Phoenix Global Resources PLC Deferred Bonus Plan (2881Y)
08 Mayo 2019 - 1:00AM
UK Regulatory
TIDMPGR
RNS Number : 2881Y
Phoenix Global Resources PLC
08 May 2019
8 May 2019
Phoenix Global Resources plc
("Phoenix" or the "Company")
Deferred Bonus Plan
The Board of Phoenix (AIM:PGR; BCBA:PGR) announces that it has
granted nil-cost conditional awards over a total of 1,772,368
ordinary shares representing approximately 0.06% of the Company's
issued share capital under the Company's deferred bonus plan
("DBP"). The awards are not subject to performance conditions and
are subject to the rules of the DBP including vesting criteria.
The first third of the share awards will vest on the first
anniversary of the grant date; the second third on the second
anniversary of the grant date; and the remainder on the third
anniversary of the grant date.
Awards over a total of 629,075 ordinary shares for directors and
persons discharging managerial responsibility ("PDMR") are set out
below:
Director/PDMR Position Number of shares awarded
Kevin Dennehy CFO 152,537
Javier Vallesi COO 476,538
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Kevin Dennehy
2 Reason for the notification
a) Position/status Chief Financial 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 Award over Ordinary Shares of 10p each
instrument
Identification code Award over Ordinary Shares with identification code
GB00B7LHJ340
b) Nature of the transaction Grant of an award over Ordinary Shares under the
Phoenix Global Resources Deferred Bonus Plan
c) Price(s) and volume(s) Price Volume
Nil 152,537
d) Aggregated information Price Volume
------- --------
N/A N/A
e) Date of the transaction 7 May 2019
f) Place of the transaction Outside a Trading Venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Javier Vallesi
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 Award over Ordinary Shares of 10p each
instrument
Identification code Award over Ordinary Shares with identification code
GB00B7LHJ340
b) Nature of the transaction Grant of an award over Ordinary Shares under the
Phoenix Global Resources Deferred Bonus Plan
c) Price(s) and volume(s) Price Volume
Nil 476,538
d) Aggregated information Price Volume
------- --------
N/A N/A
e) Date of the transaction 7 May 2019
f) Place of the transaction Outside a Trading Venue
Ends
For further information, please contact:
Phoenix Global Resources Kevin Dennehy, CFO T: +54 11 5258 7500
plc
Stockdale Securities Antonio Bossi T: +44 20 7601 6100
David Coaten
Panmure Gordon Charles Lesser T: +44 20 7886 2500
Camarco Billy Clegg T: +44 20 3757 4980
Owen Roberts
James Crothers
About Phoenix
Phoenix Global Resources is an independent oil and gas
exploration and production company focused on Argentina and listed
on the London Stock Exchange (AIM: PGR) and Buenos Aires Stock
Exchange (BCBA: PGR). The Company has over 1.8 million licensed
working interest acres in Argentina (of which over 0.7 million are
operated), 57.1 million boe of working interest 2P reserves and
average working interest production of approximately 10,249 boepd
in 2018. Phoenix has signi cant exposure to the unconventional
opportunity in Argentina through its approximately 700,000 working
interest acres with Vaca Muerta and other unconventional
potential.
The Company's website is www.phoenixglobalresources.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
May 08, 2019 02:00 ET (06:00 GMT)
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