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Reabold Resources (RBD)

Reabold Resources

Directors' Dealings
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 rns@lseg.com or visit www.rns.com.
 
END
 
 
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