25 Aug 2020 07:00
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) |
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d) | Aggregated information |
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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