President Energy PLC PDMR Shareholding (0427D)
October 04 2018 - 10:21AM
UK Regulatory
TIDMPPC
RNS Number : 0427D
President Energy PLC
04 October 2018
4 October 2018
PRESIDENT ENERGY PLC
("President" or "the Company")
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 Victor Linari, Chief
Geologist purchased on 27 September 2018 a total of 151,800
ordinary shares of 1p each in the capital of the Company ("Ordinary
Shares").
Following this purchase, Mr Linari has an interest in 151,800
Ordinary Shares representing 0.014 per cent. of the Company's
issued share capital.
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Mr Victor Linari
----------------------------------------- -------------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------------------
(a) Position/status Chief Geologist
----------------------------------------- -------------------------------------------
(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 of the President Energy plc Ordinary Shares
Financial Instrument of 1p each
----------------------------------------- -------------------------------------------
(b) Identification code ISIN: GB00B3DDP128
of the Financial
Instrument
----------------------------------------- -------------------------------------------
(c) Nature of the transaction Acquisition
----------------------------------------- -------------------------------------------
(d) Price(s) and volume(s) Price(s) Volume(s)
-------------------- ---------------------
9p 151,800
-------------------- ---------------------
Aggregated information
* Aggregated volume
151,800
(e) - Price 9p
----------------------------------------- -------------------------------------------
(f) Date of the transaction 27 September 2018
----------------------------------------- -------------------------------------------
(g) Place of the transaction London Stock Exchange, AIM Market (XLON)
----------------------------------------- -------------------------------------------
Contact:
President Energy PLC
Peter Levine, Chairman, Chief Executive
Rob Shepherd, Group FD +44 (0) 207 016 7950
finnCap (Nominated Advisor & Joint
Broker)
Christopher Raggett, Scott Mathieson,
Tim Redfern +44 (0) 207 220 0573
BMO Capital Markets (Joint Broker)
Jeremy Low, Neil Haycock, Tom Rider +44 (0) 207 236 1010
Camarco Financial PR
Billy Clegg, Jane Glover, Violet Wilson +44 (0) 203 757 4980
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 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 Neuque n
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.
The Company 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 including the IFC, part of the
World Bank, 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 rns@lseg.com or visit www.rns.com.
END
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