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Pharos Energy PLC (PHAR)

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Thursday 07 October, 2021

Pharos Energy PLC

Director/PDMR Shareholding

RNS Number : 2518O
Pharos Energy PLC
07 October 2021
 

  7 October 2021

Pharos Energy plc

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

DIRECTOR/PDMR SHAREHOLDINGS

Awards under the Company's Long-Term Incentive Plan

 

The Company announces that on 6 October 2021, its Persons Discharging Managerial Responsibilities ("PDMRs") were granted the following nil-cost share awards over ordinary shares of £0.05 each in the Company ("Shares") under the Company's Long-Term Incentive Plan ("LTIP").

 

PDMRs

Position

No of LTIP awards granted

Ed Story

Chief Executive Officer

1,550,855

Jann Brown

Managing Director

1,550,855

Dr Mike Watts

Managing Director

1,550,855

Sue Rivett

Chief Financial Officer

909,317

 

These awards will generally vest over three years from the date of grant, subject to the satisfaction of certain performance conditions and a subsequent two-year holding period.

Enquiries

Pharos Energy plc    Tel: 0207 603 1515

Tony Hunter, Company Secretary

 

Camarco                                                                                                                                                    Tel: 020 3757 4980

Billy Clegg | Owen Roberts | Monique Perks

 

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, Vietnam and Israel. In Egypt, Pharos holds a 100% working interest in the El Fayum oil Concession in the Western Desert. The Concession produces from 10 fields and is located 80 km southwest of Cairo. It is operated by Petrosilah, a 50/50 JV between Pharos and the Egyptian General Petroleum Corporation (EGPC). Pharos is also an operator with a 100% working interest in the North Beni Suef (NBS) Concession, which is located immediately south of the El Fayum 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 (CVN) 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. In Israel, Pharos, together with Cairn Energy plc and Israel's Ratio Oil Exploration, have eight licences offshore Israel. Each party has an equal working interest and Cairn is the operator.

 

 

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 ("SHARES")

 

 

GB00B572ZV91

b)

 

Nature of the transaction

 

 

Grant of nil cost options under the Pharos Energy plc Long-Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£0.00

1,550,855

 

d)

 

Aggregated information

 

 

N/A single transaction

 

e)

 

Date of the transaction

 

06/10/21

f)

 

Place of the transaction

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities

a)

Name

JANN BROWN

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

 

 

Grant of nil cost options under the Pharos Energy plc Long-Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£0.00

1,550,855

 

d)

 

Aggregated information

 

 

N/A single transaction

 

e)

 

Date of the transaction

 

06/10/21

f)

 

Place of the transaction

 

Outside a trading venue

 

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

 

 

Grant of nil cost options under the Pharos Energy plc Long-Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£0.00

1,550,855

 

d)

 

Aggregated information

 

 

N/A single transaction

 

 

e)

 

Date of the transaction

 

06/10/21

f)

 

Place of the transaction

 

Outside a trading venue

 

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

 

 

Grant of nil cost options under the Pharos Energy plc Long-Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£0.00

909,317

 

d)

 

Aggregated information

 

 

N/A single transaction

 

e)

 

Date of the transaction

 

06/10/21

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 

 

 

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