19th May 2025 10:41
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014, which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Corcel PLC
("Corcel" or the "Company")
Director/PDMR Dealings
19 May 2025
Corcel plc, (London AIM: CRCL), the Angola-Brazil focused energy company, announces that is has been informed of the following dealings by directors in the Ordinary Shares of the Company.
Mr. Scott Gilbert, Chief Executive Officer, has purchased 25,000,000 Ordinary shares of £0.0001 at a price of £0.003 totaling £75,000.00
Ms. Geraldine Geraldo, Executive Director, has purchased 10,000,000 Ordinary shares of £0.0001 at a price of £0.003 totaling £30,000.00
Mr. Pradeep Kabra, Independent Non-Executive Chairman, has purchased 10,000,000 Ordinary shares of £0.0001 at a price of £0.003 totaling £30,000.00
Following these purchase of shares, the resultant Directors' shareholdings are as follows:
Directors | Total shares | % of Issued Share Capital | Options | Warrants |
Pradeep Kabra | 24,110,586 | 0.43% | 31,490,580 | 0 |
Scott Gilbert | 75,500,000 | 1.35% | 31,490,580 | 0
|
Geraldine Geraldo | 114,675,000 | 2.06% | 31,490,580 | 39,975,000 |
For further information, please contact:
Scott Gilbert
Corcel Plc, CEO & Director
James Joyce / James Bavister / Andrew de Andrade
Zeus Capital Ltd, NOMAD & Broker
020 3829 5000
Jonathan Wright / Rupert Holdsworth Hunt
Auctus Advisors LLP , Joint Broker
07711 627449
Patrick d'Ancona
Vigo Consulting Limited, IR
0207 3900 230
About Corcel:
Corcel has a notable oil and gas portfolio in onshore Angola that includes brownfield redevelopment opportunities and significant exploration upside. Corcel marked a new country entry into Brazil through the option to acquire rights to producing gas and exploration assets, further diversifying its portfolio and enhancing its growth potential.
Corcel's Angola portfolio consists of interests in three licenses:
· KON - 16 upon completion: operated - 80% working interest - 71.5% net to CRCL
· KON - 11 Non-Operated - 20% working interest - 18% net to CRCL
· KON - 12 Non-Operated - 25% working interest - 22.5% net to CRCL
Corcel's Brazil portfolio consists of the option to acquire:
· 20% interest in the IRAI gas field
· Right-of-first refusal ("ROFR") over the remaining 80% in the IRAI field
· ROFR for 100% of the adjacent TUC-T-172 exploration block, located in the state of Bahia, onshore Brazil
Corcel's Battery Metals portfolio consists of an 80% working interest in the Mt Weld Rare Earth Elements project in Western Australia.
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 | 1. Scott Gilbert 2. Geraldine Geraldo 3. Pradeep Kabra
| ||||
2 | Reason for the notification | |||||
a) | Position/status | 1. Chief Executive Officer 2. Executive Director 3. Non-Executive Chairman
| ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Corcel plc | ||||
b) | LEI | 2138009ECXQQ3EGKVY57 | ||||
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 £0.0001 each | ||||
Identification code | GB00BKM69866 | |||||
b) | Nature of the transaction | Purchase of ordinary shares | ||||
c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |||
1. £0.003 2. £0.003 3. £0.003 |
1. 10,000,000 2. 25,000,000 3. 10,000,000
| |||||
d) | Aggregated information | |||||
Aggregated volume | N/A | |||||
Price | N/A | |||||
e) | Date of the transaction | 18 May 2025 | ||||
f) | Place of the transaction | London, AIMX | ||||
Related Shares:
Corcel