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
+44 (0) 20 3757 4980
|
|
Strand Hanson Limited - Nominated & Financial
Adviser
James Spinney
James Dance
Rob Patrick
Cavendish - Broker
Neil McDonald
Pearl Kellie
|
+44 (0) 20 7409 3494
+44 (0) 20 7220 0500
|
|
Camarco
Billy Clegg
Rebecca Waterworth
Sam Morris
|
+44 (0) 20 3757 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.