Reabold Resources, the oil & gas investing company with a diversified portfolio of exploration, appraisal and development projects, notes the recent media coverage containing details of a purported general meeting requisition notice from Kamran Sattar of Portillion Capital. Reabold's board understands that Kamran Sattar was a supporter of, and driving force behind the unsuccessful attempt to gain control of Reabold without paying a premium to shareholders through a general meeting requisition in October 2022, by a group of five shareholders with beneficial interests held through Pershing Nominees Limited. In addition, in March 2023, the Company announced that it received an unsolicited approach from Kamran Sattar on behalf of Portillion SPV O&G in respect of a possible offer for Reabold, and in April 2023, Portillion announced that Portillion SPV O&G did not intend to make a firm offer for Reabold.

Despite the media reporting that another requisition notice has been sent to the Company, Reabold confirms that it has not received any form of communication with regard to a notice requisitioning a general meeting, but will make further announcements, as appropriate, if and when it does.

In the interim, Reabold advises shareholders to take no action.

KeyFacts Energy: Reabold Resources UK country profile