RNS Number : 8070T
Reabold Resources PLC
18 November 2019
18 November 2019
Reabold Resources Plc
("Reabold" or the "Company")
Directors' Dealings
Reabold Resources, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, has been notified of the following on-market purchases of ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), by certain Directors of the Company, as follows:
|
Director
|
Date of purchase
|
No. of Ordinary Shares purchased
|
Price of Ordinary Shares purchased (pence)
|
No. of Ordinary Shares held following purchase
|
Percentage of issued share capital held following purchase
|
|
Sachin Oza
|
18/11/19
|
6,637,058
|
0.9p
|
16,637,058
|
0.25%
|
|
Stephen Williams
|
18/11/19
|
2,222,111
|
0.9p
|
12,222,111
|
0.18%
|
|
Mike Felton
|
18/11/19
|
5,577,755
|
0.9p
|
8,386,431
|
0.12%
|
|
Anthony Samaha
|
15/11/19
|
1,000,000
|
0.9p
|
1,000,000
|
0.01%
|
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information please contact:
|
Reabold Resources plc
Stephen Williams
Sachin Oza
|
c/o Camarco
+44 (0) 20 3757 4980
|
|
Strand Hanson Limited (Nominated and Financial Adviser)
James Spinney
Rory Murphy
James Dance
|
+44 (0)20 7409 3494
|
|
Camarco
James Crothers
Ollie Head
Billy Clegg
|
+44 (0) 20 3757 4980
|
|
Stifel Nicolaus Europe Limited - Joint Broker
Callum Stewart
Nicholas Rhodes
Ashton Clanfield
|
+44 (0) 20 7710 7600
|
|
Whitman Howard Limited - Joint Broker
Nick Lovering
Grant Barker
|
+44 (0) 20 7659 1234
|
|
Turner Pope Investments (TPI) Ltd - Joint Broker
Andy Thacker
Zoe Alexander
|
+44 (0) 20 3657 0050
|
Notes to Editors
Reabold Resources plc is an investing company investing in the exploration and production ("E&P") sector. The Company's investing policy is to acquire direct and indirect interests in exploration and producing projects and assets in the natural resources sector, and consideration is currently given to investment opportunities anywhere in the world.
As an investor in upstream oil & gas projects, Reabold aims to create value from each project by investing in undervalued, low-risk, near-term upstream oil & gas projects and by identifying a clear exit plan prior to investment.
Reabold's long term strategy is to re-invest capital made through its investments into larger projects in order to grow the Company. Reabold aims to gain exposure to assets with limited downside and high potential upside, capitalising on the value created between the entry stage and exit point of its projects. The Company invests in projects that have limited correlation to the oil price.
Reabold has a highly-experienced management team, who possess the necessary background, knowledge and contacts to carry out the Company's strategy.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
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www.rns.com.
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