Phoenix Global Resources PLC Deferred Bonus Plan (0180X)
August 25 2020 - 2:00AM
UK Regulatory
TIDMPGR
RNS Number : 0180X
Phoenix Global Resources PLC
25 August 2020
25 August 2020
Phoenix Global Resources plc
("Phoenix" or the "Company")
Deferred Bonus Plan
Further to its announcement of 24 August 2020, Phoenix (AIM:PGR;
BCBA:PGR), the upstream oil and gas company offering its investors
direct exposure to Argentina's Vaca Muerta shale formation and
other unconventional resources, announces that, of the 1,350,570
ordinary shares transferred to the Phoenix Global Resources
Employee Benefit Trust, 276,639 ordinary shares were transferred to
persons discharging managerial responsibility to satisfy shares
vesting under Phoenix's Deferred Bonus Plan as detailed below:
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Javier Vallesi
2 Reason for the notification
a) Position/status Chief Operating Officer, 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 Ordinary Shares of 10p each
instrument
Identification code Ordinary Shares with identification code GB00B7LHJ340
b) Nature of the transaction Vesting of Ordinary Shares under the Phoenix Global
Resources Deferred Bonus Plan
c) Price(s) and volume(s) Price Volume
Nil 276,639
d) Aggregated information Price Volume
------- --------
N/A N/A
e) Date of the transaction 24 August 2020
f) Place of the transaction Outside a Trading Venue
Ends
For further information, please contact:
Phoenix Global Resources Nigel Duxbury T: +44 20 3912 2800
plc
Shore Capital Antonio Bossi T: +44 20 7408 4090
Joint broker and nominated David Coaten
adviser
Panmure Gordon Daniel Norman T: +44 20 7886 2500
Joint broker Atholl Tweedie
About Phoenix
Phoenix Global Resources is an independent oil and gas
exploration and production company focused on Argentina and listed
on both the London Stock Exchange (AIM: PGR) and the Buenos Aires
Stock Exchange (BCBA: PGR). The Company has over 0.9 million
licenced working interest acres in Argentina (of which
approximately 0.7 million are operated), 29.8 million boe of
working interest 2P reserves and average working interest
production of 9,236 boepd in 2019. Phoenix has signi cant exposure
to the unconventional opportunity in Argentina through its
approximately 0.6 million working interest acres with Vaca Muerta
and other unconventional potential.
The Company's website is www.phoenixglobalresources.com
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END
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