Pharos Energy PLC Director/PDMR Shareholding (2871X)

TIDMPHAR

RNS Number : 2871X

Pharos Energy PLC

25 April 2023

25 April 2023

Pharos Energy plc

("Pharos" or the "Company" or, together with its subsidiaries, the "Group")

DIRECTOR/PDMR SHAREHOLDING

Share Purchase by Director

The Company was notified on 24 April 2023 that, on the same day, Sue Rivett, Chief Financial Officer, purchased 15,000 Pharos Energy plc ordinary shares of GBP0.05 each ("Shares") on the open market at a purchase price of GBP0.231071 per Share.

The resulting shareholding of the director concerned is set out in the table below:

 
  Director     Number of Shares      Total number          % of Company's 
                   purchased         of Shares held        Issued Capital 
                                   following purchase    (excluding treasury 
                                                               shares) 
 Sue Rivett              15,000                93,459                 0.022% 
              =================  ====================  ===================== 
 

Enquiries

Pharos Energy plc Tel: [phone]

Tony Hunter, Company Secretary

Camarco

Tel: [phone]

Billy Clegg | Georgia Edmonds | Rebecca Waterworth | Kirsty Duff

Notes to editors

Pharos Energy plc is an independent oil and gas exploration and production company with a focus on sustainable growth and returns to stakeholders, which is listed on the London Stock Exchange. Pharos has production, development and/or exploration interests in Egypt and Vietnam. In Egypt, Pharos holds a 45% working interest share in the El Fayum Concession in the Western Desert, with IPR Lake Qarun, part of the international integrated energy business IPR Energy Group, holding the remaining 55% working interest. The El Fayum Concession produces oil from 10 fields and is located 80 km southwest of Cairo. It is operated by Petrosilah, a 50/50 joint stock company between the contractor parties (being IPR Lake Qarun and Pharos) and the Egyptian General Petroleum Corporation (EGPC). Pharos also holds a 45% working interest share in the North Beni Suef (NBS) Concession in Egypt, which is located immediately south of the El Fayum Concession. IPR Lake Qarun operates and holds the remaining 55% working interest in the NBS Concession. In Vietnam, Pharos has a 30.5% working interest in Block 16-1 which contains 97% of the Te Giac Trang (TGT) field and is operated by the Hoang Long Joint Operating Company. Pharos' unitised interest in the TGT field is 29.7%. Pharos also has a 25% working interest in the Ca Ngu Vang (CNV) field located in Block 9-2, which is operated by the Hoan Vu Joint Operating Company. Blocks 16-1 and 9-2 are located in the shallow water Cuu Long Basin, offshore southern Vietnam. Pharos also holds a 70% interest in, and is designated operator of, Blocks 125 & 126, located in the moderate to deep water Phu Khanh Basin, north east of the Cuu Long Basin, offshore central Vietnam.

 
      Details of the person discharging managerial responsibilities 
  1 
 a)   Name                           Sue Rivett 
     =============================  ================================== 
      Reason for the notification 
  2 
     ================================================================= 
 a)   Position/status                Chief Financial Officer 
     =============================  ================================== 
 b)   Initial notification           Initial notification 
       /Amendment 
     =============================  ================================== 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ================================================================= 
 a)   Name                           PHAROS ENERGY PLC 
     =============================  ================================== 
 b)   LEI                            549300DDKLXYLLO4N524 
     =============================  ================================== 
      Details of the transaction(s): section to be repeated for (i) 
  4    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             ORDINARY SHARES OF GBP0.05 EACH 
       financial instrument, 
       type of instrument 
                                      GB00B572ZV91 
       Identification code 
     =============================  ================================== 
 b)   Nature of the transaction      Acquisition of Shares 
     =============================  ================================== 
 c)   Price(s) and volume(s)          Price(s)       Volume(s) 
                                       GBP0.231071    15,000 
                                                     ========== 
     =============================  ================================== 
 d)   Aggregated information 
 
        *    Aggregated volume                     15,000 
 
                                                 GBP3,466.07 
 
        *    Price 
     =============================  ================================== 
 e)   Date of the transaction        24/04/23 
     =============================  ================================== 
 f)   Place of the transaction       XLON 
     =============================  ================================== 
 

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April 25, 2023 02:30 ET (06:30 GMT)