27 Jun 2018 07:01
27 June 2018
Phoenix Global Resources plc
("Phoenix" or the "Company")
Director Dealing
Phoenix Global Resources plc (AIM: PGR; BCBA: PGR) has allotted and issued 86,337 ordinary shares of nominal value of 10 pence each (the "Ordinary Shares") to Sir Michael Rake the Chairman of the Company, at a price of 30 pence per Ordinary Share, in respect of fees accrued pursuant to the terms of his appointment as a non-executive director for the period up to the completion of the business combination with Trefoil Holdings B.V. Following this transaction, Sir Michael Rake holds a beneficial interest of 0.003% in the Company.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Sir Michael Rake | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chairman, 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 | GB00B7LHJ340 | |||||
b) | Nature of the transaction | Subscription for Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 26 June 2018 | ||||
f) | Place of the transaction | London Stock Exchange (AIM Market) | ||||
A separate announcement in relation to application for admission of these new Ordinary Shares will be made shortly.
- ENDS -
For further information, please contact:
Phoenix Global Resources plc | Anuj Sharma, CEO Philip Wolfe, CFO
| T: +54 11 5258 7500 T: +44 20 3912 2805 |
Stockdale Securities | Antonio Bossi Ed Thomas | T: +44 20 7601 6100 |
Panmure Gordon |
Adam James Atholl Tweedie |
T: +44 20 7886 2500 |
Camarco |
Billy Clegg Owen Roberts James Crothers |
T: +44 20 3757 4980 |
About Phoenix
Phoenix Global Resources plc (AIM: PGR; BCBA: PGR) is an upstream oil and gas company offering its investors an opportunity to invest directly into Argentina's Vaca Muerta shale formation and other unconventional resources. The Vaca Muerta is the only producing shale outside of the US and has attracted significant major entrants including Total, BP, Chevron, ExxonMobil, Qatar Petroleum, Petronas, Shell and Equinor. The Company has 560,000 net Vaca Muerta acres covering approximately 7.5% of the formation, with three core Vaca Muerta areas (Puesto Rojas, Mata Mora and Corralera). The Company's unconventional acreage is underpinned by 57.2 MMboe conventional proven and probable reserves and 11,070 boepd of production in 2017. The Company's strategy is to invest in drilling activity in its Vaca Muerta acreage to increase resources, reserves and production and is well capitalised and of a scale to do so.
The Company's website is www.phoenixglobalresources.com