Last checked at 23 Apr 2020 07:00
Pharos Energy plc
("Pharos" or the "Company" or, together with its subsidiaries, the "Group")
DIRECTORS/PDMR SHAREHOLDINGS
Share Purchases by Directors
The Company was notified on 22 April 2020 that, on the same day, John Martin, Non-Executive Chair, Ed Story, Chief Executive Officer, Jann Brown, the Managing Director and Chief Financial Officer and Dr Mike Watts, Managing Director, purchased Pharos Energy plc ordinary shares of £0.05 each ("Shares") in the Company as set out in the table below. The Shares were purchased on the open market.
Director | Number of Shares purchased | Price per Share | Total number of Shares held following purchase | % of Company's Issued Capital (excluding treasury shares) |
John Martin | 100,000 | £0.1498 | 130,000 | 0.033% |
Ed Story | 100,000 | £0.1590 | 14,173,7471 | 3.560% |
Jann Brown | 75,000 | £0.1490 | 493,801 | 0.124% |
Dr Mike Watts | 75,000 | £0.1490 | 627,195 | 0.158% |
1 * 12,498,747 Shares (3.14%) are held personally by E Story. 1,675,000 Shares (0.42%) are held through The Story Family Trust, a closely associated person to Ed Story.
For further information, please contact:
Pharos Energy plc Tel: + 44 207 603 1515
Tony Hunter, Company Secretary
Notes to editors
Pharos Energy is an independent oil and gas exploration and production company with a focus on sustainable growth and returns to stakeholders, headquartered in London and listed on the London Stock Exchange.
Pharos has production, development and exploration interests in Egypt, Israel and Vietnam.
In Egypt, Pharos holds a 100% working interest in the El Fayum oil concession in the low-cost and highly prolific Western Desert, one of Egypt's most established and prolific hydrocarbon basins. The concession produces from 10 fields and is located 80 km south west of Cairo and close to local energy infrastructure. It is operated by Petrosilah a 50/50 JV between Pharos and Egyptian General Petroleum Corporation (EGPC). Pharos is also an operator with 100% working interest in the North Beni Suef (NBS) Concession which is located immediately south of the El Fayum concession.
In Israel, Pharos together with Cairn Energy plc and Israel's Ratio Oil Exploration, were successful in their bid for eight blocks in the second offshore bid round in Israel. Each party has an equal working interest and Cairn is the operator.
In Vietnam, Pharos holds a 30.5% working interest in the Te Giac Trang (TGT) Field in Block 16-1, which is operated by the Hoang Long Joint Operating Company. Block 16-1 is located in the shallow water Cuu Long Basin, offshore southern Vietnam and a 25% working interest in the Ca Ngu Vang (CVN) Field in Block 9-2, which is operated by the Hoan Vu Joint Operating Company. Block 9-2 is located in the shallow water Cuu Long Basin, offshore southern Vietnam. Pharos also holds a 70% interest in and is designated operator of Blocks 125 & 126, located in the moderate to deep water Phu Khanh Basin, north east of the Cuu Long Basin, offshore central Vietnam.
Details of the person discharging managerial responsibilities | |||||
Name | JOHN MARTIN | ||||
Reason for the notification | |||||
Position/status | Non-Executive Chair
| ||||
Initial notification /Amendment | Initial notification | ||||
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
Name | PHAROS ENERGY PLC
| ||||
LEI | 549300DDKLXYLLO4N524 | ||||
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 | |||||
Description of the financial instrument, type of instrument
Identification code
| ORDINARY SHARES OF £0.05 EACH
GB00B572ZV91 | ||||
Nature of the transaction
| Acquisition of shares. | ||||
Price(s) and volume(s)
|
| ||||
Aggregated information
- Aggregated volume
- Price
|
100,000
£14,980 | ||||
Date of the transaction
| 22/04/2020 | ||||
Place of the transaction
| London Stock Exchange, XLON | ||||
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
GB00B572ZV91 | ||||
b)
| Nature of the transaction
| Acquisition of shares. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
100,000
£15,900
| ||||
e)
| Date of the transaction
| 22/04/2020 | ||||
f)
| Place of the transaction
| London Stock Exchange, XLON | ||||
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
| Acquisition of shares. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
75,000
£11,175
| ||||
e)
| Date of the transaction
| 22/04/2020 | ||||
f)
| Place of the transaction
| London Stock Exchange, XLON | ||||
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
| Acquisition of shares. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
75,000
£11,175
| ||||
e)
| Date of the transaction
| 22/04/2020 | ||||
f)
| Place of the transaction
| London Stock Exchange, XLON | ||||