Pharos
Energy plc
("Pharos"
or the "Company" or, together with its subsidiaries, the
"Group")
DIRECTORS/PDMR
SHAREHOLDINGS
Share Purchases by
Directors
The Company
was notified on 27 December 2024 that, on the same day, Katherine
Roe, the Chief Executive Officer and Sue Rivett, the Chief
Financial Officer, purchased Pharos Energy plc ordinary shares of
£0.05 each ("Shares") at a purchase price of £0.236520 per Share.
The Shares were purchased on the open market pursuant to trading
plans entered into by the Directors on 26 September 2024 and 19
April 2022 respectively.
|
Director
|
Number of Shares
purchased
|
Total number of Shares held
following purchase
|
% of Company's Issued Capital
(excluding treasury shares)
|
|
Katherine Roe, Chief Executive
Officer
|
6,226
|
24,933
|
0.006%
|
|
Sue Rivett, Chief Financial
Officer
|
4,123
|
918,409
|
0.221%
|
For further
information, please contact:
Pharos Energy plc
Tel: 0207 603 1515
Tony Hunter, Company
Secretary
Notes to editors
Pharos Energy plc is an independent
energy 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. The first development lease on the NBS
Concession was awarded in September 2023 and production started in
December 2023. IPR Lake Qarun operates and holds the remaining 55%
working interest in the NBS Concession. In Vietnam, Pharos
currently 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 currently 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. Following the announcement
by Pharos in December 2024 of approval a five year extension to the
terms of the petroleum contracts for Blocks 16-1 and 9-2, together
with associated changes to fiscal terms and participating
interests, Pharos will hold a revised working interest in Block
16-1 (TGT) of 25.33% with effect from 8 December 2026 and a revised
working interest in Block 9-2 (CNV) of 20% with effect from 16
December 2027. 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.
|
1
|
Details of the person discharging managerial
responsibilities
|
|
a)
|
Name
|
KATHERINE ROE
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
PHAROS ENERGY PLC
|
|
b)
|
LEI
|
549300DDKLXYLLO4N524
|
|
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 instrument
Identification code
|
ORDINARY SHARES OF £0.05
EACH
GB00B572ZV91
|
|
b)
|
Nature of the transaction
|
Acquisition of Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.236520
|
6,226
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
6,226
£1,472.57
|
|
e)
|
Date of the transaction
|
27/12/24
|
|
f)
|
Place of the transaction
|
X-LON
|
|
1
|
Details of the person discharging managerial
responsibilities
|
|
a)
|
Name
|
SUE RIVETT
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
PHAROS ENERGY PLC
|
|
b)
|
LEI
|
549300DDKLXYLLO4N524
|
|
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 instrument
Identification code
|
ORDINARY SHARES OF £0.05
EACH
GB00B572ZV91
|
|
b)
|
Nature of the transaction
|
Acquisition of Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.236520
|
4,123
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
4,123
£975.17
|
|
e)
|
Date of the transaction
|
27/12/24
|
|
f)
|
Place of the transaction
|
X-LON
|
