Last checked at 26 Aug 2021 12:12
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
Director Dealing
Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, announces that Tim Livesey, the Company's Chief Executive Officer, has today acquired 1,237,905 Ordinary Shares the Company ('Ordinary Shares') at a price of 0.52 pence per share, the shares purchased represent 0.08% of the issued share capital of the Company.
Following this purchase of shares, Tim Livesey has a beneficial interest over 10,382,662 Ordinary Shares, representing 0.66% of the Company's total voting rights.
The Company's Ordinary Shares referred to above are Oriole Resources plc Ordinary Shares of 0.1 pence each and the total number of shares in issue is 1,577,550,456.
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 |
Tim Livesey | 9,144,757 | 1,237,905 | 10,382,662 | 0.66 |
Further details on the purchase are included in the notifications below, made in accordance with the requirements of the EU Market Abuse Regulation which is part of English 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
|
Timothy James Livesey | |||
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 ordinary shares. | |||
c)
| Price(s) and volume(s) |
|
|
|
|
| Price(s) | Volume(s) |
| ||
| 0.52p | 1,237,905 |
| ||
|
|
|
| ||
d)
| Aggregated information | ||||
- Aggregated volume | 1,237,905 Ordinary Shares of 0.1 pence each | ||||
- Price | 0.52 pence per Ordinary Share | ||||
e)
| Date of the transaction
| 26th August 2021 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | |||
For further information please visit www.orioleresources.com, @OrioleResources on Twitter, or contact:
Oriole Resources PLC Bob Smeeton / Tim Livesey / Claire Bay
| Tel: +44 (0)20 7830 9650 |
Blytheweigh (IR/PR contact) Tim Blythe / Megan Ray / Rachael Brooks
| Tel: +44 (0)20 7138 3204 |
Grant Thornton UK LLP Samantha Harrison / George Grainger
| Tel: +44 (0)20 7383 5100 |
Shard Capital Partners LLP Damon Heath / Erik Woolgar / Isabella Pierre
| Tel: +44 (0)20 186 9900 |
Notes to Editors:
Oriole Resources PLC is an AIM-listed exploration company, operating West Africa. It is focused on early-stage exploration in Cameroon (Bibemi, Wapouzé and Central Cameroon projects) and the more advanced Senala gold project in Senegal, where IAMGOLD has the option to spend US$8 million to earn a 70% interest. The Company has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.