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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Phoenix Global Resources Plc | LSE:PGR | London | Ordinary Share | GB00B7LHJ340 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.50 | 5.00 | 8.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMPGR
RNS Number : 6861N
Phoenix Global Resources PLC
22 January 2019
22 January 2019
Phoenix Global Resources plc
("Phoenix" or the "Company")
Holding in Company
The Board of Phoenix (AIM:PGR; BCBA:PGR) announces the receipt of a standard form for notification of major shareholdings with further details provided below.
Mercuria now holds, pre-dilution, 2,322,950,277 ordinary shares in Phoenix, which represent 83.36% of the Company's issued share capital.
TR-1
Hot Features
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NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or Phoenix Global Resources plc
the underlying issuer of existing
shares to which voting rights
are attached:
----------------------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
------------------
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights X
------------------
An acquisition or disposal of financial instruments X
------------------
An event changing the breakdown of voting rights
------------------
Other (please specify):
------------------
3. Details of person subject to the notification obligation
Name Mercuria Energy Group Holding Ltd
City and country of registered Larnaca, Cyprus
office (if applicable)
4. Full name of shareholder(s) (if different from 3.)
Name 1) Upstream Capital Partners VI
Ltd
2) Mercuria Energy Netherlands
B.V.
3) Mercuria Asset Holding (Hong
Kong) Limited
4) Mercuria Energy Asset Management
B.V.
----------------------------------------------------------------
City and country of registered 1) Larnaca, Cypus
office (if applicable) 2) Utrecht, Netherlands
3) Hong Kong, China
4) Utrecht, Netherlands
----------------------------------------------------------------
5. Date on which the threshold 21/01/2019
was crossed or reached:
----------------------------------------------------------------
6. Date on which issuer notified 21/01/2019
(DD/MM/YYYY):
----------------------------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) of issuer
of 8.A) (total of 8.B
1 + 8.B 2)
---------------------- --------------------- --------------------- --------------------
Resulting situation 72.880% 12.211% 85.091% 3,187,363,426
on the date
on which threshold
was crossed
or reached
(Post dilution) (Post dilution) (Post dilution) (Post dilution)
---------------------- --------------------- --------------------- --------------------
Position of 73.841% 10.531% 84.372%
previous notification
(if
applicable) (Post dilution) (Post dilution) (Post dilution)
---------------------- --------------------- --------------------- --------------------
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached
A: Voting rights attached to shares
Class/type of Number of voting rights % of voting rights
shares
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
---------------------
GB00B7LHJ340 0 2,322,950,277 0% 72.880%
-------------------- --------------------- ---------------------------------- ---------------------
SUBTOTAL 8.A 2,322,950,277 72.880%
------------------------------------------- ---------------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion Period rights that may rights
instrument be acquired if
the instrument
is
exercised/converted.
-------------------- --------------------- ---------------------------------- ---------------------
Warrants Various Various 42,275,868 1.326%
-------------------- --------------------- ---------------------------------- ---------------------
Convertible 30/06/2018 to
loan 15/12/2021 15/12/2021 284,141,436 8.915%
-------------------- --------------------- ---------------------------------- ---------------------
Convertible 30/06/2019 to
loan 15/12/2021 15/12/2021 62,790,183 1.970%
-------------------- --------------------- ---------------------------------- ---------------------
SUBTOTAL 8.B 1 389,207,487 12.211%
--------------------- ---------------------------------- ---------------------
B 2: Financial Instruments with similar economic effect according to
Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Expiration Exercise/ Physical or Number of % of voting
financial date Conversion cash voting rights rights
instrument Period settlement
--------------------- --------------------- ------------ --------------------
SUBTOTAL
8.B.2
------------ --------------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer
Full chain of controlled undertakings through which the voting rights X
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional
rows as necessary)
Name % of voting rights % of voting Total of both if
if it equals or rights it equals or is
is higher than the through higher than the
notifiable threshold financial notifiable threshold
instruments
if it
equals or
is higher
than the
notifiable
threshold
------------------------------------------- ------------ -------------------------------------------
Mercuria Energy
Group Ltd 72.880% 12.211% 85.091%
------------------------------------------- ------------ -------------------------------------------
Upstream
Capital
Partners VI
Ltd 60.383% 1.280% 61.663%
------------------------------------------- ------------ -------------------------------------------
Mercuria Energy
Netherlands
B.V. 0.00% 10.885% 10.885%
------------------------------------------- ------------ -------------------------------------------
Mercuria Asset
Holding
(Hong Kong)
Limited 10.483% 0.000% 10.483%
------------------------------------------- ------------ -------------------------------------------
Mercuria Energy
Asset
Management
B.V. 2.014% 0.046% 2.060%
------------------------------------------- ------------ -------------------------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
---------------------------------------------------------
The number and % of voting rights
held
---------------------------------------------------------
The date until which the voting rights
will be held
---------------------------------------------------------
11. Additional information
Place of completion London, UK
Date of completion 21/01/2019
-----------
Ends
Enquiries:
Phoenix Global Resources Anuj Sharma, CEO T: +54 11 5258 7500
plc Kevin Dennehy, CFO
Stockdale Securities Antonio Bossi T: +44 20 7601 6100
Panmure Gordon Charles Lesser T: +44 20 7886 2500
Camarco Billy Clegg T: +44 20 3781 8331
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 rns@lseg.com or visit www.rns.com.
END
HOLBLGDBBSDBGCB
(END) Dow Jones Newswires
January 22, 2019 02:00 ET (07:00 GMT)
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