8 May 2019 07:00
8 May 2019
Phoenix Global Resources plc
("Phoenix" or the "Company")
Deferred Bonus Plan
The Board of Phoenix (AIM:PGR; BCBA:PGR) announces that it has granted nil-cost conditional awards over a total of 1,772,368 ordinary shares representing approximately 0.06% of the Company's issued share capital under the Company's deferred bonus plan ("DBP"). The awards are not subject to performance conditions and are subject to the rules of the DBP including vesting criteria.
The first third of the share awards will vest on the first anniversary of the grant date; the second third on the second anniversary of the grant date; and the remainder on the third anniversary of the grant date.
Awards over a total of 629,075 ordinary shares for directors and persons discharging managerial responsibility ("PDMR") are set out below:
Director/PDMR Position Number of shares awarded
Kevin Dennehy CFO 152,537
Javier Vallesi COO 476,538
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Kevin Dennehy | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial 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 | Award over Ordinary Shares of 10p each | ||||
Identification code | Award over Ordinary Shares with identification code GB00B7LHJ340 | |||||
b) | Nature of the transaction | Grant of an award over 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 | 7 May 2019 | ||||
f) | Place of the transaction | Outside a Trading Venue | ||||
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 | Award over Ordinary Shares of 10p each | ||||
Identification code | Award over Ordinary Shares with identification code GB00B7LHJ340 | |||||
b) | Nature of the transaction | Grant of an award over Ordinary Shares under the Phoenix Global Resources Deferred Bonus Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information |
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e) | Date of the transaction | 7 May 2019 | ||||
f) | Place of the transaction | Outside a Trading Venue | ||||
Ends
For further information, please contact:
Phoenix Global Resources plc | Kevin Dennehy, CFO
| T: +54 11 5258 7500 |
Stockdale Securities | Antonio Bossi David Coaten
| T: +44 20 7601 6100 |
Panmure Gordon | Charles Lesser
| T: +44 20 7886 2500 |
Camarco | Billy Clegg Owen Roberts James Crothers | T: +44 20 3757 4980 |
About Phoenix
Phoenix Global Resources is an independent oil and gas exploration and production company focused on Argentina and listed on the London Stock Exchange (AIM: PGR) and Buenos Aires Stock Exchange (BCBA: PGR). The Company has over 1.8 million licensed working interest acres in Argentina (of which over 0.7 million are operated), 57.1 million boe of working interest 2P reserves and average working interest production of approximately 10,249 boepd in 2018. Phoenix has significant exposure to the unconventional opportunity in Argentina through its approximately 700,000 working interest acres with Vaca Muerta and other unconventional potential.
The Company's website is www.phoenixglobalresources.com