Directors Dealings

Oriole Resources PLC

13 November 2024

 

Oriole Resources PLC 

('Oriole Resources' or 'the Company' or 'the Group')

Directors Dealings

Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West and Central Africa, announces that Eileen Carr, the Company's Non-Executive Chair, has today acquired 13,500,000 Ordinary Shares in the Company ('Ordinary Shares') at an average price of 0.30 pence per share, and Martin Rosser, the Company's Chief Executive Officer, has acquired 2,675,585 Ordinary Shares at a price of 0.30 pence per share. The shares purchased represents 0.35% and 0.07% of the issued share capital of the Company respectively.

The Company's Ordinary Shares referred to above are Oriole Resources plc Ordinary Shares of 0.1 pence each and the total number of shares in issue is 3,895,872,338.

Resultant holdings in the Company's Ordinary Shares are as set out below:

Name	Number of Ordinary Shares held prior to transaction	Number of Ordinary Shares Purchased	Resultant shareholding in the Company following the transaction	Percentage of the issued share capital of the Company following the transaction
Eileen Carr	168,172,969	13,500,000	181,672,969	4.66
Martin Rosser	3,000,000	2,675,585	5,675,585	0.15

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

** ENDS **

ANNEX - PDMR notifications

Template for 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	Non-Executive 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 new shares.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.299p	3,500,000
			0.2999p	5,000,000
			0.2934p	5,000,000
d)	Aggregated information
	- Aggregated volume	13,500,000 Ordinary Shares of 0.1 pence each
	- Price	0.30 pence per Ordinary Share
e)	Date of the transaction	13th November 2024
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martin Rosser
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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 new shares.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.299p	2,675,585
d)	Aggregated information
	- Aggregated volume
	- Price
e)	Date of the transaction	13th November 2024
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

For further information please visit www.orioleresources.com, @OrioleResources on X, or contact:

Oriole Resources Plc	Tel: [phone]
Martin Rosser / Bob Smeeton / Claire Bay
BlytheRay (IR/PR Contact)	Tel: [phone]
Tim Blythe / Megan Ray
Grant Thornton UK LLP	Tel: [phone]
Samantha Harrison / Ciara Donnelly /Elliot Peters
SP Angel Corporate Finance LLP Ewan Leggat / Kasia Brzozowska	Tel: [phone]

Notes to Editors:

Oriole Resources PLC is an AIM-listed gold exploration company, operating in West Africa. It is focussed on early-stage exploration in Cameroon, where the Company has reported a Resource of 375,000oz Au at 2.30g/t in the JORC Inferred category at its 82.2¹%-owned Bibemi project and has identified multi-kilometre gold and lithium anomalism within the district-scale Central Licence Package project. BCM International is currently earning up to a 50% interest in the Bibemi and Mbe projects in return for a combined investment of US$1.5 million in signature payments, up to US$8 million in exploration expenditure, as well as JORC resource-based success payments.

At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl ('AGEM'), a wholly-owned subsidiary of Managem Group, has recently completed a six-year earn-in to acquire an estimated 59% beneficial interest in the Senala Exploration Licence by spending US$5.8 million. A review of expenditure and discussions on the formation of a joint-venture company are currently underway. The Company also has several interests and royalties in companies operating in East Africa and Turkey that could deliver future cash flow.

[1] Oriole is currently undertaking a restructuring process that, once completed, will see it hold a 90% interest in Bibemi (announcement dated 17 October 2024).

 

END