22 May 2019 07:00
22 May 2019
Phoenix Global Resources plc
("Phoenix" or the "Company")
Director's Dealing
The Board of Phoenix (AIM:PGR; BCBA:PGR) announces a director's transaction in the ordinary shares of the Company.
Director's Dealing
The Company was informed on 21 May 2019 that Sir Michael Rake, Chairman of the Company, acquired 300,000 ordinary shares at a price of 22 pence per share.
Following this transaction, Sir Michael Rake's beneficial interest in the Company is 760,000 ordinary shares representing an interest of 0.027% in the issued share capital of the Company.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details:
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 | Share purchase | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 21 May 2019 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
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