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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 |
TIDMPGR
RNS Number : 7640B
Phoenix Global Resources PLC
25 September 2018
25 September 2018
Phoenix Global Resources plc
("Phoenix" or the "Company")
Long-term Incentive Awards
The Board of Phoenix (AIM:PGR; BCBA:PGR) announces that it has made a grant of share awards to certain directors and persons discharging managerial responsibilities.
The awards are being made as one-off awards outside the Company's long-term incentive plan ("LTIP") but on terms identical to the LTIP. They are being granted on this basis to address a timing conflict that has arisen as a result of the delay in the grant of the first awards under the LTIP that arose due to the Company being in a close period at the time they were due to be awarded.
The awards have been granted as nil-cost conditional awards, over a total of 7,903,432 ordinary shares representing approximately 0.29% of the Company's issued share capital, and are subject to performance conditions based on the Company's performance and (subject to the same rules as the LTIP) a vesting period of three years followed by an additional post-vesting holding period of a further two years. The awards are also subject to claw-back and malus provisions.
1 Details of the person discharging managerial responsibilities/person closely associated a) Name Anuj Sharma 2 Reason for the notification a) Position/status Chief Executive 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 c) Price(s) and volume(s) Price Volume Nil 4,037,814 d) Aggregated information Price Volume ------- -------- N/A N/A e) Date of the transaction 24 September 2018 f) Place of the transaction Outside a Trading Venue 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 c) Price(s) and volume(s) Price Volume Nil 283,687 d) Aggregated information Price Volume ------- -------- N/A N/A e) Date of the transaction 24 September 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 c) Price(s) and volume(s) Price Volume Nil 2,116,596 d) Aggregated information Price Volume ------- -------- N/A N/A e) Date of the transaction 24 September 2018 f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Kevin Dennehy 2 Reason for the notification a) Position/status Chief Financial Officer, Phoenix Global Resources Operating LLC 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 c) Price(s) and volume(s) Price Volume Nil 1,465,335 d) Aggregated information Price Volume ------- -------- N/A N/A e) Date of the transaction 24 September 2018 f) Place of the transaction Outside a Trading Venue
Ends
Enquiries:
Phoenix Global Resources Anuj Sharma, CEO T: +54 11 5258 7500 plc Philip Wolfe, CFO T: +44 20 3912 2805 Stockdale Securities Antonio Bossi T: +44 20 7601 6100 Ed Thomas Panmure Gordon Adam James T: +44 20 7886 2500 Charles Lesser Camarco Billy Clegg T: +44 20 3757 4980 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 licenced 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 11,070 working interest boepd in 2017. Phoenix has significant exposure to the unconventional opportunity in Argentina through its more than 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
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(END) Dow Jones Newswires
September 25, 2018 02:02 ET (06:02 GMT)
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