Information  X 
Enter a valid email address

Pharos Energy PLC (PHAR)

  Print          Annual reports

Thursday 23 April, 2020

Pharos Energy PLC

Director/PDMR Shareholding

RNS Number : 5651K
Pharos Energy PLC
23 April 2020
 

 

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 22 April 2020 that, on the same day, John Martin, Non-Executive Chair, Ed Story, Chief Executive Officer, Jann Brown, the Managing Director and Chief Financial Officer and Dr Mike Watts, Managing Director, purchased Pharos Energy plc ordinary shares of £0.05 each ("Shares") in the Company as set out in the table below. The Shares were purchased on the open market.

 

Director

Number of Shares purchased

Price per Share

Total number of Shares held following purchase

% of Company's Issued Capital (excluding treasury shares)

John Martin

100,000

£0.1498

130,000

0.033%

Ed Story

100,000

£0.1590

14,173,7471

3.560%

Jann Brown

75,000

£0.1490

493,801

0.124%

Dr Mike Watts

75,000

£0.1490

627,195

0.158%

1 * 12,498,747 Shares (3.14%) are held personally by E Story. 1,675,000 Shares (0.42%) are held through The Story Family Trust, a closely associated person to Ed Story.

 

For further information, please contact:

Pharos Energy plc    Tel: + 44 207 603 1515

Tony Hunter, Company Secretary

Notes to editors

Pharos Energy is an independent oil and gas exploration and production company with a focus on sustainable growth and returns to stakeholders, headquartered in London and listed on the London Stock Exchange.

Pharos has production, development and exploration interests in Egypt, Israel and Vietnam.

In Egypt, Pharos holds a 100% working interest in the El Fayum oil concession in the low-cost and highly prolific Western Desert, one of Egypt's most established and prolific hydrocarbon basins. The concession produces from 10 fields and is located 80 km south west of Cairo and close to local energy infrastructure. It is operated by Petrosilah a 50/50 JV between Pharos and Egyptian General Petroleum Corporation (EGPC). Pharos is also an operator with 100% working interest in the North Beni Suef (NBS) Concession which is located immediately south of the El Fayum concession. 

In Israel, Pharos together with Cairn Energy plc and Israel's Ratio Oil Exploration, were successful in their bid for eight blocks in the second offshore bid round in Israel. Each party has an equal working interest and Cairn is the operator.

In Vietnam, Pharos holds a 30.5% working interest in the Te Giac Trang (TGT) Field in Block 16-1, which is operated by the Hoang Long Joint Operating Company. Block 16-1 is located in the shallow water Cuu Long Basin, offshore southern Vietnam and a 25% working interest in the Ca Ngu Vang (CVN) Field in Block 9-2, which is operated by the Hoan Vu Joint Operating Company. Block 9-2 is 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

Name

JOHN MARTIN

Reason for the notification

Position/status

Non-Executive Chair

 

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

PHAROS ENERGY PLC

 

LEI

549300DDKLXYLLO4N524

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

Description of the financial instrument, type of instrument

 

Identification code

 

ORDINARY SHARES OF £0.05 EACH

 

 

GB00B572ZV91

Nature of the transaction

 

 

Acquisition of shares.

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£0.1498

100,000

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

100,000

 

£14,980

Date of the transaction

 

22/04/2020

Place of the transaction

 

London Stock Exchange, XLON

 

1

 

Details of the person discharging managerial responsibilities

a)

Name

ED STORY

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)

£0.1590

100,000

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

100,000

 

£15,900

 

e)

 

Date of the transaction

 

22/04/2020

f)

 

Place of the transaction

 

London Stock Exchange, XLON

 

 

1

 

Details of the person discharging managerial responsibilities

a)

Name

JANN BROWN

2

Reason for the notification

a)

Position/status

Managing Director and 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)

£0.149

75,000

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

75,000

 

£11,175

 

e)

 

Date of the transaction

 

22/04/2020

f)

 

Place of the transaction

 

London Stock Exchange, XLON

 

1

 

Details of the person discharging managerial responsibilities

a)

Name

MIKE WATTS

2

Reason for the notification

a)

Position/status

Managing Director

 

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)

£0.149

75,000

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

75,000

 

£11,175

 

e)

 

Date of the transaction

 

22/04/2020

f)

 

Place of the transaction

 

London Stock Exchange, XLON

 

 


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 [email protected] or visit www.rns.com.
 
END
 
 
DSHSEIFWEESSEEL

a d v e r t i s e m e n t