TIDMORR
RNS Number : 4922A
Oriole Resources PLC
22 January 2024
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
Exercise of Warrants, Directors Dealings and Total Voting
Rights
Oriole Resources PLC (AIM: ORR) , the AIM-quoted exploration
company focussed on West Africa announces that, following receipt
of notices to exercise warrants over ordinary shares in the Company
(the 'Exercise') by four of the Company's directors, application
has been made for 17,444,445 new ordinary shares of 0.1p each
('Ordinary Shares') in the Company to be admitted to trading on AIM
on 26 January 2024 ('Admission'). The exercise prices of the
warrants are as set out below:
Instrument Exercise Price Number of New Ordinary Shares
(pence) to be admitted
Warrants 0.25 17,444,445
--------------- ------------------------------
The warrants are being exercised by four directors of the
Company and details of these together with their resultant
interests in the share capital of the Company are set out
below:
Name No. of Existing No. Number of Percentage Total Warrant Total Option
Ordinary of Shares Ordinary of holdings holdings
Shares to be Shares held enlarged post Admission post Admission
issued post Admission issued
in respect share capital
of Warrant following
exercise Admission
Eileen Carr 152,672,969 9,500,000 162,172,969 4.18% 1,611,111 24,300,000
---------------- ------------ ---------------- --------------- --------------- ---------------
Tim Livesey 38,308,323 2,777,778 41,086,101 1.06% - 76,479,940
---------------- ------------ ---------------- --------------- --------------- ---------------
Robert Smeeton 32,436,378 3,500,000 35,936,378 0.93% 3,166,666 64,383,952
---------------- ------------ ---------------- --------------- --------------- ---------------
Claire Bay 9,739,901 1,666,667 11,406,568 0.29% - 47,530,000
---------------- ------------ ---------------- --------------- --------------- ---------------
Further details on the exercise are included in the notification
below, made in accordance with the requirements of UK MAR.
The new Ordinary Shares will rank pari passu with the Company's
existing Ordinary Shares.
Following Admission, a total of 171,444,443 warrants and
264,526,245 options over Ordinary Shares (representing
approximately 11.2 per cent. of the Company's enlarged issued share
capital) remain outstanding.
Total Voting Rights
Following Admission, the Company's issued share capital will be
3,881,983,450 Ordinary Shares. This figure of 3,881,983,450 may be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the FCA's Disclosure and Transparency Rules.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Following the
publication of this announcement, this inside information is now
considered to be in the public domain.
**S **
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 Chair
--------------------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- ------------------------------------------
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 Ordinary shares of 0.1 pence each in
financial instrument, the capital of the Company
type of instrument
Identification code Ordinary share ISIN: GB00B0T29327
b) Nature of the transaction Exercise of warrants
--------------------------------------- ------------------------------------------
c) Price(s) and volume(s)
------------------ -------------------
Price(s) Volume(s)
------------------ -------------------
0.25p 9,500,000
------------------ -------------------
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 22nd January 2024
--------------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- ------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name
Timothy Livesey
--------------------------------------- ------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Oriole Resources PLC
--------------------------------------- ------------------------------------------
b) LEI 213800X32GJR5AGAR511
--------------------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 0.1 pence each in
financial instrument, the capital of the Company
type of instrument
Identification code Ordinary share ISIN: GB00B0T29327
b) Nature of the transaction Exercise of warrants
--------------------------------------- ------------------------------------------
c) Price(s) and volume(s)
------------------ -------------------
Price(s) Volume(s)
------------------ -------------------
0.25p 2,777,778
------------------ -------------------
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 22nd January 2024
--------------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- ------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
-----------------------------------------------------------------------------------
a) Name
Robert Smeeton
--------------------------------------- ------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Oriole Resources PLC
--------------------------------------- ------------------------------------------
b) LEI 213800X32GJR5AGAR511
--------------------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 0.1 pence each in
financial instrument, the share capital of the company
type of instrument
Identification code Ordinary share ISIN: GB00B0T29327
b) Nature of the transaction Exercise of warrants
--------------------------------------- ------------------------------------------
c) Price(s) and volume(s)
------------------ -------------------
Price(s) Volume(s)
------------------ -------------------
0.25p 3,500,000
------------------ -------------------
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 22nd January 2024
--------------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Claire Bay
--------------------------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------
a) Position/status Executive Director, Exploration & Business
Development
--------------------------------------- ------------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- ------------------------------------------------
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 Ordinary shares of 0.01 pence each
financial instrument, in the share capital of the company
type of instrument
Identification code Ordinary share ISIN: GB00B0T29327
b) Nature of the transaction Exercise of warrants
--------------------------------------- ------------------------------------------------
c) Price(s) and volume(s)
--------------------- ----------------------
Price(s) Volume(s)
--------------------- ----------------------
0.25p 1,666,667
--------------------- ----------------------
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 22nd January 2024
--------------------------------------- ------------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- ------------------------------------------------
For further information please visit www.orioleresources.com ,
@OrioleResources on Twitter, or contact:
Oriole Resources Plc Tel: +44 (0)20 7830 9650
Tim Livesey / 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
SP Angel Corporate Finance LLP Tel: +44 (0)20 3470 0470
Ewan Leggat / Harry Davies-Ball
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 375,000
oz 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$1.5m in signature payments (US$550,000 of which
has already been received), up to US$8m in exploration expenditure,
as well as JORC resource-based success payments.
At the more advanced Senala gold project in Senegal, AGEM
Senegal Exploration Suarl ('AGEM'), a wholly-owned subsidiary of
Managem Group, has earned an initial 51% beneficial interest in the
Senala Exploration Licence by spending US$4 million and has the
option to spend up to a further US$4 million by 17 February 2024 to
earn an additional 19% interest in the licence. The Company also
has several interests and royalties in companies operating in East
Africa and Turkey that could deliver future cash flow.
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END
DSHEADFAAESLEFA
(END) Dow Jones Newswires
January 22, 2024 08:08 ET (13:08 GMT)
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