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Deferred Bonus Plan

25 Aug 2020 07:00

RNS Number : 0180X
Phoenix Global Resources PLC
25 August 2020
 

25 August 2020

 

Phoenix Global Resources plc

("Phoenix" or the "Company")

 

Deferred Bonus Plan

 

Further to its announcement of 24 August 2020, Phoenix (AIM:PGR; BCBA:PGR), the upstream oil and gas company offering its investors direct exposure to Argentina's Vaca Muerta shale formation and other unconventional resources, announces that, of the 1,350,570 ordinary shares transferred to the Phoenix Global Resources Employee Benefit Trust, 276,639 ordinary shares were transferred to persons discharging managerial responsibility to satisfy shares vesting under Phoenix's Deferred Bonus Plan as detailed below:

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Javier Vallesi

2

Reason for the notification

a)

Position/status

Chief Operating Officer, Phoenix Global Resources plc

b)

Initial notification/Amendment

This is an initial notification.

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Phoenix Global Resources plc

b)

LEI

213800KGHZ6DKGJNNT92

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 10p each

Identification code

Ordinary Shares with identification code GB00B7LHJ340

b)

Nature of the transaction

Vesting of Ordinary Shares under the Phoenix Global Resources Deferred Bonus Plan

c)

Price(s) and volume(s)

Price

Volume

Nil

276,639

 

d)

Aggregated information

Price

Volume

N/A

N/A

 

e)

Date of the transaction

 24 August 2020

f)

Place of the transaction

 Outside a Trading Venue

 

Ends

For further information, please contact:

Phoenix Global Resources plc

Nigel Duxbury

 

T: +44 20 3912 2800

 

 

Shore Capital

Joint broker and nominated adviser

 

Antonio Bossi

David Coaten

T: +44 20 7408 4090

 

Panmure Gordon

Joint broker

 

Daniel Norman

Atholl Tweedie

 

T: +44 20 7886 2500

 

About Phoenix

Phoenix Global Resources is an independent oil and gas exploration and production company focused on Argentina and listed on both the London Stock Exchange (AIM: PGR) and the Buenos Aires Stock Exchange (BCBA: PGR). The Company has over 0.9 million licenced working interest acres in Argentina (of which approximately 0.7 million are operated), 29.8 million boe of working interest 2P reserves and average working interest production of 9,236 boepd in 2019. Phoenix has significant exposure to the unconventional opportunity in Argentina through its approximately 0.6 million working interest acres with Vaca Muerta and other unconventional potential.

 

The Company's website is www.phoenixglobalresources.com

 

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END
 
 
DSHMZGZRGDFGGZZ
Date   Source Headline
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27th May 20227:00 amRNSFinal Results
18th Mar 20227:00 amRNSDirectorate Change
9th Mar 20227:00 amRNSAdditional Funding
4th Mar 20227:00 amRNSDrilling Update
4th Feb 20224:36 pmRNSPrice Monitoring Extension
27th Jan 20224:36 pmRNSPrice Monitoring Extension
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9th Dec 20214:36 pmRNSPrice Monitoring Extension
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14th Sep 20217:00 amRNSHalf-year Report
10th Sep 20217:00 amRNSChange of Registered Office
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25th Aug 20214:35 pmRNSPrice Monitoring Extension
10th Aug 20214:41 pmRNSSecond Price Monitoring Extn
10th Aug 20214:36 pmRNSPrice Monitoring Extension
5th Aug 20213:00 pmRNSDirector/PDMR Shareholding
26th Jul 20214:41 pmRNSSecond Price Monitoring Extn
26th Jul 20214:36 pmRNSPrice Monitoring Extension
13th Jul 20214:41 pmRNSSecond Price Monitoring Extn
13th Jul 20214:35 pmRNSPrice Monitoring Extension
8th Jul 20214:41 pmRNSSecond Price Monitoring Extn
8th Jul 20214:35 pmRNSPrice Monitoring Extension
6th Jul 20214:41 pmRNSSecond Price Monitoring Extn
6th Jul 20214:35 pmRNSPrice Monitoring Extension

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