Reabold Resources PLC Transaction in Own Shares (0889B)

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RNS Number : 0889B

Reabold Resources PLC

31 May 2023

31 May 2023

Reabold Resources plc

("Reabold" or the "Company")

Transaction in Own Shares

Reabold Resources plc, the oil & gas investing company with a diversified portfolio of exploration, appraisal and development projects, announces that , in accordance with the terms of its share buyback programme announced on 28 April 2023, it has purchased the following number of ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel") . The repurchased shares will be held in the Company's Treasury.

 
 Date of purchase:                                                            30 May 2023 
 Aggregate number of Ordinary Shares purchased:                                 1,250,000 
 Lowest price paid per Ordinary Share (pence per share):                     0.1415 pence 
 Highest price paid per Ordinary Share (pence per share):                    0.1425 pence 
 Volume weighted average price paid per Ordinary Share (pence per share):    0.1423 pence 
 

Following the share buyback, the Company will have 9,149,256,626 Ordinary Shares in issue, and 28,131,283 Ordinary Shares held in Treasury.

The figure of 9,149,256,626 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) as in force in the UK by virtue of the European Union (Withdrawal) Act 2018, the table below contains detailed information of the individual trades made by Stifel as part of the buyback programme.

Schedule of purchases:

 
 Ordinary Shares purchased:   Reabold Resources plc (ISIN: 
                               GB00B95L0551) 
 Date of purchases:           30 May 2023 
 Investment firm:             Stifel Nicolaus Europe Limited 
 

Individual transactions:

 
 Transaction date and    Number of shares   Transaction price    Trading venue 
         time                purchased       (pence per share) 
30 May 2023, 09:15 AM        250,000              0.1415              LSE 
                        -----------------  -------------------  -------------- 
30 May 2023, 02:46 PM       1,000,000             0.1425              LSE 
                        -----------------  -------------------  -------------- 
 

For further information, please contact:

 
 Reabold Resources plc 
 Stephen Williams (Co-CEO)                      [phone] (UK) 
 Sachin Oza (Co-CEO) 
 
 Stifel Nicolaus Europe Limited (Joint          [phone] (UK) 
  Broker) 
  Callum Stewart 
  Jason Grossman 
  Simon Mensley 
  Ashton Clanfield 
 
 Strand Hanson Limited (Nominated & Financial   [phone] (UK) 
  Adviser) 
 James Spinney 
  James Dance 
  Rob Patrick 
 
 finnCap Ltd (Joint Broker)                     [phone] (UK) 
 Christopher Raggett 
  Barney Hayward 
 
 
 Camarco (Public Relations)                     [phone] (UK) 
 Billy Clegg 
 Rebecca Waterworth 
 
 

About Reabold Resources

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.

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended.

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May 31, 2023 02:00 ET (06:00 GMT)