Pharos Energy PLC Director/PDMR Shareholding (7526M)
16 Enero 2023 - 1:30AM
UK Regulatory
TIDMPHAR
RNS Number : 7526M
Pharos Energy PLC
16 January 2023
16 January 2023
Pharos Energy plc
("Pharos" or "the Company")
DIRECTORS/PDMR SHAREHOLDINGS
Awards under the Company's Deferred Share Bonus Plan
The Company announces that on 13 January 2023, Persons
Discharging Managerial Responsibilities ("PDMRs") were granted
deferred bonus awards over ordinary shares of GBP0.05 each in the
Company ("Shares"), relating to a performance related annual bonus
earned for 2022, under the Pharos Energy plc 2014 Deferred Share
Bonus Plan (the "DSBP") as follows:-
Director/PDMR Position No of Shares granted under the DSBP
Jann Brown Chief Executive Officer 611,838
------------------------- ------------------------------------
Sue Rivett Chief Financial Officer 379,734
------------------------- ------------------------------------
The number of Shares granted is equivalent to the relevant
proportion of the 2022 annual bonus deferred, calculated on the
basis of the closing middle market quotation (as derived from the
Daily Official List) on the dealing day immediately preceding the
date of grant (GBP0.24). Subject to the rules of the DSBP, these
Shares will generally vest over two years from the date of
grant.
For further information, please contact:
Pharos Energy plc Tel: 0207 7747 2000
Jann Brown, Chief Executive Officer
Sue Rivett, Chief Financial Officer
Camarco Tel: 020 3757 4980
Billy Clegg | Georgia Edmonds | Rebecca Waterworth | Kirsty
Duff
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.
Details of the person discharging managerial responsibilities
1
a) Name JANN BROWN
--------------------------- --------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------- --------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- --------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name PHAROS ENERGY PLC
--------------------------- --------------------------------------
b) LEI 549300DDKLXYLLO4N524
--------------------------- --------------------------------------
Details of the transaction(s): section to be repeated
4 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 ORDINARY SHARES OF GBP0.05 EACH
financial instrument,
type of instrument
GB00B572ZV91
Identification code
--------------------------- --------------------------------------
b) Nature of the transaction Grant of Shares under the Pharos
Energy plc 2014 Deferred Bonus Plan
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.00 611,838
----------
--------------------------- --------------------------------------
d) Aggregated information N/A single transaction
--------------------------- --------------------------------------
e) Date of the transaction 13/01/23
--------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------
Details of the person discharging managerial responsibilities
1
a) Name SUE RIVETT
--------------------------- --------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------- --------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- --------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name PHAROS ENERGY PLC
--------------------------- --------------------------------------
b) LEI 549300DDKLXYLLO4N524
--------------------------- --------------------------------------
Details of the transaction(s): section to be repeated
4 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 ORDINARY SHARES OF GBP0.05 EACH
financial instrument,
type of instrument
GB00B572ZV91
Identification code
--------------------------- --------------------------------------
b) Nature of the transaction Grant of Shares under the Pharos
Energy plc 2014 Deferred Bonus Plan
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.00 379,734
----------
--------------------------- --------------------------------------
d) Aggregated information N/A single transaction
--------------------------- --------------------------------------
e) Date of the transaction 13/01/23
--------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------
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END
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