SUNDA ENERGY PLC — Director's Dealing 2021

Oct 14, 2021

National Storage Mechanism | Additional information

RNS Number : 1420P

Baron Oil PLC

14 October 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

14 October 2021

Baron Oil Plc

("Baron" or the "Company")

Director/PDMR Shareholding

Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company, announces that it was notified on 14 October 2021 that Andrew Yeo, the Company's Chief Executive Officer, has, in order to transfer part of his shareholding in the Company into his individual savings account ("ISA"), sold 51,250,000 ordinary shares of 0.025 pence each in the Company ("Ordinary Shares") and then purchased 51,250,000 Ordinary Shares in his ISA. The transactions took place on 14 October 2021 and further information is contained in the disclosure tables below.

Following the transactions, Mr Yeo's beneficial interest in a total of 168,850,000 Ordinary Shares remains unchanged.

For further information, please contact:

Baron Oil Plc

+44 (0) 20 7117 2849

Andy Yeo, Chief Executive

Allenby Capital Limited

+44 (0) 20 3328 5656

Nominated Adviser and Joint Broker

Alex Brearley, Nick Harriss, Nick Athanas (Corporate Finance)

Kelly Gardiner (Sales and Corporate Broking)

Turner Pope Investments (TPI) Limited

+44 (0) 20 3657 0050

Joint Broker

Andy Thacker

IFC Advisory Limited

+44 (0) 20 3934 6630

Financial PR and IR

Tim Metcalfe, Florence Chandler

1. 

Details of the person discharging managerial responsibilities/person closely associated

(a) 

Full name of person Dealing

Andrew Robert Yeo

2. 

Reason for notification

(b) 

Position/status

Director - CEO

(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

Identification code

Ordinary shares of 0.025 pence each in the Company

Identification code (ISIN) for Baron Oil Plc ordinary shares: GB00B01QGH57

(b) 

Nature of the transaction

Sales of ordinary shares

(c) 

Price(s) and volume(s)

Prices(s)	Volume(s)
0.075 pence	51,250,000

(d) 

Aggregated information:

- Aggregated volume

- Price

Single transaction as in 4(c) above

Prices(s)	Volume(s)
0.075 pence	51,250,000

(e) 

Date of transaction

14 October 2021

(f) 

Place of transaction

XLON

1. 

Details of the person discharging managerial responsibilities/person closely associated

(a) 

Full name of person Dealing

Andrew Robert Yeo

2. 

Reason for notification

(b) 

Position/status

Director - CEO

(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

Identification code

Ordinary shares of 0.025 pence each in the Company

Identification code (ISIN) for Baron Oil Plc ordinary shares: GB00B01QGH57

(b) 

Nature of the transaction

Purchase of ordinary shares

(c) 

Price(s) and volume(s)

Prices(s)	Volume(s)
0.07505 pence	51,250,000

(d) 

Aggregated information:

- Aggregated volume

- Price

Single transaction as in 4(c) above

Prices(s)	Volume(s)
0.07505 pence	51,250,000

(e) 

Date of transaction

14 October 2021

(f) 

Place of transaction

XLON

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