Total Voting Rights & Director Disclosure

RNS Number : 4531N

Reabold Resources PLC

01 February 2021

 

1 February 2021 

Reabold Resources Plc

("Reabold" or the "Company")

Total Voting Rights

Director Disclosure

Further to the Company's announcement of 28 January 2021 regarding its £7.5 million Fundraise (the "Announcement"), Reabold confirms that the 1,363,636,363 Fundraise Shares have been admitted to trading on AIM, effective at 8.00 a.m. today.

Reabold's issued ordinary share capital consists of 8,460,618,464 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, this figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in interest in, the share capital of the Company under the Disclosure Guidance and Transparency Rules.

Reabold also confirms that, following Admission, Marcos Mozetic, a non-executive director of the Company, is interested in 4,545,454 Ordinary Shares and not 16,767,565 Ordinary Shares as incorrectly stated in the Announcement.

Capitalised terms used in this announcement carry the same meaning as those ascribed to them in the Announcement, unless the context requires otherwise.

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.

 

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