Phoenix Global Resources PLC Deferred Bonus Plan (8307S)

TIDMPGR

RNS Number : 8307S

Phoenix Global Resources PLC

28 June 2018

28 June 2018

Phoenix Global Resources plc

("Phoenix" or the "Company")

Deferred Bonus Plan

The Board of Phoenix (AIM:PGR; BCBA:PGR) announces that it has granted nil-cost conditional awards over a total of 3,325,406 ordinary shares representing approximately 0.12% of the Company's issued share capital under the Company's deferred bonus plan ("DBP"). The awards are not subject to performance conditions and are subject to the rules of the DBP including vesting criteria.

The share awards represent one third of the annual bonus awards. The first third of the share awards will vest on the first anniversary of the grant date; the second third on the second anniversary of the grant date; and the remainder on the third anniversary of the grant date.

Awards over a total of 547,015 ordinary shares for directors and persons discharging managerial responsibility ("PDMR") are set out below:

 
 Director/PDMR     Position    Number of shares awarded 
 
 Philip Wolfe      CFO         193,637 
 Javier Vallesi    COO         353,378 
 
 
1     Details of the person discharging managerial responsibilities/person closely associated 
a)    Name                                                      Philip Wolfe 
2     Reason for the notification 
a)    Position/status                                           Chief Financial 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          Award over Ordinary Shares of 10p each 
      instrument 
      Identification code                                       Award over Ordinary Shares with identification code 
                                                                GB00B7LHJ340 
b)    Nature of the transaction                                 Grant of an award over Ordinary Shares under the 
                                                                Phoenix Global Resources Deferred Bonus Plan 
c)    Price(s) and volume(s)                                      Price     Volume 
                                                                   Nil     193,637 
d)    Aggregated information                                      Price    Volume 
                                                                 -------  -------- 
                                                                   N/A      N/A 
e)    Date of the transaction                                  27 June 2018 
f)    Place of the transaction                                 Outside a Trading Venue 
 
 
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          Award over Ordinary Shares of 10p each 
      instrument 
      Identification code                                       Award over Ordinary Shares with identification code 
                                                                GB00B7LHJ340 
b)    Nature of the transaction                                 Grant of an award over Ordinary Shares under the 
                                                                Phoenix Global Resources Deferred Bonus Plan 
c)    Price(s) and volume(s)                                      Price     Volume 
                                                                   Nil     353,378 
d)    Aggregated information                                      Price    Volume 
                                                                 -------  -------- 
                                                                   N/A      N/A 
e)    Date of the transaction                                  27 June 2018 
f)    Place of the transaction                                 Outside a Trading Venue 
 

Ends

Enquiries:

 
 Phoenix Global Resources   Anuj Sharma, CEO     T: [phone] 
  plc                        Philip Wolfe, CFO    T: [phone] 
 
   Stockdale Securities       Antonio Bossi        T: [phone] 
                              Ed Thomas 
 
   Panmure Gordon             Adam James           T: [phone] 
                              Atholl Tweedie 
 
   Camarco                    Billy Clegg          T: [phone] 
                              Owen Roberts 
                              James Crothers 
 

About Phoenix:

Phoenix Global Resources plc (AIM: PGR; BCBA: PGR) is an upstream oil and gas company offering its investors an opportunity to invest directly into Argentina's Vaca Muerta shale formation and other unconventional resources. The Vaca Muerta is the only producing shale outside of the US and has attracted significant major entrants including Total, BP, Chevron, ExxonMobil, Qatar Petroleum, Petronas, Shell and Equinor. The Company has 560,000 net Vaca Muerta acres covering approximately 7.5% of the formation, with three core Vaca Muerta areas (Puesto Rojas, Mata Mora and Corralera). The Company's unconventional acreage is underpinned by 57.2 MMboe conventional proven and probable reserves and 11,070 boepd of production in 2017. The Company's strategy is to invest in drilling activity in its Vaca Muerta acreage to increase resources, reserves and production and is well capitalised and of a scale to do so.

The Company's website is www.phoenixglobalresources.com

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June 28, 2018 02:01 ET (06:01 GMT)