14 Jan 2019 07:00
14 January 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 11 January 2019 that Sir Michael Rake, Chairman of the Company, acquired 201,997 ordinary shares at a price of 24.5 pence per share.
Following this transaction, Sir Michael Rake's beneficial interest in the Company is 330,000 ordinary shares representing an interest of 0.012% 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 | 11 January 2019 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
Ends
Enquiries:
Phoenix Global Resources plc | Anuj Sharma, CEO Kevin Dennehy, CFO | T: +54 11 5258 7500
|
Stockdale Securities |
Antonio Bossi |
T: +44 20 7601 6100 |
Panmure Gordon |
Charles Lesser |
T: +44 20 7886 2500 |
Camarco |
Billy Clegg Owen Roberts James Crothers |
T: +44 20 3781 8331 |
About Phoenix:
Phoenix Global Resources is a London Stock Exchange (AIM: PGR) and Buenos Aires Stock Exchange (BCBA: PGR) listed independent Argentina focused oil and gas exploration and production company. The Company has over 6.3 million licensed working interest acres in Argentina (of which over 5 million are operated), 57.2 million boe of working interest 2P reserves and average production of approximately 9,750 working interest boepd in Q3 2018. Phoenix has significant exposure to the unconventional opportunity in Argentina through its 560,000 working interest acres with Vaca Muerta potential.
The Company's website is www.phoenixglobalresources.com