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PGR Phoenix Global Resources Plc

6.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
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

Phoenix Global Resources PLC Long-term Incentive Awards (7640B)

25/09/2018 7:02am

UK Regulatory


Phoenix Global Resources (LSE:PGR)
Historical Stock Chart


From Apr 2019 to Apr 2024

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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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