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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 : 5976C
Phoenix Global Resources PLC
18 June 2019
18 June 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, 2,329,762,468 ordinary shares in Phoenix, which represent 83.60% of the Company's issued share capital.
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NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the Phoenix Global Resources plc
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 office Larnaca, Cyprus
(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 office 1) Larnaca, Cypus
(if applicable) 2) Utrecht, Netherlands
3) Hong Kong, China
4) Utrecht, Netherlands
-----------------------------------------------
5. Date on which the threshold was 14/06/2019
crossed or reached:
-----------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 14/06/2019
-----------------------------------------------
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 69.843% 16.249% 86.092% 3,335,722,191
on the date
on which threshold
was crossed
or reached
(Post dilution) (Post dilution) (Post dilution) (Post dilution)
------------------ --------------------- ----------------- --------------------
Position of 72.880% 12.211% 85.091%
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 2,329,762,468 0% 69.843%
-------------------------- --------------------------------- ------------------------ -----------------------
SUBTOTAL 8. A 2,329,762,468 69.843%
------------------------------------------------------------- -------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion Period rights that may rights
be acquired if
the instrument
is
exercised/converted.
------------- ---------------------------------------- ------------------------------ --------------------------
Warrants Various Various 26,456,475 0.793%
------------- ---------------------------------------- ------------------------------ --------------------------
Convertible loan 15/12/2021 30/06/2018 to 15/12/2021 284,141,436 8.518%
------------- ---------------------------------------- ------------------------------ --------------------------
Convertible loan 15/12/2021 30/06/2019 to 15/12/2021 214,057,443 6.417%
------------- ---------------------------------------- ------------------------------ --------------------------
Convertible loan 15/12/2021 30/06/2020 to 15/12/2021 17,372,778 0.521%
------------- ---------------------------------------- ------------------------------ --------------------------
SUBTOTAL 8. B 1 542,028,132 16.249%
---------------------------------------- ------------------------------ --------------------------
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 rights Total of both if
if it equals or through financial it equals or is
is higher than the instruments if it higher than the
notifiable threshold equals or is higher notifiable threshold
than the notifiable
threshold
-------------------------------------------- ------------------------------ -----------------------------
Mercuria Energy
Group Ltd 69.843% 16.249% 86.092%
-------------------------------------------- ------------------------------ -----------------------------
Upstream Capital
Partners VI Ltd 57.698% 0.749% 58.447%
-------------------------------------------- ------------------------------ -----------------------------
Mercuria Energy
Netherlands B.V. 0.00% 15.456% 15.456%
-------------------------------------------- ------------------------------ -----------------------------
Mercuria Asset Holding
(Hong Kong) Limited 10.221% 0.000% 10.221%
-------------------------------------------- ------------------------------ -----------------------------
Mercuria Energy
Asset Management
B.V. 1.924% 0.044% 1.968%
-------------------------------------------- ------------------------------ -----------------------------
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 14/06/2019
------------------------------------------------------------------------------------------------------------
- Ends -
For further information, please contact:
Phoenix Global Resources Kevin Dennehy, CFO T: +54 11 5258 7500
plc
Stockdale Securities Antonio Bossi T: +44 20 7601 6100
David Coaten
Panmure Gordon Charles Lesser T: +44 20 7886 2500
Camarco Billy Clegg T: +44 20 3757 4980
Owen Roberts
James Crothers
About Phoenix
Phoenix Global Resources is an independent oil and gas exploration and production company focused on Argentina and listed on the London Stock Exchange (AIM: PGR) and Buenos Aires Stock Exchange (BCBA: PGR). The Company has over 1.8 million licenced working interest acres in Argentina (of which over 0.7 million are operated), 57.1 million boe of working interest 2P reserves and average working interest production of approximately 10,249 boepd in 2018. Phoenix has signi cant exposure to the unconventional opportunity in Argentina through its approximately 700,000 working interest acres with Vaca Muerta and other unconventional 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
HOLEAXKPFDXNEEF
(END) Dow Jones Newswires
June 18, 2019 03:41 ET (07:41 GMT)
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