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.
