Reabold Resources PLC Deferred Annual Bonus Plan Shares Option Awards

RNS Number : 4299R

Reabold Resources PLC

06 June 2024

 

6 June 2024

 

Reabold Resources plc

 

("Reabold" or the "Company")

 

Deferred Annual Bonus Plan 2023 Shares Option Awards

PDMR Dealing

Reabold Resources plc, the investing company focussed on developing strategic gas projects for European energy security, announces that on 6 June 2024 (the "Grant Date"), the following share option awards (the "Awards") were made to certain Directors and Persons Discharging Managerial Responsibilities ("PDMRs") under the Reabold Resources plc Deferred Annual Bonus Plan (the "Plan").

The Awards were made in accordance with the rules of the Plan and as provided for in the 2023 Directors' Remuneration Report, which can be found in the Company's 2023 Annual Report. The Awards represent 50% of the total 2023 annual bonus value, which is required to be deferred into nil-cost options over ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares"), pursuant to the terms of the Plan. In calculating the number of Ordinary Shares over which the Awards have been made, the Remuneration Committee has applied the closing price per Ordinary Share on the day prior to the Grant Date.

The number of Ordinary Shares subject to the nil-cost options granted under the Awards are set out in the table below. The nil-cost options will become exercisable from the third anniversary of the Grant Date, subject to the terms and conditions of the Plan.

Director/PDMR	Position	Number of Ordinary Shares subject to Award
Sachin Oza	Co-Chief Executive Officer	36,839,030
Stephen Williams	Co-Chief Executive Officer	36,839,030
Chris Connolly	Chief Financial Officer	22,338,750

 

 

PDMR Notifications

 

The below notifications are made in accordance with the Article 19 of the Market Abuse Regulation (EU) 596/2014, as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

 

1.   Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sachin Oza
2.   Reason for notification
b)	Position / status	Co-CEO
c)	Initial notification / amendment	Initial Notification
3.   Details of the issuer or emission allowance market participant
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 Identification code	Ordinary Shares   GB00B95L0551
b)	Nature of the transaction	36,839,030 nil-cost options over Ordinary Shares awarded under the Reabold Deferred Annual Bonus Plan
c)	Price(s) and volume (s)	Price (s) Volume (s) Nil consideration 36,839,030
d)	Aggregated information ·      Volume ·      Price ·      Total	N/A, single transaction
e)	Date of the transaction	6 June 2024
f)	Place of the transaction	Outside a trading venue

 

1.   Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Williams
2.   Reason for notification
b)	Position / status	Co-CEO
c)	Initial notification / amendment	Initial Notification
3.   Details of the issuer or emission allowance market participant
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 Identification code	Ordinary Shares   GB00B95L0551
b)	Nature of the transaction	36,839,030 nil-cost options over Ordinary Shares awarded under the Reabold Deferred Annual Bonus Plan
c)	Price(s) and volume (s)	Price (s) Volume (s) Nil consideration 36,839,030
d)	Aggregated information ·      Volume ·      Price ·      Total	N/A, single transaction
e)	Date of the transaction	6 June 2024
f)	Place of the transaction	Outside a trading venue

 

1.   Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Chris Connolly
2.   Reason for notification
b)	Position / status	CFO (PDMR)
c)	Initial notification / amendment	Initial Notification
3.   Details of the issuer or emission allowance market participant
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 Identification code	Ordinary Shares   GB00B95L0551
b)	Nature of the transaction	22,338,750 nil-cost options over Ordinary Shares awarded under the Reabold Deferred Annual Bonus Plan
c)	Price(s) and volume (s)	Price (s) Volume (s) Nil consideration 22,338,750
d)	Aggregated information ·      Volume ·      Price ·      Total	N/A, single transaction
e)	Date of the transaction	6 June 2024
f)	Place of the transaction	Outside a trading venue

 

 

 

For further information please contact:

Reabold Resources plc Sachin Oza Stephen Williams	c/o Camarco [phone]
Strand Hanson Limited - Nominated & Financial Adviser James Spinney James Dance Rob Patrick   Cavendish - Broker Neil McDonald Pearl Kellie	[phone]           [phone]
Camarco Billy Clegg Rebecca Waterworth Sam Morris	[phone]

 

Notes to Editors

Reabold Resources plc has a diversified portfolio of exploration, appraisal and development oil & gas projects. Reabold's strategy is to invest in low-risk, near-term projects which it considers to have significant valuation uplift potential, with a clear monetisation plan, where receipt of such proceeds will be returned to shareholders and re-invested into further growth projects. This strategy is illustrated by the recent sale of the undeveloped Victory gas field to Shell, the proceeds of which are being returned to shareholders and re-invested.

 

 

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