Update regarding Annual General Meeting

RNS Number : 4280Q

Reabold Resources PLC

18 June 2020

 

18 June 2020

Reabold Resources plc

("Reabold" or the "Company")

Posting of Annual Report

Update regarding Annual General Meeting

Reabold, the AIM investing company which focuses on investments in upstream oil and gas projects, announces that the annual report for the year ended 31 December 2019 has been posted to shareholders and is available to download from the Company's website: https://reabold.com/wp-content/uploads/2017/10/258804-Reabold-AR-Web.pdf  

The Company's Annual General Meeting ("AGM") is scheduled to take place in the coming months. A Notice of AGM will be sent to shareholders in due course following updated guidance and further clarity from the Government with regards to public gatherings and social distancing measures. 

ENDS

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]
Stifel Nicolaus Europe Limited - Joint Broker Callum Stewart  Simon Mensley Ashton Clanfield Whitman Howard Limited - Joint Broker Hugh Rich Nick Lovering	[phone] [phone]
Camarco James Crothers Ollie Head Billy Clegg	[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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