Pharos
Energy plc
("Pharos"
or the "Company" or, together with its subsidiaries, the
"Group")
DIRECTORS/PDMR
SHAREHOLDINGS
Share Purchase by
Director
The Company
was notified on 28 May 2024 that, on the same day, Sue Rivett, its
Chief Financial Officer, purchased Pharos Energy plc ordinary
shares of £0.05 each ("Shares") at a purchase price of £0.2430 per
Share as set out in the table below. The Shares were purchased on
the open market pursuant to a trading plan entered into on 19 April
2022.
Director
|
Position
|
Number of Shares
purchased
|
Total number of Shares held
following purchase
|
% of Company's Issued Capital
(excluding treasury shares)
|
Sue Rivett
|
Chief
Financial Officer
|
4,013
|
372,994
|
0.089%
|
Following the announcement of Jann
Brown stepping down from the Board on 30 April 2024, the previous
trading plan entered into by Jann Brown on 19 April 2022 has now
been terminated.
For further
information, please contact:
Pharos Energy plc
Tel: 0207 603 1515
Tony Hunter, Company
Secretary
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 and Vietnam. In Egypt, Pharos
holds a 45% working interest share in the El Fayum Concession in
the Western Desert, with IPR Lake Qarun, part of the international
integrated energy business IPR Energy Group, holding the remaining
55% working interest. The El Fayum Concession produces oil from 10
fields and is located 80 km southwest of Cairo. It is operated by
Petrosilah, a 50/50 joint stock company between the contractor
parties (being IPR Lake Qarun and Pharos) and the Egyptian General
Petroleum Corporation (EGPC). Pharos also holds a 45% working
interest share in the North Beni Suef (NBS) Concession in Egypt,
which is located immediately south of the El Fayum Concession. IPR
Lake Qarun operates and holds the remaining 55% working interest in
the NBS 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 (CNV) 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.
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
|
Acquisition of Shares
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£0.2430
|
4,013
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
4,013
£975.16
|
e)
|
Date of the transaction
|
28/05/24
|
f)
|
Place of the transaction
|
X-LON
|