Last checked at 19 Apr 2017 17:45
For immediate release 19 April 2017
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 ("MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION AS PERMITTED BY MAR. THAT INSIDE INFORMATION IS SET OUT IN THIS ANNOUNCEMENT AND HAS BEEN DISCLOSED AS SOON AS POSSIBLE IN ACCORDANCE WITH PARAGRAPH 7 OF ARTICLE 17 OF MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION IN RELATION TO THE COMPANY AND ITS SECURITIES
REABOLD RESOURCES PLC
"Reabold" or the "Company"
Completion of Subscription
PDMR Shareholdings
Further to the announcement made earlier today ("Earlier Announcement") Reabold Resources Plc (LSE AIM:RBD) is pleased to announce completion of the subscription (the "Subscription") of a total of 73,500,000 new ordinary shares to raise a total of £367,500 gross proceeds on the basis of the Earlier Announcement.
PDMR Shareholdings
Mr Jeremy Edelman, a PDMR, has subscribed for new ordinary shares pursuant to the Subscription (the "Subscription Shares") as follows:
Name | Number of Existing Ordinary Shares | Number of Subscription Shares subscribed for | Total Number of Ordinary Shares held on Admission of Subscription Shares | Percentage of Enlarged Ordinary Share Capital on as enlarged by Admission of Subscription Shares (the "Enlarged Share Capital") |
Saltwind Enterprises Limited * ("Saltwind") | 124,000,000 | 10,000,000 | 134,000,000 | 34% |
*a company of which Jeremy Edelman is a director and shareholder. In addition Jeremy Edelman holds 25,000,000 ordinary shares in his own name and so, taken together with Saltwind, holds 159,000,000 ordinary shares representing 40.03% of the Enlarged Share Capital.
For further information please contact:
Reabold Resources plc
Jeremy Edelman +44 (0) 207 460 2353
Antony Samaha
Beaumont Cornish Limited
Roland Cornish/ Felicity Geidt +44 (0) 20 7628 3396
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in respect of the PDMR subscribing for Subscription Shares as described above.
Jeremy Edelman
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Jeremy Edelman
| ||||
2 | Reason for notification | |||||
a) | Position / status | Chairman | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Reabold Resources plc
| ||||
b) | LEI | 2138006DR8T8XE87OC49 | ||||
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
Identification code | Ordinary shares of 0.1 pence each in Reabold Resources plc
ISIN GB00B95L0551
| ||||
Nature of the transaction | Subscription of new ordinary shares as described above
| |||||
c) | Price(s) and volumes(s) |
| ||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 19 April 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (XLON) | ||||