Last checked at 14 Oct 2021 15:36
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 |
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| Allenby Capital Limited | +44 (0) 20 3328 5656 | ||||||||
| Nominated Adviser and Joint Broker |
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| Alex Brearley, Nick Harriss, Nick Athanas (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking) |
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Turner Pope Investments (TPI) Limited |
+44 (0) 20 3657 0050 | ||||||||
| Joint Broker |
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| Andy Thacker |
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IFC Advisory Limited |
+44 (0) 20 3934 6630 | ||||||||
| Financial PR and IR |
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| Tim Metcalfe, Florence Chandler |
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1. | Details of the person discharging managerial responsibilities/person closely associated |
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(a) | Full name of person Dealing | Andrew Robert Yeo |
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2. | Reason for notification |
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(b) | Position/status | Director - CEO |
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(c) | Initial notification/ Amendment | Initial notification |
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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(d) | Name of entity | Baron Oil Plc |
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(e) | LEI | 213800MBSOS9UZ5SW712 |
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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 |
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(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 |
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(b) | Nature of the transaction | Sales of ordinary shares |
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(c) | Price(s) and volume(s) |
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(d) | Aggregated information: - Aggregated volume - Price | Single transaction as in 4(c) above
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(e) | Date of transaction | 14 October 2021 |
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(f) | Place of transaction | XLON |
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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) |
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(d) | Aggregated information: - Aggregated volume - Price | Single transaction as in 4(c) above
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(e) | Date of transaction | 14 October 2021 | ||||
(f) | Place of transaction | XLON | ||||