Phoenix Global Resources PLC Deferred Bonus Plan (8307S)
June 28 2018 - 1:01AM
UK Regulatory
TIDMPGR
RNS Number : 8307S
Phoenix Global Resources PLC
28 June 2018
28 June 2018
Phoenix Global Resources plc
("Phoenix" or the "Company")
Deferred Bonus Plan
The Board of Phoenix (AIM:PGR; BCBA:PGR) announces that it has
granted nil-cost conditional awards over a total of 3,325,406
ordinary shares representing approximately 0.12% of the Company's
issued share capital under the Company's deferred bonus plan
("DBP"). The awards are not subject to performance conditions and
are subject to the rules of the DBP including vesting criteria.
The share awards represent one third of the annual bonus awards.
The first third of the share awards will vest on the first
anniversary of the grant date; the second third on the second
anniversary of the grant date; and the remainder on the third
anniversary of the grant date.
Awards over a total of 547,015 ordinary shares for directors and
persons discharging managerial responsibility ("PDMR") are set out
below:
Director/PDMR Position Number of shares awarded
Philip Wolfe CFO 193,637
Javier Vallesi COO 353,378
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Philip Wolfe
2 Reason for the notification
a) Position/status Chief Financial Officer, Phoenix Global Resources plc
b) Initial notification/Amendment This is an initial notification.
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Phoenix Global Resources plc
b) LEI 213800KGHZ6DKGJNNT92
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 financial instrument, type of Award over Ordinary Shares of 10p each
instrument
Identification code Award over Ordinary Shares with identification code
GB00B7LHJ340
b) Nature of the transaction Grant of an award over Ordinary Shares under the
Phoenix Global Resources Deferred Bonus Plan
c) Price(s) and volume(s) Price Volume
Nil 193,637
d) Aggregated information Price Volume
------- --------
N/A N/A
e) Date of the transaction 27 June 2018
f) Place of the transaction Outside a Trading Venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Javier Vallesi
2 Reason for the notification
a) Position/status Chief Operating Officer, Phoenix Global Resources plc
b) Initial notification/Amendment This is an initial notification.
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Phoenix Global Resources plc
b) LEI 213800KGHZ6DKGJNNT92
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 financial instrument, type of Award over Ordinary Shares of 10p each
instrument
Identification code Award over Ordinary Shares with identification code
GB00B7LHJ340
b) Nature of the transaction Grant of an award over Ordinary Shares under the
Phoenix Global Resources Deferred Bonus Plan
c) Price(s) and volume(s) Price Volume
Nil 353,378
d) Aggregated information Price Volume
------- --------
N/A N/A
e) Date of the transaction 27 June 2018
f) Place of the transaction Outside a Trading Venue
Ends
Enquiries:
Phoenix Global Resources Anuj Sharma, CEO T: +54 11 5258 7500
plc Philip Wolfe, CFO T: +44 20 3912 2805
Stockdale Securities Antonio Bossi T: +44 20 7601 6100
Ed Thomas
Panmure Gordon Adam James T: +44 20 7886 2500
Atholl Tweedie
Camarco Billy Clegg T: +44 20 3757 4980
Owen Roberts
James Crothers
About Phoenix:
Phoenix Global Resources plc (AIM: PGR; BCBA: PGR) is an
upstream oil and gas company offering its investors an opportunity
to invest directly into Argentina's Vaca Muerta shale formation and
other unconventional resources. The Vaca Muerta is the only
producing shale outside of the US and has attracted significant
major entrants including Total, BP, Chevron, ExxonMobil, Qatar
Petroleum, Petronas, Shell and Equinor. The Company has 560,000 net
Vaca Muerta acres covering approximately 7.5% of the formation,
with three core Vaca Muerta areas (Puesto Rojas, Mata Mora and
Corralera). The Company's unconventional acreage is underpinned by
57.2 MMboe conventional proven and probable reserves and 11,070
boepd of production in 2017. The Company's strategy is to invest in
drilling activity in its Vaca Muerta acreage to increase resources,
reserves and production and is well capitalised and of a scale to
do so.
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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