Director/PDMR Shareholding

RNS Number : 1420P

Baron Oil PLC

14 October 2021

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

14 October 2021

Baron Oil Plc

("Baron" or the "Company")

Director/PDMR Shareholding

Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company, announces that it was notified on 14 October 2021 that Andrew Yeo, the Company's Chief Executive Officer, has, in order to transfer part of his shareholding in the Company into his individual savings account ("ISA"), sold 51,250,000 ordinary shares of 0.025 pence each in the Company ("Ordinary Shares") and then purchased 51,250,000 Ordinary Shares in his ISA. The transactions took place on 14 October 2021 and further information is contained in the disclosure tables below.

Following the transactions, Mr Yeo's beneficial interest in a total of 168,850,000 Ordinary Shares remains unchanged.

For further information, please contact:

	Baron Oil Plc				[phone]
	Andy Yeo, Chief Executive
	Allenby Capital Limited				[phone]
	Nominated Adviser and Joint Broker
	Alex Brearley, Nick Harriss, Nick Athanas (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking)
	Turner Pope Investments (TPI) Limited				[phone]
	Joint Broker
	Andy Thacker
	IFC Advisory Limited				[phone]
	Financial PR and IR
	Tim Metcalfe, Florence Chandler
1.		Details of the person discharging managerial responsibilities/person closely associated
(a)		Full name of person Dealing		Andrew Robert Yeo
2.		Reason for notification
(b)		Position/status		Director - CEO
(c)		Initial notification/ Amendment		Initial notification
3.		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(d)		Name of entity		Baron Oil Plc
(e)		LEI		213800MBSOS9UZ5SW712
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 Identification code		Ordinary shares of 0.025 pence each in the Company Identification code (ISIN) for Baron Oil Plc ordinary shares: GB00B01QGH57
(b)		Nature of the transaction		Sales of ordinary shares
(c)		Price(s) and volume(s)		Prices(s) Volume(s) 0.075 pence 51,250,000
(d)		Aggregated information: - Aggregated volume - Price		Single transaction as in 4(c) above Prices(s) Volume(s) 0.075 pence 51,250,000
(e)		Date of transaction		14 October 2021
(f)		Place of transaction		XLON

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Full name of person Dealing	Andrew Robert Yeo
2.	Reason for notification
(b)	Position/status	Director - CEO
(c)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(d)	Name of entity	Baron Oil Plc
(e)	LEI	213800MBSOS9UZ5SW712
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 Identification code	Ordinary shares of 0.025 pence each in the Company Identification code (ISIN) for Baron Oil Plc ordinary shares: GB00B01QGH57
(b)	Nature of the transaction	Purchase of ordinary shares
(c)	Price(s) and volume(s)	Prices(s) Volume(s) 0.07505 pence 51,250,000
(d)	Aggregated information: - Aggregated volume - Price	Single transaction as in 4(c) above Prices(s) Volume(s) 0.07505 pence 51,250,000
(e)	Date of transaction	14 October 2021
(f)	Place of transaction	XLON

 

END

 

 

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