct 2021 |
| Time | 07:00:03 |
| Category | Director/PDMR dealings |
| ID | 8840P |
22 October 2021
Reabold Resources plc
("Reabold" or the "Company")
Directors' Dealings
Reabold Resources, the AIM investing company which focuses on investments in upstream oil and gas projects, has been notified of the following purchases of ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") in the market, by certain Directors of the Company, as follows:
|
Director |
Date of purchase |
No. of Ordinary Shares Purchased |
Price of Ordinary Shares purchased (pence) |
No. of Ordinary Shares of beneficial interest following purchase |
Percentage of share capital held following purchase |
|
Stephen Williams |
21/10/21 |
12,421,842 |
0.19p |
29,643,953 |
0.33% |
|
Sachin Oza |
21/10/21 |
15,657,324 |
0.20p |
36,551,821 |
0.41% |
|
Anthony Samaha |
21/10/21 |
2,986,774 |
0.19p |
7,818,182 |
0.09% |
|
Mike Felton |
21/10/21 |
12,308,714 |
0.20p |
25,240,599 |
0.28% |
The FCA PDMR notifications, made in accordance with the requirements of the EU Market Abuse Regulation, are set out below.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.
For further information please contact:
|
Reabold Resources plc Stephen Williams Sachin Oza |
c/o Camarco +44 (0) 20 3757 4980 |
|
Strand Hanson Limited (Nominated and Financial Adviser) James Spinney James Dance |
+44 (0)20 7409 3494
|
|
Stifel Nicolaus Europe Limited - Joint Broker Callum Stewart Simon Mensley Ashton Clanfield |
+44 (0) 20 7710 7600
|
|
Panmure Gordon - Joint Broker Hugh Rich Nick Lovering
|
+44 (0) 20 207 886 2733 |
|
Camarco James Crothers Rebecca Waterworth Billy Clegg
|
+44 (0) 20 3757 4980 |
Notes to Editors
Reabold Resources plc is an investing company investing in the exploration and production ("E&P") sector. The Company's investing policy is to acquire direct and indirect interests in exploration and producing projects and assets in the natural resources sector, and consideration is currently given to investment opportunities anywhere in the world.
As an investor in upstream oil & gas projects, Reabold aims to create value from each project by investing in undervalued, low-risk, near-term upstream oil & gas projects and by identifying a clear exit plan prior to investment.
Reabold's long term strategy is to re-invest capital made through its investments into larger projects in order to grow the Company. Reabold aims to gain exposure to assets with limited downside and high potential upside, capitalising on the value created between the entry stage and exit point of its projects. The Company invests in projects that have limited correlation to the oil price.
Reabold has a highly-experienced management team, who possess the necessary background, knowledge and contacts to carry out the Company's strategy.
ANNEXURE
PDMR Disclosures
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
1. Stephen Williams 2. Sachin Oza 3. Anthony Samaha 4. Mike Felton |
||||
|
2. |
Reason for the Notification |
|||||
|
a) |
Position/status |
1. Co-CEO 2. Co-CEO 3. Executive Director 4. Non-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 |
Reabold Resources plc |
||||
|
b) |
LEI |
2138006DR8T8XE87OC49 |
||||
|
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 0.1p each ("Ordinary Shares") |
||||
|
Identification code |
GB00B95L0551 |
|||||
|
b) |
Nature of the Transaction |
Purchase of Ordinary Shares in the Company |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
- 43,374,654 - 0.196
|
||||
|
e) |
Date of the transaction |
21 October 2021 |
||||
|
f) |
Place of the transaction |
AIM, London Stock Exchange |
||||