Phoenix Global Resources PLC Deferred Bonus Plan (0180X)

TIDMPGR

RNS Number : 0180X

Phoenix Global Resources PLC

25 August 2020

25 August 2020

Phoenix Global Resources plc

("Phoenix" or the "Company")

Deferred Bonus Plan

Further to its announcement of 24 August 2020, Phoenix (AIM:PGR; BCBA:PGR), the upstream oil and gas company offering its investors direct exposure to Argentina's Vaca Muerta shale formation and other unconventional resources, announces that, of the 1,350,570 ordinary shares transferred to the Phoenix Global Resources Employee Benefit Trust, 276,639 ordinary shares were transferred to persons discharging managerial responsibility to satisfy shares vesting under Phoenix's Deferred Bonus Plan as detailed below:

 
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          Ordinary Shares of 10p each 
      instrument 
      Identification code                                       Ordinary Shares with identification code GB00B7LHJ340 
b)    Nature of the transaction                                 Vesting of Ordinary Shares under the Phoenix Global 
                                                                Resources Deferred Bonus Plan 
c)    Price(s) and volume(s)                                      Price     Volume 
                                                                   Nil     276,639 
d)    Aggregated information                                      Price    Volume 
                                                                 -------  -------- 
                                                                   N/A      N/A 
e)    Date of the transaction                                  24 August 2020 
f)    Place of the transaction                                 Outside a Trading Venue 
 

Ends

For further information, please contact:

 
Phoenix Global Resources     Nigel Duxbury     T: [phone] 
 plc 
Shore Capital                Antonio Bossi     T: [phone] 
 Joint broker and nominated   David Coaten 
 adviser 
 
  Panmure Gordon               Daniel Norman     T: [phone] 
  Joint broker                 Atholl Tweedie 
 

About Phoenix

Phoenix Global Resources is an independent oil and gas exploration and production company focused on Argentina and listed on both the London Stock Exchange (AIM: PGR) and the Buenos Aires Stock Exchange (BCBA: PGR). The Company has over 0.9 million licenced working interest acres in Argentina (of which approximately 0.7 million are operated), 29.8 million boe of working interest 2P reserves and average working interest production of 9,236 boepd in 2019. Phoenix has signi cant exposure to the unconventional opportunity in Argentina through its approximately 0.6 million working interest acres with Vaca Muerta and other unconventional potential.

The Company's website is www.phoenixglobalresources.com

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August 25, 2020 02:00 ET (06:00 GMT)