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).
