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13 Jun 2024 13:24
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
Director Dealing
Oriole Resources PLC (AIM: ORR), the AIM-quoted gold exploration company focussed on West Africa, announces that Martin Rosser, the Company's Chief Executive Officer, has today acquired 3,000,000 Ordinary Shares of 0.1p each ('Ordinary Shares') in the Company at a price of 0.354 pence per share. The shares purchased represent 0.08% of the issued share capital of the Company.
Name | Number of Ordinary Shares held prior to transaction | Number of Ordinary Shares Purchased | Resultant shareholding in the Company following the transaction | Percentage of the issued share capital of the Company following the transaction |
Martin Rosser | 0 | 3,000,000 | 3,000,000 | 0.08% |
Following this purchase of shares, the Company's Directors now hold a total 225,196,990 Ordinary Shares, representing 5.78% of the Company's total voting rights.
Further details of the acquisition are included in the PDMR form below. This information has been provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
** ENDS **
ANNEX - PDMR notifications
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
|
Martin Rosser | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Executive Officer | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Oriole Resources PLC | |||
b)
| LEI
| 213800X32GJR5AGAR511 | |||
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 | Ordinary Shares of 0.1 pence each in the capital of the Company
| |||
Identification code | Ordinary Share ISIN: GB00B0T29327 | ||||
b)
| Nature of the transaction
| Purchase of new shares. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.354p | 3,000,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 3,000,000 Ordinary Shares of 0.1 pence each | ||||
- Price | 0.354 pence per Ordinary Share | ||||
e)
| Date of the transaction
| 13th June 2024 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | |||
For further information please visit www.orioleresources.com, @OrioleResources on X, or contact:
Oriole Resources Plc | Tel: +44 (0)23 8065 1649 |
Martin Rosser / Bob Smeeton / Claire Bay | |
| |
BlytheRay (IR/PR Contact) | Tel: +44 (0)20 7138 3204 |
Tim Blythe / Megan Ray | |
| |
Grant Thornton UK LLP | Tel: +44 (0)20 7383 5100 |
Samantha Harrison / Ciara Donnelly /Elliot Peters | |
SP Angel Corporate Finance LLP Ewan Leggat / Kasia Brzozowska
| Tel: +44 (0)20 3470 0470 |
Notes to Editors:
Oriole Resources PLC is an AIM-listed gold exploration company, operating in West Africa. It is focussed on early-stage exploration in Cameroon, where the Company has reported a Resource of 375,000oz Au at 2.30g/t in the JORC Inferred category at its 82.2%-owned Bibemi project and has identified multi-kilometre gold and lithium anomalism within the district-scale Central Licence Package project. BCM International is currently earning up to a 50% interest in the Bibemi and Mbe projects in return for a combined investment of US$1.5 million in signature payments, up to US$8 million in exploration expenditure, as well as JORC resource-based success payments.
At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl ('AGEM'), a wholly-owned subsidiary of Managem Group, has recently completed a six-year earn-in to acquire an estimated 59% beneficial interest in the Senala Exploration Licence by spending US$5.8 million. A review of expenditure and discussions on the formation of a joint-venture company are currently underway. The Company also has several interests and royalties in companies operating in East Africa and Turkey that could deliver future cash flow.
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