Last checked at 15 Dec 2022 14:35
Oriole Resources Plc
('Oriole' or 'the Company')
Update on Salary Sacrifice Scheme
Oriole Resources PLC, the AIM-quoted exploration company focussed on West Africa, announces an update on the extension to the salary sacrifice scheme referred to in the Announcement dated 2 November 2022 and in which all directors are participating. The fifth tranche of gross salary to be sacrificed, totalling £8k, has been converted, using the 30-day VWAP on 30 November 2022 (0.1276 pence), to 3,326,478 new ordinary shares of 0.1p each in the Capital of the Company ('Ordinary Shares') as set out below:
Name | Number of Ordinary Shares Issued | Resultant shareholding in the Company | Percentage of the issued share capital of the Company |
Eileen Carr | 366,097 | 36,111,661 | 1.33% |
Tim Livesey | 1,111,611 | 34,201,952 | 1.26% |
David Pelham | 292,514 | 5,600,507 | 0.21% |
Claire Bay | 666,967 | 7,276,080 | 0.27% |
Bob Smeeton | 889,289 | 29,151,281 | 1.07% |
Following the issue of these shares, the Directors will collectively hold 4.13% of the issued share capital of the Company as outlined in the above table.
The shares will be issued as fully paid and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive dividends and other distributions declared on or after the date on which they are issued.
Application will be made to the London Stock Exchange for the Shares to be admitted to trading on AIM ('Admission') at 8.00 a.m. on or around 21 December 2022.
Total Voting Rights
Following Admission of the Shares, the Company's issued share capital will be 2,723,341,840 Ordinary Shares. This figure of 2,723,341,840 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 Guidance and Transparency Rules.
Further details of the PDMR dealings are included below. This information has been provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
** ENDS **
For further information please visit www.orioleresources.com, @OrioleResources on Twitter,
or contact:
Oriole Resources Plc | Tel: +44 (0)20 830 9650 |
Tim Livesey / Bob Smeeton / Claire Bay | |
| |
BlytheRay (IR/PR Contact) | Tel: +44 (0)20 7138 3204 |
Tim Blythe / Megan Ray / Rachel Brooks | |
| |
Grant Thornton UK LLP | Tel: +44 (0)20 7383 5100 |
Samantha Harrison / George Grainger / Ciara Donnelly | |
Shard Capital Partners LLP | Tel: +44 (0)20 7186 9900 |
Damon Heath / Erik Woolgar / Isabella Pierre
| |
| |
Notes to Editors:
Oriole Resources PLC is an AIM-listed exploration company, operating West Africa. It is focused on early-stage exploration in Cameroon (Bibemi, Wapouzé and Central Licence Package projects) and the more advanced Senala gold project in Senegal, where IAMGOLD has the option to spend US$8 million to earn a 70% interest. IAMGOLD has recently notified the Company that it has, under the terms of the agreement, met the first commitment by spending US$4 million within an initial four years. Subject to the Company completing a review of these expenditures, IAMGOLD will acquire a 51% interest in Senala. The Company also has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.
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 /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
| Issue of shares in lieu of salary | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.12763 | 366,097 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 15 December 2022 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Tim Livesey | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| CEO | |||
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
| Issue of shares in lieu of salary | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.12763 | 1,111,611 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 15 December 2022 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| David Pelham | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Director | |||
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
| Issue of shares in lieu of salary | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.12763 | 292,514 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 15 December 2022 | |||
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 | |||
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
| Issue of shares in lieu of salary | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.12763 | 666,967 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 15 December 2022 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Bob Smeeton | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| CFO | |||
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
| Issue of shares in lieu of salary | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.12763 | 889,289 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 15 December 2022 | |||
f)
| Place of the transaction
| Outside a trading venue | |||