TIDMBOIL

RNS Number : 1420P

Baron Oil PLC

14 October 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMMENT) (EU EXIT) REGULATIONS 2019/310.

14 October 2021

Baron Oil Plc

("Baron" or the "Company")

Director/PDMR Shareholding

Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company, announces that it was notified on 14 October 2021 that Andrew Yeo, the Company's Chief Executive Officer, has, in order to transfer part of his shareholding in the Company into his individual savings account ("ISA"), sold 51,250,000 ordinary shares of 0.025 pence each in the Company ("Ordinary Shares") and then purchased 51,250,000 Ordinary Shares in his ISA. The transactions took place on 14 October 2021 and further information is contained in the disclosure tables below.

Following the transactions, Mr Yeo's beneficial interest in a total of 168,850,000 Ordinary Shares remains unchanged.

For further information, please contact:

 
 Baron Oil Plc                                                              +44 (0) 20 7117 2849 
 Andy Yeo, Chief Executive 
 
 Allenby Capital Limited                                                    +44 (0) 20 3328 5656 
 Nominated Adviser and Joint Broker 
 Alex Brearley, Nick Harriss, Nick Athanas (Corporate 
  Finance) 
  Kelly Gardiner (Sales and Corporate Broking) 
  Turner Pope Investments (TPI) Limited                                      +44 (0) 20 3657 0050 
 Joint Broker 
 Andy Thacker 
  IFC Advisory Limited                                                       +44 (0) 20 3934 6630 
 Financial PR and IR 
 Tim Metcalfe, Florence Chandler 
 
 1.                                    Details of the person discharging managerial responsibilities/person 
                                        closely associated 
  (a)                                  Full name of person Dealing          Andrew Robert Yeo 
                                      -----------------------------------  --------------------------------------- 
 2.                                    Reason for notification 
                                      ---------------------------------------------------------------------------- 
  (b)                                  Position/status                      Director - CEO 
                                      -----------------------------------  --------------------------------------- 
  (c)                                  Initial notification/ Amendment      Initial notification 
                                      -----------------------------------  --------------------------------------- 
 3.                                    Details of the issuer, emission allowance market participant, 
                                        auction platform, auctioneer or auction monitor 
                                      ---------------------------------------------------------------------------- 
  (d)                                  Name of entity                       Baron Oil Plc 
                                      -----------------------------------  --------------------------------------- 
  (e)                                  LEI                                  213800MBSOS9UZ5SW712 
                                      -----------------------------------  --------------------------------------- 
 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         Ordinary shares of 0.025 
                                        instrument,                          pence each in the Company 
                                        type of instrument                   Identification code 
                                        Identification code                  (ISIN) for Baron Oil 
                                                                             Plc ordinary shares: 
                                                                             GB00B01QGH57 
                                      -----------------------------------  --------------------------------------- 
  (b)                                  Nature of the transaction            Sales of ordinary shares 
                                      -----------------------------------  --------------------------------------- 
  (c)                                  Price(s) and volume(s)                Prices(s)    Volume(s) 
                                                                                0.075 
                                                                                 pence     51,250,000 
                                                                                          ----------- 
                                      -----------------------------------  --------------------------------------- 
  (d)                                  Aggregated information:              Single transaction as 
                                        - Aggregated volume                 in 4(c) above Prices(s)    Volume(s) 
                                        - Price                                0.075 
                                                                                pence     51,250,000 
                                                                                         ----------- 
                                      -----------------------------------  --------------------------------------- 
  (e)                                  Date of transaction                  14 October 2021 
                                      -----------------------------------  --------------------------------------- 
  (f)                                  Place of transaction                 XLON 
                                      -----------------------------------  --------------------------------------- 
 
 
 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
  (a)   Full name of person Dealing                Andrew Robert Yeo 
       -----------------------------------------  -------------------------------------- 
 2.     Reason for notification 
       --------------------------------------------------------------------------------- 
  (b)   Position/status                            Director - CEO 
       -----------------------------------------  -------------------------------------- 
  (c)   Initial notification/ Amendment            Initial notification 
       -----------------------------------------  -------------------------------------- 
 3.     Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       --------------------------------------------------------------------------------- 
  (d)   Name of entity                             Baron Oil Plc 
       -----------------------------------------  -------------------------------------- 
  (e)   LEI                                        213800MBSOS9UZ5SW712 
       -----------------------------------------  -------------------------------------- 
 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,   Ordinary shares of 0.025 
         type of instrument                         pence each in the Company 
         Identification code                        Identification code 
                                                    (ISIN) for Baron Oil 
                                                    Plc ordinary shares: 
                                                    GB00B01QGH57 
       -----------------------------------------  -------------------------------------- 
  (b)   Nature of the transaction                  Purchase of ordinary 
                                                    shares 
       -----------------------------------------  -------------------------------------- 
  (c)   Price(s) and volume(s)                      Prices(s)    Volume(s) 
                                                      0.07505 
                                                        pence     51,250,000 
                                                                 ----------- 
       -----------------------------------------  -------------------------------------- 
  (d)   Aggregated information:                    Single transaction as 
         - Aggregated volume                        in 4(c) above Prices(s)    Volume(s) 
         - Price                                      0.07505 
                                                        pence     51,250,000 
                                                                 ----------- 
       -----------------------------------------  -------------------------------------- 
  (e)   Date of transaction                        14 October 2021 
       -----------------------------------------  -------------------------------------- 
  (f)   Place of transaction                       XLON 
       -----------------------------------------  -------------------------------------- 
 

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