Directors' Dealings

RNS Number : 2653N

Reabold Resources PLC

28 January 2021

 

28 January 2021 

Reabold Resources Plc

("Reabold" or the "Company")

Directors' Dealings

Reabold, the investor 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 purchase	No. of Ordinary Shares Purchased	Price of Ordinary Shares purchased (pence)	No. of Ordinary Shares of beneficial interest following purchase	Percentage of the enlarged share capital held following purchase *
Stephen Williams	28/01/21	5,000,000	0.63p	17,222,111	0.20%
Sachin Oza	28/01/21	2,439,258	0.61p	20,894,497	0.25%
Anthony Samaha	28/01/21	1,000,000	0.60p	4,727,272	0.06%

* Based on Reabold's enlarged issued ordinary share capital following the issue of the Fundraise Shares announced on 28 January 2021 of 8,460,618,464 Ordinary Shares. The Fundraise Shares are being admitted to trading on AIM on 1 February 2021.

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

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]
Panmure Gordon - Joint Broker Hugh Rich Nick Lovering	[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.

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
2.	Reason for the Notification
a)	Position/status	1.  Co-CEO 2.  Co-CEO 3.  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 instrument, type of instrument	Ordinary Shares of 0.1p each ("Ordinary Shares")
	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. 0.63p 2. 0.61p 3. 0.60p 1. 5,000,000 2. 2,439,258 3. 1,000,000
d)	Aggregated information -  Aggregated volume -  Price	8,439,258
e)	Date of the transaction	28 January 2021
f)	Place of the transaction	AIM, London Stock Exchange

 

END

 

 

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