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 Martin
Rosser, the Company's Chief Executive Officer, has today acquired
3,000,000 Ordinary Shares of 0.1p each ('Ordinary Shares') in the
Company at a price of 0.354 pence per share. The shares purchased
represent 0.08% of the issued share capital of the
Company.
|
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
|
|
Martin Rosser
|
0
|
3,000,000
|
3,000,000
|
0.08%
|
Following this purchase of shares,
the Company's Directors now hold a total 225,196,990 Ordinary
Shares, representing 5.78% of the Company's total voting
rights.
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
|
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)
|
|
|
|
|
0.354p
|
3,000,000
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
3,000,000 Ordinary Shares of 0.1
pence each
|
|
|
|
|
- Price
|
0.354 pence per Ordinary
Share
|
|
|
|
|
e)
|
Date of the transaction
|
13th 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.