Last checked at 18 Nov 2019 17:13
18 November 2019
Reabold Resources Plc
("Reabold" or the "Company")
Directors' Dealings
Reabold Resources, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, has been notified of the following on-market purchases of ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), by certain Directors of the Company, as follows:
Director | Date of purchase | No. of Ordinary Shares purchased | Price of Ordinary Shares purchased (pence) | No. of Ordinary Shares held following purchase | Percentage of issued share capital held following purchase |
Sachin Oza | 18/11/19 | 6,637,058 | 0.9p | 16,637,058 | 0.25% |
Stephen Williams | 18/11/19 | 2,222,111 | 0.9p | 12,222,111 | 0.18% |
Mike Felton | 18/11/19 | 5,577,755 | 0.9p | 8,386,431 | 0.12% |
Anthony Samaha | 15/11/19 | 1,000,000 | 0.9p | 1,000,000 | 0.01% |
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information please contact:
Reabold Resources plc Stephen Williams Sachin Oza | c/o Camarco +44 (0) 20 3757 4980 |
Strand Hanson Limited (Nominated and Financial Adviser) James Spinney Rory Murphy James Dance |
+44 (0)20 7409 3494
|
Camarco James Crothers Ollie Head Billy Clegg
| +44 (0) 20 3757 4980 |
Stifel Nicolaus Europe Limited - Joint Broker Callum Stewart Nicholas Rhodes Ashton Clanfield
| +44 (0) 20 7710 7600
|
Whitman Howard Limited - Joint Broker Nick Lovering Grant Barker
| +44 (0) 20 7659 1234 |
Turner Pope Investments (TPI) Ltd - Joint Broker Andy Thacker Zoe Alexander | +44 (0) 20 3657 0050
|
Notes to Editors
Reabold Resources plc is an investing company investing in the exploration and production ("E&P") sector. The Company's investing policy is to acquire direct and indirect interests in exploration and producing projects and assets in the natural resources sector, and consideration is currently given to investment opportunities anywhere in the world.
As an investor in upstream oil & gas projects, Reabold aims to create value from each project by investing in undervalued, low-risk, near-term upstream oil & gas projects and by identifying a clear exit plan prior to investment.
Reabold's long term strategy is to re-invest capital made through its investments into larger projects in order to grow the Company. Reabold aims to gain exposure to assets with limited downside and high potential upside, capitalising on the value created between the entry stage and exit point of its projects. The Company invests in projects that have limited correlation to the oil price.
Reabold has a highly-experienced management team, who possess the necessary background, knowledge and contacts to carry out the Company's strategy.