TIDMPGR

RNS Number : 1588Z

Phoenix Global Resources PLC

16 May 2019

16 May 2019

Phoenix Global Resources plc

("Phoenix" or the "Company")

Director's Dealing

The Board of Phoenix (AIM:PGR; BCBA:PGR) announces a director's transaction in the ordinary shares of the Company.

Director's Dealing

The Company was informed on 15 May 2019 that Sir Michael Rake, Chairman of the Company, acquired 130,000 ordinary shares at a price of 20.68 pence per share.

Following this transaction, Sir Michael Rake's beneficial interest in the Company is 460,000 ordinary shares representing an interest of 0.017% in the issued share capital of the Company.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details:

 
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, 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    Ordinary Shares of 10p each 
      Identification code                                            GB00B7LHJ340 
b)    Nature of the transaction                                      Share purchase 
c)    Price(s) and volume(s)                                           Price         Volume 
                                                                        GBP0.2068   130,000 
d)    Aggregated information                                           Price    Volume 
                                                                      -------  -------- 
                                                                        N/A      N/A 
e)    Date of the transaction                                       10 May 2019 
f)    Place of the transaction                                      London Stock Exchange, AIM 
 

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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May 16, 2019 02:01 ET (06:01 GMT)

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