Phoenix Global Resources PLC Result of Exit Opportunity and Cancellation (8519Y)
09 Septiembre 2022 - 1:01AM
UK Regulatory
TIDMPGR
RNS Number : 8519Y
Phoenix Global Resources PLC
09 September 2022
9 September 2022
Phoenix Global Resources plc
("Phoenix" or the "Company")
Result of Exit Opportunity
and
Cancellation
Result of Exit Opportunity
Further to its announcement of 3 August 2022, Phoenix Global
Resources plc (AIM: PGR; BCBA: PGR), the upstream oil and gas
company, has been notified that acceptances have been received from
Minority Shareholders holding, in aggregate, 223,669,284 Ordinary
Shares under the Exit Opportunity, which closed for acceptances at
1.00 p.m. on 7 September 2022.
Following settlement of the transfers of the Ordinary Shares for
which acceptances have been received, which is expected by 12
September 2022, Mercuria will be interested in 2,556,485,970
Ordinary Shares, representing 92.74 per cent. of the Company's
issued share capital (excluding treasury shares).
Cancellation
The last day of dealings in the Company's Ordinary Shares on AIM
will be 14 September 2022 and the Cancellation will become
effective at 7.00 a.m. on 15 September 2022.
All defined terms in this announcement, unless otherwise
defined, will have the same meaning as those defined in the
Circular dated 3 August 2022.
Ends
For further information, please contact:
Phoenix Global Resources Nigel Duxbury, Company T: +44 20 3912 2800
plc Secretary
Shore Capital Toby Gibbs T: +44 20 7408 4090
Nominated Adviser and David Coaten
Joint Broker
Panmure Gordon John Prior T: +44 20 7886 2500
Joint Broker Atholl Tweedie
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 0.8 million
licenced working interest acres in Argentina (of which
approximately 0.7 million are operated), 71.1 million boe of
working interest 2P reserves and average working interest
production of 4,553 boepd in 2021. Phoenix has signi cant exposure
to the unconventional opportunity in Argentina through its
approximately 0.4 million working interest acres with Vaca Muerta
and other unconventional potential.
The Company's website is www.phoenixglobalresources.com
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END
MSCUWRRRUNUKRUR
(END) Dow Jones Newswires
September 09, 2022 02:01 ET (06:01 GMT)
Phoenix Global Resources (LSE:PGR)
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Phoenix Global Resources (LSE:PGR)
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