Reabold Resources PLC Transaction in Own Shares (3113Z)

TIDMRBD

RNS Number : 3113Z

Reabold Resources PLC

11 January 2024

11 January 2024

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 13 December 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:                                                           10 January 2024 
 Aggregate number of Ordinary Shares purchased:                                    8,509,792 
 Lowest price paid per Ordinary Share (pence per share):                        0.0840 pence 
 Highest price paid per Ordinary Share (pence per share):                       0.0865 pence 
 Volume weighted average price paid per Ordinary Share (pence per share):       0.0850 pence 
 

Following the share buyback, the Company will have 10,194,413,490 Ordinary Shares in issue, and 280,271,717 Ordinary Shares held in Treasury.

The figure of 10,194,413,490 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:           10 January 2024 
 Investment firm:             Stifel Nicolaus Europe Limited 
 

Individual transactions:

 
 Transaction date and     Number of shares   Transaction price    Trading venue 
          time                purchased       (pence per share) 
10 January 2024, 11:22 
           AM                1,000,000             0.0860              LSE 
                         -----------------  -------------------  -------------- 
10 January 2024, 01:58 
           PM                1,876,543             0.0855              LSE 
                         -----------------  -------------------  -------------- 
10 January 2024, 02:00 
           PM                1,600,000             0.0865              LSE 
                         -----------------  -------------------  -------------- 
10 January 2024, 04:35 
           PM                4,033,249             0.0840              LSE 
                         -----------------  -------------------  -------------- 
 

For further information, contact:

 
 Reabold Resources plc                      c/o Camarco 
  Sachin Oza                                 [phone] 
  Stephen Williams                           4980 
 Strand Hanson Limited - Nominated & 
  Financial Adviser                         [phone] 
  James Spinney                              3494 
  James Dance 
  Rob Patrick 
 
  Stifel Nicolaus Europe Limited - Joint 
  Broker                                     [phone] 
  Callum Stewart                             7600 
  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.

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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January 11, 2024 02:00 ET (07:00 GMT)