Director/PDMR Dealing

Reabold Resources PLC

17 June 2024

 

17 June 2024

Reabold Resources plc

("Reabold" or the "Company")

Director/PDMR Dealing

Reabold Resources plc, the investing company focussed on developing strategic gas projects for European energy security, announces that on 14 June 2024, the spouse (being a 'person closely associated') of Michael Felton, Non-executive Director, purchased 33,332,006 Ordinary Shares at a price of 0.075 pence per share.

Following this transaction, which is further detailed in the PDMR Notification Form below, Michael Felton's (including persons closely associated with Michael Felton) ultimate beneficial ownership is 58,572,605 Ordinary Shares, representing 0.57% of the Company's issued share capital (excluding treasury shares).

PDMR Notification

The below notification is 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	Alison Felton
2.   Reason for notification
b)	Position / status	Notification concerns a PCA of Michael Felton (Non-executive Director)
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) 0.075p 33,332,006
d)	Aggregated information ·      Volume ·      Price ·      Total	·      N/A, single transaction
e)	Date of the transaction	14 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 [phone]
Strand Hanson Limited - Nominated & Financial Adviser James Spinney James Dance Rob Patrick Cavendish - Broker Neil McDonald Pearl Kellie	[phone] [phone]
Camarco Billy Clegg Rebecca Waterworth Sam Morris	[phone]

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.

 

END