Oriole Resources plc reported the conversion of its directors’ sixth tranche of gross salary totalling £7,000 under the company’s extended salary sacrifice scheme.
The salary was converted using the 30-day VWAP on 31 December 2022 (0.1558 pence) to 2,725,021 new ordinary shares of 0.1p each in the company.
| Name | Number of Ordinary Shares Issued | Resultant shareholding in the Company | Percentage of the issued share capital of the Company |
| Eileen Carr | 299,903 | 36,411,564 | 1.34% |
| Tim Livesey | 910,622 | 35,112,574 | 1.29% |
| David Pelham | 239,625 | 5,840,132 | 0.21% |
| Claire Bay | 546,373 | 7,822,453 | 0.29% |
| Bob Smeeton | 728,498 | 29,879,779 | 1.10% |
Following the issue of the shares, the directors will collectively hold 4.22% of the issued share capital of the company.
On admission, Oriole’s issued share capital will be 2,726,066,861 ordinary shares.