Director's Dealings

RNS Number : 1471G

Oriole Resources PLC

28 March 2022

 

Oriole Resources Plc

('Oriole' or 'the Company')

Director's Dealings

Oriole Resources PLC, the AIM-quoted exploration company focussed on West Africa, announces it received notification on 25 March 2022 that on that day, Eileen Carr, its Non-Executive Chair, acquired ordinary shares of 0.1p each in the Capital of the Company ('Ordinary Shares')  as set out below:

Name	Number of Ordinary Shares Purchased	Weighted average price per Ordinary Share (p)	Resultant shareholding in the Company	Percentage of the issued share capital of the Company
Eileen Carr	2,699,969	0.296	5,077,980	0.25%

Further details of the PDMR dealings are included below. This information has been provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

** ENDS **

For further information please visit  www.orioleresources.com ,   @OrioleResources on Twitter,  

or contact:

Oriole Resources Plc	Tel: [phone]
Tim Livesey / Bob Smeeton / Claire Bay
BlytheRay (IR/PR Contact)	Tel: [phone]
Tim Blythe / Megan Ray / Rachel Brooks
Grant Thornton UK LLP	Tel: [phone]
Samantha Harrison / George Grainger / Ciara Donnelly
Shard Capital Partners LLP	Tel: [phone]
Damon Heath / Erik Woolgar / Isabella Pierre

Notes to Editors:

Oriole Resources PLC is an AIM-listed exploration company, operating West Africa. It is focused on early-stage exploration in Cameroon (Bibemi, Wapouzé and Central Licence Package projects) and the more advanced Senala gold project in Senegal, where IAMGOLD has the option to spend US$8 million to earn a 70% interest. IAMGOLD has recently notified the Company that it has, under the terms of the agreement, met the first commitment by spending US$4 million within an initial four years. Subject to the Company completing a review of these expenditures, IAMGOLD will acquire a 51% interest in Senala. The Company also has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Eileen Carr
2	Reason for the notification
a)	Position/status	Chair
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Oriole Resources PLC
b)	LEI	213800X32GJR5AGAR511
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 0.1 pence each in the capital of the Company
	Identification code	Ordinary share ISIN: GB00B0T29327
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.296	1,013,513
			0.296	675,675
			0.2968	1,010,781
d)	Aggregated information
	- Aggregated volume	2,699,969 ordinary shares of 0.1 pence each purchased at a weighted average 0.296 pence per ordinary share
	- Price
e)	Date of the transaction	25 March 2022
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

END

 

 

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