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Phoenix Global Res (PGR)

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Thursday 05 August, 2021

Phoenix Global Res

Director/PDMR Shareholding

RNS Number : 7392H
Phoenix Global Resources PLC
05 August 2021
 

5 August 2021

 

Phoenix Global Resources plc

("Phoenix" or the "Company")

 

Notification of a Transaction by a PDMR

 

Phoenix Global Resources plc (AIM: PGR; BCBA: PGR), the upstream oil and gas company, was notified today that Sir Michael Rake as part of his personal financial planning sold 760,000 ordinary shares of 10 pence each ("Ordinary Shares") at a price of 4.5 pence per share and repurchased 760,000 Ordinary Shares at a price of 4.505 pence per share for his pension account on 4 August 2021.

 

There is no change in the beneficial ownership as a result of these transactions and Sir Michael Rake's interests in the number of Ordinary Shares remains unchanged.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Sir Michael Rake

2

Reason for the notification

a)

Position/status

Chairman

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 instrument

Ordinary Shares of 10p each

Identification code

GB00B7LHJ340

b)

Nature of the transaction

Share sale

c)

Price(s) and volume(s)

Price

Volume

£0.045

760,000

d)

Aggregated information

Price

Volume

N/A

N/A

e)

Date of the transaction

 4 August 2021

f)

Place of the transaction

 London Stock Exchange, AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Sir Michael Rake

2

Reason for the notification

a)

Position/status

Chairman

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 instrument

Ordinary Shares of 10p each

Identification code

GB00B7LHJ340

b)

Nature of the transaction

Share purchase

c)

Price(s) and volume(s)

Price

Volume

£0.04505

760,000

d)

Aggregated information

Price

Volume

N/A

N/A

e)

Date of the transaction

 4 August 2021

f)

Place of the transaction

 London Stock Exchange, AIM

 

 

Ends

 

For further information, please contact:

 

Phoenix Global Resources plc

Nigel Duxbury

 

T: +44 20 3912 2800

 

 

Shore Capital

Nominated Adviser and Joint Broker

 

Toby Gibbs

David Coaten

T: +44 20 7408 4090

 

Panmure Gordon

Joint Broker

 

John Prior

Atholl Tweedie

 

T: +44 20 7886 2500

 

About Phoenix

Phoenix Global Resources is an independent oil and gas exploration and production company focused on Argentina and listed on both the London Stock Exchange (AIM: PGR) and the Buenos Aires Stock Exchange (BCBA: PGR) and offers its investors an opportunity to invest directly into Argentina's Vaca Muerta shale formation and other unconventional resources.  The Company has over 0.9 million licenced working interest acres in Argentina (of which approximately 0.7 million are operated), 18.8 million boe of working interest 2P reserves and average working interest production of 4,549 boepd in 2020. Phoenix has significant exposure to the unconventional opportunity in Argentina through its approximately 0.6 million working interest acres with Vaca Muerta and other unconventional potential.

 

The Company's website is www.phoenixglobalresources.com

 

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