Phoenix Global Resources PLC Director's Dealing (9426M)

TIDMPGR

RNS Number : 9426M

Phoenix Global Resources PLC

14 January 2019

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)                                           Price        Volume 
                                                                        GBP0.245   201,997 
d)    Aggregated information                                           Price    Volume 
                                                                      -------  -------- 
                                                                        N/A      N/A 
e)    Date of the transaction                                       11 January 2019 
f)    Place of the transaction                                      London Stock Exchange, AIM 
 

Ends

Enquiries:

 
 Phoenix Global Resources   Anuj Sharma, CEO      T: [phone] 
  plc                        Kevin Dennehy, CFO 
 
   Stockdale Securities       Antonio Bossi         T: [phone] 
 
   Panmure Gordon             Charles Lesser        T: [phone] 
 
   Camarco                    Billy Clegg           T: [phone] 
                              Owen Roberts 
                              James Crothers 
 

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

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January 14, 2019 02:00 ET (07:00 GMT)