Reabold Resources PLC Glass Lewis Recommendation

TIDMRBD

Reabold Resources PLC

29 December 2023

29 December 2023

Reabold Resources plc

("Reabold" or the "Company")

Glass Lewis Recommends Shareholders Support the Board's Recommendation to Vote Against All Resolutions

Reabold, the oil & gas investing company with a diversified portfolio of exploration, appraisal and development projects, is pleased to provide the following update on the Glass Lewis Proxy Paper report, as it relates to the Company's requisitioned general meeting to be held on 10 January 2024. Glass Lewis has recommended that shareholders VOTE AGAINST ALL proposed resolutions, consistent with the current Board's recommendation.

The current Board would encourage shareholders to cast their vote at their earliest convenience to ensure their votes are received before the general meeting.

Sachin Oza , Co-CEO of Reabold, commented:

"We are pleased to note that the Glass Lewis Proxy Paper report, along with the ISS Proxy report, recommends that shareholders vote AGAINST ALL resolutions, consistent with the current Board's recommendation. We strongly encourage all shareholders to vote at their earliest convenience."

Ends

For further information, contact:

 
 Reabold Resources plc                c/o Camarco 
  Sachin Oza                           [phone] 
  Stephen Williams                     4980 
 Strand Hanson Limited - Nominated    [phone] 
  & Financial Adviser                  3494 
  James Spinney 
  James Dance 
  Rob Patrick 
 
  Stifel Nicolaus Europe Limited       [phone] 
  - Joint Broker                       7600 
  Callum Stewart 
  Simon Mensley 
  Ashton Clanfield 
 
  Cavendish - Joint Broker             [phone] 
  Barney Hayward                       0500 
 Camarco 
  Billy Clegg 
  Rebecca Waterworth                  [phone] 
  Sam Morris                           4980 
 

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.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAFEAEFAEDSEIE

(END) Dow Jones Newswires

December 29, 2023 02:00 ET (07:00 GMT)