President Energy PLC Director/PDMR Shareholding (0602S)

TIDMPPC

RNS Number : 0602S

President Energy PLC

21 June 2018

21 June 2018

PRESIDENT ENERGY PLC

("President" or "the Company")

Director/PDMR Shareholding

President Energy (AIM: PPC), the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, announces that Robert Shepherd, Group Financial Director purchased yesterday a total of 300,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares").

Following this purchase, Mr Shepherd has an interest in 609,144 Ordinary Shares representing 0.057 per cent. of the Company's issued share capital.

 
 1.     Details of the person discharging managerial 
         responsibilities/person closely associated 
-----  -------------------------------------------------------------- 
 (a)    Name                          Mr Robert Shepherd 
-----  ----------------------------  -------------------------------- 
 2.     Reason for the notification 
-----  -------------------------------------------------------------- 
 (a)    Position/status               Group Finance Director 
-----  ----------------------------  -------------------------------- 
 (b)    Initial notification/         Initial notification 
         Amendment 
-----  ----------------------------  -------------------------------- 
 3.     Details of the issuer 
-----  -------------------------------------------------------------- 
 (a)    Name                          President Energy plc 
-----  ----------------------------  -------------------------------- 
 (b)    LEI                           213800MA2ZN22I4ITA79 
-----  ----------------------------  -------------------------------- 
 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                   President Energy plc Ordinary 
         of the Financial              Shares of 1p each 
         Instrument 
-----  ----------------------------  -------------------------------- 
 (b)    Identification                ISIN: GB00B3DDP128 
         code of the 
         Financial Instrument 
-----  ----------------------------  -------------------------------- 
 (c)    Nature of the                 Acquisition 
         transaction 
-----  ----------------------------  -------------------------------- 
 (d)    Price(s) and                  Price(s)         Volume(s) 
         volume(s) 
                                     ---------------  --------------- 
                                      300,000          9.6p 
                                     ---------------  --------------- 
 
 (e)    Aggregated information 
          *    Aggregated volume              *    300,000 
 
 
         - Price 
                                              *    9.6p 
-----  ----------------------------  -------------------------------- 
 (f)    Date of the                   20 June 2018 
         transaction 
-----  ----------------------------  -------------------------------- 
 (g)    Place of the                  London Stock Exchange, AIM 
         transaction                   Market (XLON) 
-----  ----------------------------  -------------------------------- 
 

Contact:

 
 President Energy PLC 
  Peter Levine, Chairman, Chief 
  Executive 
  Rob Shepherd, Group FD             [phone] 
 finnCap (Nominated Advisor 
  & Joint Broker) 
  Christopher Raggett, Scott 
  Mathieson, Andrew Burdis           [phone] 
 BMO Capital Markets (Joint 
  Broker) 
  Jeremy Low, Neil Haycock,          [phone] 
  Tom Rider                          1010 
 Camarco Financial PR 
  Billy Clegg, Owen Roberts, 
  Violet Wilson                      [phone] 
 

Notes to Editors

President Energy is an oil and gas company listed on the AIM market of the London Stock Exchange (PPC.L) primarily focused in Argentina, with a diverse portfolio of operated onshore producing and exploration assets. The Company currently has independently assessed 1P reserves in excess of 15 MMboe and 2P reserves of more than 27 MMboe.

The Company has operated interests in the Puesto Flores and Estancia Vieja Concession, Rio Negro Province, in the Neuquén Basin of Argentina and in the Puesto Guardian Concession, in the Noroeste Basin in NW Argentina. The Company is focused on growing production in the near term in Argentina. Alongside this, President Energy has cash generative production assets in Louisiana, USA and further significant exploration and development opportunities through its acreage in Paraguay and Argentina.

President Energy's third largest shareholder is the IFC, part of the World Bank Group and is actively pursuing value accretive acquisitions of high quality production and development assets in Argentina capable of delivering positive cash flows and shareholder returns. With a strong institutional base of support and an in-country management team, President Energy gives UK investors rare access to the Argentinian growth story combined with world class standards of corporate governance, environmental and social responsibility.

This announcement contains inside information for the purposes of article 7 of Regulation 596/2014

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 [e-mail] or visit www.rns.com.

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June 21, 2018 02:00 ET (06:00 GMT)