REABOLD RESOURCES PLC — Director's Dealing 2024

Jun 17, 2024

National Storage Mechanism | Additional information

RNS Number : 7171S

Reabold Resources PLC

17 June 2024

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)

Price (s)	Volume (s)
0.075p	33,332,006

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.

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