17 June 2024
Reabold Resources plc
("Reabold" or the "Company")
Director/PDMR Dealing
Reabold Resources plc, the investing company focussed on developing strategic gas projects for European energy security, announces that on 14 June 2024, the spouse (being a 'person closely associated') of Michael Felton, Non-executive Director, purchased 33,332,006 Ordinary Shares at a price of 0.075 pence per share.
Following this transaction, which is further detailed in the PDMR Notification Form below, Michael Felton's (including persons closely associated with Michael Felton) ultimate beneficial ownership is 58,572,605 Ordinary Shares, representing 0.57% of the Company's issued share capital (excluding treasury shares).
PDMR Notification
The below notification is made in accordance with the Article 19 of the Market Abuse Regulation (EU) 596/2014, as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.
| 1. Details of the person discharging managerial responsibilities / person closely associated
| ||||||
| a) | Name | Alison Felton | ||||
| 2. Reason for notification | ||||||
| b) | Position / status | Notification concerns a PCA of Michael Felton (Non-executive Director)
| ||||
| c) | Initial notification / amendment | Initial Notification
| ||||
| 3. Details of the issuer or emission allowance market participant
| ||||||
| a) | Name | Reabold Resources PLC | ||||
| b) | LEI | 2138006DR8T8XE87OC49 | ||||
| 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 Identification code
| Ordinary Shares of 0.1p each
GB00B95L0551
| ||||
| b) | Nature of the transaction | Purchase of Ordinary Shares
| ||||
| c) | Price(s) and volume (s) |
| ||||
| d) | Aggregated information · Volume · Price · Total | · N/A, single transaction | ||||
| e) | Date of the transaction | 14 June 2024 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
For further information please 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
Cavendish - Broker Neil McDonald Pearl Kellie
| +44 (0) 20 7409 3494
+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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.