Last checked at 10 Jan 2020 07:30
10 January 2020
Pharos Energy plc
("Pharos" or "the Company")
DIRECTORS/PDMR SHAREHOLDINGS
Awards under the Company's Deferred Share Bonus Plan
The Company announces that on 9 January 2020, Persons Discharging Managerial Responsibilities ("PDMRs") were granted deferred bonus awards over ordinary shares of £0.05 each in the Company ("Shares"), relating to a performance related annual bonus earned for 2019, under the Pharos Energy plc 2014 Deferred Share Bonus Plan (the "DSBP") as follows:-
PDMRs | Position | No of Shares granted |
Ed Story | Chief Executive Officer | 317,971 |
Jann Brown | Managing Director and Chief Financial Officer | 202,702 |
Dr Mike Watts | Managing Director | 202,702 |
Jason Stabell | President - Egypt | 89,581 |
The number of Shares granted is equivalent to the relevant proportion of the 2019 annual bonus deferred, calculated on the basis of the middle market quotation (as derived from the Daily Official List) on the dealing day immediately preceding the date of grant (£0.555). Subject to the rules of the DSBP, these Shares will generally vest over two years from the date of grant.
For further information, please contact:
Tony Hunter
Company Secretary
+ 44 (0)207 603 1515
1
| Details of the person discharging managerial responsibilities | |||||
a) | Name | ED STORY | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer
| ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | PHAROS ENERGY PLC
| ||||
b)
| LEI | 549300DDKLXYLLO4N524 | ||||
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
Identification code
| ORDINARY SHARES OF £0.05 EACH ("SHARES")
GB00B572ZV91 | ||||
b)
| Nature of the transaction
| Grant of Shares under the Pharos Energy plc 2014 Deferred Bonus Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
| N/A single transaction
| ||||
e)
| Date of the transaction
| 09/01/20 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities | |||||
a) | Name | JANN BROWN | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director and Chief Financial Officer
| ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | PHAROS ENERGY PLC
| ||||
b)
| LEI | 549300DDKLXYLLO4N524 | ||||
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
Identification code
| ORDINARY SHARES OF £0.05 EACH
GB00B572ZV91 | ||||
b)
| Nature of the transaction
| Grant of Shares under the Pharos Energy plc 2014 Deferred Bonus Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
| N/A single transaction
| ||||
e)
| Date of the transaction
| 09/01/20 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities | |||||
a) | Name | MIKE WATTS | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director
| ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | PHAROS ENERGY PLC
| ||||
b)
| LEI | 549300DDKLXYLLO4N524 | ||||
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
Identification code
| ORDINARY SHARES OF £0.05 EACH
GB00B572ZV91 | ||||
b)
| Nature of the transaction
| Grant of Shares under the Pharos Energy plc 2014 Deferred Bonus Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
| N/A single transaction
| ||||
e)
| Date of the transaction
| 09/01/20 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities | |||||
a) | Name | JASON STABELL | ||||
2 | Reason for the notification | |||||
a) | Position/status | President - Egypt
| ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | PHAROS ENERGY PLC
| ||||
b)
| LEI | 549300DDKLXYLLO4N524 | ||||
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
Identification code
| ORDINARY SHARES OF £0.05 EACH
GB00B572ZV91 | ||||
b)
| Nature of the transaction
| Grant of Shares under the Pharos Energy plc 2014 Deferred Bonus Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
| N/A single transaction
| ||||
e)
| Date of the transaction
| 09/01/20 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||