Reabold Resources PLC Director/PDMR Shareholding

RNS Number : 4074S

Reabold Resources PLC

14 June 2024

 

14 June 2024

 

Reabold Resources plc

 

("Reabold" or the "Company")

 

Director/PDMR Dealings

 

Reabold Resources plc, the investing company focussed on developing strategic gas projects for European energy security, announces that on 13 June 2024, the following transactions were made by Directors of the Company.

 

a)   Sachin Oza, Co-Chief Executive Officer, has, in order to effect a "Bed and ISA" transaction, sold 16,744,286 Ordinary Shares in the Company at a price of 0.0575 pence per share from his personal holding and immediately purchased 25,000,000 shares at a price of 0.0665 pence per share into his Individual Savings Account ("ISA"), and separately purchased a further 135,714,285 Ordinary Shares at a price of 0.07 pence per share.

 

b)   Stephen Williams, Co-Chief Executive Officer, purchased 40,000,000 Ordinary Shares at a price of 0.0698 pence per share.

 

Following these transactions, which are further detailed in the PDMR Notification Forms below, Sachin Oza's (including persons closely associated with Sachin Oza) ultimate beneficial ownership is 219,720,298 Ordinary Shares, representing 2.16% of the Company's issued share capital (excluding treasury shares). Stephen Williams' (including persons closely associated with Stephen Williams) ultimate beneficial ownership is 87,304,697 Ordinary Shares, representing 0.86% of the Company's issued share capital (excluding treasury shares).

 

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 of 0.1p each   GB00B95L0551
b)	Nature of the transaction	1.   Sale of Ordinary Shares 2.   Purchase of Ordinary Shares 3.   Purchase of Ordinary Shares
c)	Price(s) and volume (s)	Price (s) Volume (s) 1.   0.0575p 16,744,286 2.   0.0665p 25,000,000 3.   0.0700p 135,714,285
d)	Aggregated information ·      Volume ·      Price ·      Total	Aggregate share purchases: ·      160,714,285 Ordinary Shares ·      0.0695p ·      £111,625 Aggregate share sales: N/A - single transaction
e)	Date of the transaction	13 June 2024
f)	Place of the transaction	London Stock Exchange, AIM

 

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 of 0.1p each   GB00B95L0551
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume (s)	Price (s) Volume (s) 0.0698p 40,000,000
d)	Aggregated information ·      Volume ·      Price ·      Total	·      40,000,000 Ordinary Shares ·      0.0698p ·      £27,920
e)	Date of the transaction	13 June 2024
f)	Place of the transaction	London Stock Exchange, AIM

 

 

 

 

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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