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Phoenix Global Res (PGR)

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Tuesday 21 December, 2021

Phoenix Global Res

Long-term Incentive Awards

RNS Number : 2531W
Phoenix Global Resources PLC
21 December 2021
 

21 December 2021

 

Phoenix Global Resources plc

("Phoenix" or the "Company")

 

Long-term Incentive Awards

 

The Board of Phoenix (AIM:PGR; BCBA:PGR) announces that it has made a grant of share awards to certain persons discharging managerial responsibilities.

 

These awards represent the third grant of long-term incentive awards made under the Long Term Incentive Plan adopted on 10 August 2017 ("LTIP") and made by the Company further to the announcement of the Company's interim results for the six-month period ending 30 June 2021.

 

The awards have been granted as nil-cost conditional awards, over a total of 13,688,113 ordinary shares representing approximately 0.49% of the Company's issued share capital and are subject to performance conditions based on the Company's performance and a vesting period of three years followed by an additional post-vesting holding period of a further two years (subject to the rules of the LTIP).  The awards are also subject to claw-back and malus provisions.

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Pablo Bizzotto

2

Reason for the notification

a)

Position/status

Chief Executive 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 instrument

Award over Ordinary Shares of 10p each

Identification code

Award over Ordinary Shares with identification code GB00B7LHJ340

b)

Nature of the transaction

Grant of an award over Ordinary Shares

c)

Price(s) and volume(s)

Price

Volume

Nil

4,641,304

d)

Aggregated information

Price

Volume

N/A

N/A

e)

Date of the transaction

 16 December 2021

f)

Place of the transaction

 Outside a Trading Venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Nigel Duxbury

2

Reason for the notification

a)

Position/status

Chief Financial Officer and Company Secretary, 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 instrument

Award over Ordinary Shares of 10p each

Identification code

Award over Ordinary Shares with identification code GB00B7LHJ340

b)

Nature of the transaction

Grant of an award over Ordinary Shares

c)

Price(s) and volume(s)

Price

Volume

Nil

4,280,555

d)

Aggregated information

Price

Volume

N/A

N/A

e)

Date of the transaction

 16 December 2021

f)

Place of the transaction

 Outside a Trading Venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Cristian Espina

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 instrument

Award over Ordinary Shares of 10p each

Identification code

Award over Ordinary Shares with identification code GB00B7LHJ340

b)

Nature of the transaction

Grant of an award over Ordinary Shares

c)

Price(s) and volume(s)

Price

Volume

Nil

2,670,019

d)

Aggregated information

Price

Volume

N/A

N/A

e)

Date of the transaction

 16 December 2021

f)

Place of the transaction

 Outside a Trading Venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Pablo Arias

2

Reason for the notification

a)

Position/status

Business Development Manager, Phoenix Global Resources Operating LLC

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

Award over Ordinary Shares of 10p each

Identification code

Award over Ordinary Shares with identification code GB00B7LHJ340

b)

Nature of the transaction

Grant of an award over Ordinary Shares

c)

Price(s) and volume(s)

Price

Volume

Nil

2,096,235

d)

Aggregated information

Price

Volume

N/A

N/A

e)

Date of the transaction

 16 December 2021

f)

Place of the transaction

 Outside a Trading Venue

 

Ends

For further information, please contact:

 

Phoenix Global Resources plc

Pablo Bizzotto

Nigel Duxbury

 

T: +54 11 5258 7500

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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