09 January 2024
Reabold Resources plc
("Reabold" or the "Company")
Transaction in Own Shares
Reabold Resources plc, the oil & gas investing company with a diversified portfolio of exploration, appraisal and development projects, announces that, in accordance with the terms of its share buyback programme announced on 13 December 2023, it has purchased the following number of ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel"). The repurchased shares will be held in the Company's Treasury.
| Date of purchase: | 08 January 2024 |
| Aggregate number of Ordinary Shares purchased: | 14,909,546 |
| Lowest price paid per Ordinary Share (pence per share): | 0.0818 pence |
| Highest price paid per Ordinary Share (pence per share): | 0.0900 pence |
| Volume weighted average price paid per Ordinary Share (pence per share): | 0.0828 pence |
Following the share buyback, the Company will have 10,215,337,891 Ordinary Shares in issue, and 259,347,316 Ordinary Shares held in Treasury.
The figure of 10,215,337,891 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) as in force in the UK by virtue of the European Union (Withdrawal) Act 2018, the table below contains detailed information of the individual trades made by Stifel as part of the buyback programme.
Schedule of purchases:
| Ordinary Shares purchased: | Reabold Resources plc (ISIN: GB00B95L0551) |
| Date of purchases: | 08 January 2024 |
| Investment firm: | Stifel Nicolaus Europe Limited |
Individual transactions:
| Transaction date and time | Number of shares purchased | Transaction price (pence per share) | Trading venue |
| 08 January 2024, 09:56 AM | 1,000,000 | 0.0900 | LSE |
| 08 January 2024, 11:20 AM | 2,173,115 | 0.0836 | LSE |
| 08 January 2024, 11:23 AM | 1,012,167 | 0.0828 | LSE |
| 08 January 2024, 11:47 AM | 1,138,260 | 0.0818 | LSE |
| 08 January 2024, 12:14 PM | 8,586,186 | 0.0818 | LSE |
| 08 January 2024, 04:38 PM | 999,818 | 0.0840 | LSE |
| 08 January 2024, 09:56 AM | 1,000,000 | 0.0900 | LSE |
For further information, contact:
| Reabold Resources plc Sachin Oza Stephen Williams
| c/o Camarco +44 (0) 20 3757 4980
|
| Strand Hanson Limited - Nominated & Financial Adviser James Spinney James Dance Rob Patrick
Stifel Nicolaus Europe Limited - Joint Broker Callum Stewart Simon Mensley Ashton Clanfield
Cavendish - Joint Broker Barney Hayward
| +44 (0) 20 7409 3494
+44 (0) 20 7710 7600
+44 (0) 20 7220 0500 |
| Camarco Billy Clegg Rebecca Waterworth Sam Morris
| +44 (0) 20 3757 4980
|
Notes to Editors
Reabold Resources plc has a diversified portfolio of exploration, appraisal and development oil & gas projects. Reabold's strategy is to invest in low-risk, near-term projects which it considers to have significant valuation uplift potential, with a clear monetisation plan, where receipt of such proceeds will be returned to shareholders and re-invested into further growth projects. This strategy is illustrated by the recent sale of the undeveloped Victory gas field to Shell, the proceeds of which are being returned to shareholders and re-invested.
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended.
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