Directors Dealings
Updated : 12:45
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
Directors Dealings
Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West and Central Africa, announces that Eileen Carr, the Company's Non-Executive Chair, has today acquired 13,500,000 Ordinary Shares in the Company ('Ordinary Shares') at an average price of 0.30 pence per share, and Martin Rosser, the Company's Chief Executive Officer, has acquired 2,675,585 Ordinary Shares at a price of 0.30 pence per share. The shares purchased represents 0.35% and 0.07% of the issued share capital of the Company respectively.
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 3,895,872,338.
Resultant holdings in the Company's Ordinary Shares are as set out below:
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 | 168,172,969 | 13,500,000 | 181,672,969 | 4.66 |
Martin Rosser | 3,000,000 | 2,675,585 | 5,675,585 | 0.15 |
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
** 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) | ||||
0.299p | 3,500,000 | ||||
0.2999p | 5,000,000 | ||||
0.2934p | 5,000,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 13,500,000 Ordinary Shares of 0.1 pence each | ||||
- Price | 0.30 pence per Ordinary Share | ||||
e)
| Date of the transaction
| 13th November 2024 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
|
Martin Rosser | |||
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 new shares. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.299p | 2,675,585 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 13th November 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 82.21%-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.
[1] Oriole is currently undertaking a restructuring process that, once completed, will see it hold a 90% interest in Bibemi (announcement dated 17 October 2024).
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