Last checked at 28 Mar 2022 07:00
Oriole Resources Plc
('Oriole' or 'the Company')
Director's Dealings
Oriole Resources PLC, the AIM-quoted exploration company focussed on West Africa, announces it received notification on 25 March 2022 that on that day, Eileen Carr, its Non-Executive Chair, acquired ordinary shares of 0.1p each in the Capital of the Company ('Ordinary Shares') as set out below:
Name | Number of Ordinary Shares Purchased | Weighted average price per Ordinary Share (p) | Resultant shareholding in the Company | Percentage of the issued share capital of the Company |
Eileen Carr | 2,699,969 | 0.296 | 5,077,980 | 0.25% |
Further details of the PDMR dealings are included 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 **
For further information please visit www.orioleresources.com, @OrioleResources on Twitter,
or contact:
Oriole Resources Plc | Tel: +44 (0)20 830 9650 |
Tim Livesey / Bob Smeeton / Claire Bay | |
BlytheRay (IR/PR Contact) | Tel: +44 (0)20 7138 3204 |
Tim Blythe / Megan Ray / Rachel Brooks | |
Grant Thornton UK LLP | Tel: +44 (0)20 7383 5100 |
Samantha Harrison / George Grainger / Ciara Donnelly | |
Shard Capital Partners LLP | Tel: +44 (0)20 7186 9900 |
Damon Heath / Erik Woolgar / Isabella Pierre
| |
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 Licence Package 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. IAMGOLD has recently notified the Company that it has, under the terms of the agreement, met the first commitment by spending US$4 million within an initial four years. Subject to the Company completing a review of these expenditures, IAMGOLD will acquire a 51% interest in Senala. The Company also 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.
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
| 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 ordinary shares | |||
c)
| Price(s) and volume(s) |
|
|
|
|
| Price(s) | Volume(s) |
| ||
| 0.296 | 1,013,513 |
| ||
| 0.296 | 675,675 |
| ||
| 0.2968 | 1,010,781 |
| ||
|
|
|
| ||
d)
| Aggregated information | ||||
- Aggregated volume | 2,699,969 ordinary shares of 0.1 pence each purchased at a weighted average 0.296 pence per ordinary share | ||||
- Price | |||||
e)
| Date of the transaction
| 25 March 2022 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | |||