Directors' Dealings

RNS Number : 8070T

Reabold Resources PLC

18 November 2019

 

18 November 2019 

Reabold Resources Plc

("Reabold" or the "Company")

Directors' Dealings

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

Director	Date of purchase	No. of Ordinary Shares purchased	Price of Ordinary Shares purchased (pence)	No. of Ordinary Shares held following purchase	Percentage of issued share capital held following purchase
Sachin Oza	18/11/19	6,637,058	0.9p	16,637,058	0.25%
Stephen Williams	18/11/19	2,222,111	0.9p	12,222,111	0.18%
Mike Felton	18/11/19	5,577,755	0.9p	8,386,431	0.12%
Anthony Samaha	15/11/19	1,000,000	0.9p	1,000,000	0.01%

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information please contact:

Reabold Resources plc Stephen Williams Sachin Oza	c/o Camarco [phone]
Strand Hanson Limited (Nominated and Financial Adviser) James Spinney Rory Murphy James Dance	[phone]
Camarco James Crothers Ollie Head Billy Clegg	[phone]
Stifel Nicolaus Europe Limited - Joint Broker Callum Stewart Nicholas Rhodes Ashton Clanfield	[phone]
Whitman Howard Limited - Joint Broker Nick Lovering Grant Barker	[phone]
Turner Pope Investments (TPI) Ltd - Joint Broker Andy Thacker Zoe Alexander	[phone]

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.

 

END

 

 

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