Reabold Resources PLC Subscription Completes, PDMR Shareholdings (7875C)
20 April 2017 - 2:45AM
UK Regulatory
TIDMRBD
RNS Number : 7875C
Reabold Resources PLC
19 April 2017
For immediate release 19 April 2017
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 ("MAR"). IN
ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN
RESPECT OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE
RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION
AS PERMITTED BY MAR. THAT INSIDE INFORMATION IS SET OUT IN THIS
ANNOUNCEMENT AND HAS BEEN DISCLOSED AS SOON AS POSSIBLE IN
ACCORDANCE WITH PARAGRAPH 7 OF ARTICLE 17 OF MAR. UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THE INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL
THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION IN
RELATION TO THE COMPANY AND ITS SECURITIES
REABOLD RESOURCES PLC
"Reabold" or the "Company"
Completion of Subscription
PDMR Shareholdings
Further to the announcement made earlier today ("Earlier
Announcement") Reabold Resources Plc (LSE AIM:RBD) is pleased to
announce completion of the subscription (the "Subscription") of a
total of 73,500,000 new ordinary shares to raise a total of
GBP367,500 gross proceeds on the basis of the Earlier
Announcement.
PDMR Shareholdings
Mr Jeremy Edelman, a PDMR, has subscribed for new ordinary
shares pursuant to the Subscription (the "Subscription Shares") as
follows:
Name Number Number Total Number Percentage of
of Existing of Subscription of Ordinary Enlarged Ordinary
Ordinary Shares Shares held Share Capital
Shares subscribed on Admission on as enlarged
for of Subscription by Admission
Shares of Subscription
Shares
(the "Enlarged
Share Capital")
--------------- ------------- ----------------- ----------------- -----------------------
Saltwind
Enterprises
Limited
*
("Saltwind") 124,000,000 10,000,000 134,000,000 34%
--------------- ------------- ----------------- ----------------- -----------------------
*a company of which Jeremy Edelman is a director and
shareholder. In addition Jeremy Edelman holds 25,000,000 ordinary
shares in his own name and so, taken together with Saltwind, holds
159,000,000 ordinary shares representing 40.03% of the Enlarged
Share Capital.
For further information please contact:
Reabold Resources plc
Jeremy Edelman +44 (0) 207 460 2353
Antony Samaha
Beaumont Cornish Limited
Roland Cornish/ Felicity Geidt +44 (0) 20 7628 3396
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail in
respect of the PDMR subscribing for Subscription Shares as
described above.
Jeremy Edelman
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Name Jeremy Edelman
--- ------------------------ -----------------------------
2 Reason for notification
--- -------------------------------------------------------
a) Position / status Chairman
--- ------------------------ -----------------------------
b) Initial notification Initial
/Amendment
--- ------------------------ -----------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------
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 Ordinary shares of 0.1 pence
the financial each in Reabold Resources
instrument, type plc
of instrument
Identification ISIN GB00B95L0551
code
--- ------------------------ -----------------------------
Nature of the Subscription of new ordinary
transaction shares as described above
--- ------------------------ -----------------------------
c) Price(s) and Price(s) Volumes(s)
volumes(s) ----------- -----------
0.5 pence 10,000,000
----------- -----------
--- ------------------------ -----------------------------
d) Aggregated information n/a
--- ------------------------ -----------------------------
e) Date of the transaction 19 April 2017
--- ------------------------ -----------------------------
f) Place of the London Stock Exchange, AIM
transaction (XLON)
--- ------------------------ -----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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