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5 Jun 2024 16:54
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 Eileen Carr, the Company's Non-Executive Chair, has today acquired 6,000,000 Ordinary Shares of 0.1p each ('Ordinary Shares') in the Company at a price of 0.33 pence per share. The shares purchased represent 0.15% of the issued share capital of the Company.
Following this purchase of shares, Eileen Carr has a beneficial interest over 168,172,969 Ordinary Shares, representing 4.32% of the Company's total voting rights.
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 |
Eileen Carr | 162,172,969 | 6,000,000 | 168,172,969 | 4.32% |
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
|
Eileen Carr | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Non-Executive Chair | |||
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) | ||||
0.33p | 6,000,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 6,000,000 Ordinary Shares of 0.1 pence each | ||||
- Price | 0.33 pence per Ordinary Share | ||||
e)
| Date of the transaction
| 05th 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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