TIDMRBD

RNS Number : 8840P

Reabold Resources PLC

22 October 2021

22 October 2021

Reabold Resources plc

("Reabold" or the "Company")

Directors' Dealings

Reabold Resources, the AIM investing company which focuses on investments in upstream oil and gas projects, has been notified of the following purchases of ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") in the market, by certain Directors of the Company, as follows:

 
 Director            Date of        No. of Ordinary            Price of   No. of Ordinary      Percentage 
                      purchase     Shares Purchased            Ordinary         Shares of        of share 
                                                       Shares purchased        beneficial    capital held 
                                                                (pence)          interest       following 
                                                                                following        purchase 
                                                                                 purchase 
 Stephen Williams    21/10/21            12,421,842               0.19p        29,643,953           0.33% 
                    -----------  ------------------  ------------------  ----------------  -------------- 
 Sachin Oza          21/10/21            15,657,324               0.20p        36,551,821           0.41% 
                    -----------  ------------------  ------------------  ----------------  -------------- 
 Anthony Samaha      21/10/21             2,986,774               0.19p         7,818,182           0.09% 
                    -----------  ------------------  ------------------  ----------------  -------------- 
 Mike Felton         21/10/21            12,308,714               0.20p        25,240,599           0.28% 
                    -----------  ------------------  ------------------  ----------------  -------------- 
 

The FCA PDMR notifications, made in accordance with the requirements of the EU Market Abuse Regulation, are set out below.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.

For further information please contact:

 
 Reabold Resources plc                             c/o Camarco 
  Stephen Williams                                  +44 (0) 20 3757 4980 
  Sachin Oza 
 Strand Hanson Limited (Nominated and Financial 
  Adviser) 
  James Spinney 
  James Dance                                       +44 (0)20 7409 3494 
 Stifel Nicolaus Europe Limited - Joint 
  Broker 
  Callum Stewart 
  Simon Mensley 
  Ashton Clanfield                                 +44 (0) 20 7710 7600 
 Panmure Gordon - Joint Broker 
  Hugh Rich                                        +44 (0) 20 207 886 
  Nick Lovering                                     2733 
 Camarco 
  James Crothers 
  Rebecca Waterworth 
  Billy Clegg                                      +44 (0) 20 3757 4980 
 

Notes to Editors

Reabold Resources plc is an investing company investing in the exploration and production ("E&P") sector. The Company's investing policy is to acquire direct and indirect interests in exploration and producing projects and assets in the natural resources sector, and consideration is currently given to investment opportunities anywhere in the world.

As an investor in upstream oil & gas projects, Reabold aims to create value from each project by investing in undervalued, low-risk, near-term upstream oil & gas projects and by identifying a clear exit plan prior to investment.

Reabold's long term strategy is to re-invest capital made through its investments into larger projects in order to grow the Company. Reabold aims to gain exposure to assets with limited downside and high potential upside, capitalising on the value created between the entry stage and exit point of its projects. The Company invests in projects that have limited correlation to the oil price.

Reabold has a highly-experienced management team, who possess the necessary background, knowledge and contacts to carry out the Company's strategy.

ANNEXURE

PDMR Disclosures

 
 1.    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                   1. Stephen Williams 
                                               2. Sachin Oza 
                                               3. Anthony Samaha 
                                               4. Mike Felton 
      --------------------------------  ---------------------------------------- 
 2.    Reason for the Notification 
      -------------------------------------------------------------------------- 
 a)    Position/status                        1. Co-CEO 
                                               2. Co-CEO 
                                               3. Executive Director 
                                               4. Non-Executive Director 
      --------------------------------  ---------------------------------------- 
 b)    Initial notification/amendment    Initial notification 
      --------------------------------  ---------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------- 
 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      Ordinary Shares of 0.1p each ("Ordinary 
        instrument, type of               Shares") 
        instrument 
      --------------------------------  ---------------------------------------- 
       Identification code               GB00B95L0551 
      --------------------------------  ---------------------------------------- 
 b)    Nature of the Transaction         Purchase of Ordinary Shares in the 
                                          Company 
      --------------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s)             Share Price (GBX)   Volume 
                                           1. 0.19p            1. 12,421,842 
                                            2. 0.20p            2. 15,657,324 
                                            3. 0.19p            3. 2,986,774 
                                            3. 0.20p            3. 12,308,714 
                                                              --------------- 
      --------------------------------  ---------------------------------------- 
            Aggregated information 
              *    Aggregated volume 
 
                                           - 43,374,654 
 d)           *    Price                   - 0.196 
      --------------------------------  ---------------------------------------- 
 e)    Date of the transaction           21 October 2021 
      --------------------------------  ---------------------------------------- 
 f)    Place of the transaction          AIM, London Stock Exchange 
      --------------------------------  ---------------------------------------- 
 

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END

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