5 August 2021
Phoenix Global Resources plc
("Phoenix" or the "Company")
Notification of a Transaction by a PDMR
Phoenix Global Resources plc (AIM: PGR; BCBA: PGR), the upstream oil and gas company, was notified today that Sir Michael Rake as part of his personal financial planning sold 760,000 ordinary shares of 10 pence each ("Ordinary Shares") at a price of 4.5 pence per share and repurchased 760,000 Ordinary Shares at a price of 4.505 pence per share for his pension account on 4 August 2021.
There is no change in the beneficial ownership as a result of these transactions and Sir Michael Rake's interests in the number of Ordinary Shares remains unchanged.
| 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 | ||||
| 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 sale | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information |
| ||||
| e) | Date of the transaction | 4 August 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 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 | ||||
| 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) |
| ||||
| d) | Aggregated information |
| ||||
| e) | Date of the transaction | 4 August 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
Ends
For further information, please contact:
| Phoenix Global Resources plc | Nigel Duxbury
| T: +44 20 3912 2800
|
| Shore Capital Nominated Adviser and Joint Broker
| Toby Gibbs David Coaten | T: +44 20 7408 4090 |
|
Panmure Gordon Joint Broker |
John Prior Atholl Tweedie |
T: +44 20 7886 2500 |
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 0.9 million licenced working interest acres in Argentina (of which approximately 0.7 million are operated), 18.8 million boe of working interest 2P reserves and average working interest production of 4,549 boepd in 2020. Phoenix has significant exposure to the unconventional opportunity in Argentina through its approximately 0.6 million working interest acres with Vaca Muerta and other unconventional potential.
The Company's website is www.phoenixglobalresources.com
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