Reabold Resources PLC Deferred Annual Bonus Plan Shares Option Awards
June 06 2024 - 5:35AM
RNS Regulatory News
RNS Number : 4299R
Reabold Resources PLC
06 June 2024
6 June 2024
Reabold
Resources plc
("Reabold" or the
"Company")
Deferred Annual Bonus Plan
2023 Shares Option Awards
PDMR
Dealing
Reabold Resources plc, the investing
company focussed on developing strategic gas projects for European
energy security, announces that on 6 June 2024 (the "Grant Date"),
the following share option awards (the "Awards") were made to
certain Directors and Persons Discharging Managerial
Responsibilities ("PDMRs") under the Reabold Resources plc Deferred
Annual Bonus Plan (the "Plan").
The Awards were made in accordance
with the rules of the Plan and as provided for in the 2023
Directors' Remuneration Report, which can be found in the Company's
2023 Annual Report. The Awards represent 50% of the total 2023
annual bonus value, which is required to be deferred into nil-cost
options over ordinary shares of 0.1p each in the capital of the
Company ("Ordinary Shares"), pursuant to the terms of the Plan. In
calculating the number of Ordinary Shares over which the Awards
have been made, the Remuneration Committee has applied the closing
price per Ordinary Share on the day prior to the Grant
Date.
The number of Ordinary Shares
subject to the nil-cost options granted under the Awards are set
out in the table below. The nil-cost options will
become exercisable from the third anniversary of
the Grant Date, subject to the terms and conditions of the
Plan.
|
Director/PDMR
|
Position
|
Number of Ordinary Shares
subject to Award
|
|
Sachin Oza
|
Co-Chief Executive
Officer
|
36,839,030
|
|
Stephen Williams
|
Co-Chief Executive
Officer
|
36,839,030
|
|
Chris Connolly
|
Chief Financial Officer
|
22,338,750
|
PDMR Notifications
The below notifications are made in
accordance with the Article 19 of the Market Abuse Regulation (EU)
596/2014, as it forms part of United Kingdom domestic law by virtue
of the European Union (Withdrawal) Act 2018, as amended.
|
1. Details of the person discharging managerial
responsibilities / person closely associated
|
|
a)
|
Name
|
Sachin Oza
|
|
2. Reason for notification
|
|
b)
|
Position / status
|
Co-CEO
|
|
c)
|
Initial notification /
amendment
|
Initial Notification
|
|
3. Details of the issuer or emission allowance
market participant
|
|
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
Identification code
|
Ordinary Shares
GB00B95L0551
|
|
b)
|
Nature of the transaction
|
36,839,030 nil-cost options over
Ordinary Shares awarded under the Reabold Deferred Annual Bonus
Plan
|
|
c)
|
Price(s) and volume (s)
|
|
Price (s)
|
Volume (s)
|
|
Nil consideration
|
36,839,030
|
|
|
d)
|
Aggregated information
· Volume
· Price
· Total
|
N/A, single transaction
|
|
e)
|
Date of the transaction
|
6 June 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1. Details of the person discharging managerial
responsibilities / person closely associated
|
|
a)
|
Name
|
Stephen Williams
|
|
2. Reason for notification
|
|
b)
|
Position / status
|
Co-CEO
|
|
c)
|
Initial notification /
amendment
|
Initial Notification
|
|
3. Details of the issuer or emission allowance
market participant
|
|
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
Identification code
|
Ordinary Shares
GB00B95L0551
|
|
b)
|
Nature of the transaction
|
36,839,030 nil-cost options over
Ordinary Shares awarded under the Reabold Deferred Annual Bonus
Plan
|
|
c)
|
Price(s) and volume (s)
|
|
Price (s)
|
Volume (s)
|
|
Nil consideration
|
36,839,030
|
|
|
d)
|
Aggregated information
· Volume
· Price
· Total
|
N/A, single transaction
|
|
e)
|
Date of the transaction
|
6 June 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1. Details of the person discharging managerial
responsibilities / person closely associated
|
|
a)
|
Name
|
Chris Connolly
|
|
2. Reason for notification
|
|
b)
|
Position / status
|
CFO (PDMR)
|
|
c)
|
Initial notification /
amendment
|
Initial Notification
|
|
3. Details of the issuer or emission allowance
market participant
|
|
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
Identification code
|
Ordinary Shares
GB00B95L0551
|
|
b)
|
Nature of the transaction
|
22,338,750 nil-cost options over
Ordinary Shares awarded under the Reabold Deferred Annual Bonus
Plan
|
|
c)
|
Price(s) and volume (s)
|
|
Price (s)
|
Volume (s)
|
|
Nil consideration
|
22,338,750
|
|
|
d)
|
Aggregated information
· Volume
· Price
· Total
|
N/A, single transaction
|
|
e)
|
Date of the transaction
|
6 June 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
For
further information please contact:
|
Reabold Resources plc
Sachin Oza
Stephen Williams
|
c/o Camarco
+44 (0) 20 3757 4980
|
|
Strand Hanson Limited - Nominated & Financial
Adviser
James Spinney
James Dance
Rob Patrick
Cavendish - Broker
Neil McDonald
Pearl Kellie
|
+44 (0) 20 7409 3494
+44 (0) 20 7220 0500
|
|
Camarco
Billy Clegg
Rebecca Waterworth
Sam Morris
|
+44 (0) 20 3757 4980
|
Notes to Editors
Reabold Resources plc has a
diversified portfolio of exploration, appraisal and development oil
& gas projects. Reabold's strategy is to invest in low-risk,
near-term projects which it considers to have significant valuation
uplift potential, with a clear monetisation plan, where receipt of
such proceeds will be returned to shareholders and re-invested into
further growth projects. This strategy is illustrated by the recent
sale of the undeveloped Victory gas field to Shell, the proceeds of
which are being returned to shareholders and
re-invested.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
DSHFIFVARVIRIIS
Reabold Resources (LSE:RBD)
Historical Stock Chart
From Oct 2024 to Nov 2024
Reabold Resources (LSE:RBD)
Historical Stock Chart
From Nov 2023 to Nov 2024
