28 May 2024
Baron Oil Plc
("Baron", or the "Company")
Director/PDMR shareholding - acquisition of shares
Baron Oil Plc (AIM: BOIL), has been notified that on 28 May 2024, Gerry Aherne, Independent Non-Executive Chairman, purchased 30,000,000 ordinary shares of 0.025 pence each in the Company ("Ordinary Shares") at a price of 0.0676 pence per share.
Accordingly, Gerry Aherne's total beneficial shareholding in the Company is 30,000,000 Ordinary Shares, which represents approximately 0.12% of the Company's current voting rights.
Further details are provided below in accordance with the requirements of the UK Market Abuse Regulation.
For further information, please contact:
Baron Oil Plc +44 (0) 20 7117 2849
Dr Andy Butler, Chief Executive Officer
Allenby Capital Limited +44 (0) 20 3328 5656
Nominated Adviser and Joint Broker
Nick Athanas, Nick Harriss, George Payne (Corporate Finance)
Kelly Gardiner, Stefano Aquilino (Sales and Corporate Broking)
Cavendish Capital Markets Limited +44 (0) 131 220 6939 / +44 (0) 207 397 8900
Joint Broker
Neil McDonald, Pearl Kellie (Corporate Finance)
Leif Powis (Sales)
IFC Advisory Limited +44 (0) 20 3934 6630
Financial PR and IR baronoil@investor-focus.co.uk
Tim Metcalfe, Florence Chandler
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) | Full name of person Dealing | Gerry Aherne |
| 2. | Reason for notification | |
| (b) | Position/status | Independent Non-Executive Chairman |
| (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 | Ordinary Shares of 0.025 pence each in the Company |
| (b) | Identification code | GB00B01QGH57 |
| (c) | Nature of the transaction | Purchase of Ordinary Shares |
| (d) | Price(s) and volume(s) | Price: 0.0676 pence per share
Volume: 30,000,000
|
| (e) | Aggregated information: - Aggregated volume - Price | N/A - as above |
| (f) | Date of transaction | 28 May 2024 |
| (g) | Place of transaction | London Stock Exchange, AIM |
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