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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 : 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
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
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January 22, 2019 02:00 ET (07:00 GMT)
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