Directors Dealings

RNS Number : 6647F

Obtala Resources Limited

29 July 2016

 

29 July 2016

Obtala Resources Limited

("Obtala", the "Group" or the "Company")

(AIM: OBT)

Directors Dealings

Obtala Resources Limited (AIM:OBT), the African focused agricultural and forestry company, is pleased to confirm that, following our initial announcement of 29^th June, the proposed appointment to the board of Warren Deats as Chief Operating Officer will become effective from 1^st August 2016.

Since our announcement of his intended appointment, Warren Deats has, between the dates of 6th and 29th July purchased 4,735,000 ordinary shares in the Company ("Ordinary Shares") between the prices of 8.4p and 9.0p (weighed average of 8.98p) per Ordinary Share.  This holding represents an interest in 1.8 per cent of the Company's issued ordinary share capital.

Miles Pelham, Chairman of Obtala, "I would like to welcome Warren to the Board of Obtala during this critical stage of our development.  Warren's invaluable experience in Africa, Europe and Asia, and his extensive contacts throughout the African continent will be crucial to the successful expansion of our agricultural and forestry divisions.  Warren will play the indispensable role of managing our African operations from the frontline thus being the gate keeper of our execution risk"

Obtala Resources Miles Pelham -Chairman Paul Dolan - Chief Executive Officer www.obtalaresources.com	[phone]
ZAI Corporate Finance Limited (Nomad)                 Ray Zimmerman Peter Trevelyan-Clark Jamie Spotswood	[phone]
Brandon Hill Capital  (Broker)      Jonathan Evans	[phone]

 

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