21 December 2021
Phoenix Global Resources plc
("Phoenix" or the "Company")
Long-term Incentive Awards
The Board of Phoenix (AIM:PGR; BCBA:PGR) announces that it has made a grant of share awards to certain persons discharging managerial responsibilities.
These awards represent the third grant of long-term incentive awards made under the Long Term Incentive Plan adopted on 10 August 2017 ("LTIP") and made by the Company further to the announcement of the Company's interim results for the six-month period ending 30 June 2021.
The awards have been granted as nil-cost conditional awards, over a total of 13,688,113 ordinary shares representing approximately 0.49% of the Company's issued share capital and are subject to performance conditions based on the Company's performance and a vesting period of three years followed by an additional post-vesting holding period of a further two years (subject to the rules of the LTIP). The awards are also subject to claw-back and malus provisions.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Pablo Bizzotto | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive 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 instrument | Award over Ordinary Shares of 10p each | ||||
| Identification code | Award over Ordinary Shares with identification code GB00B7LHJ340 | |||||
| b) | Nature of the transaction | Grant of an award over Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information |
| ||||
| e) | Date of the transaction | 16 December 2021 | ||||
| f) | Place of the transaction | Outside a Trading Venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Nigel Duxbury | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Financial Officer and Company Secretary, 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 | Award over Ordinary Shares of 10p each | ||||
| Identification code | Award over Ordinary Shares with identification code GB00B7LHJ340 | |||||
| b) | Nature of the transaction | Grant of an award over Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information |
| ||||
| e) | Date of the transaction | 16 December 2021 | ||||
| f) | Place of the transaction | Outside a Trading Venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Cristian Espina | ||||
| 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 instrument | Award over Ordinary Shares of 10p each | ||||
| Identification code | Award over Ordinary Shares with identification code GB00B7LHJ340 | |||||
| b) | Nature of the transaction | Grant of an award over Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information |
| ||||
| e) | Date of the transaction | 16 December 2021 | ||||
| f) | Place of the transaction | Outside a Trading Venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Pablo Arias | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Business Development Manager, Phoenix Global Resources Operating LLC | ||||
| 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 | Award over Ordinary Shares of 10p each | ||||
| Identification code | Award over Ordinary Shares with identification code GB00B7LHJ340 | |||||
| b) | Nature of the transaction | Grant of an award over Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information |
| ||||
| e) | Date of the transaction | 16 December 2021 | ||||
| f) | Place of the transaction | Outside a Trading Venue | ||||
Ends
For further information, please contact:
| Phoenix Global Resources plc | Pablo Bizzotto Nigel Duxbury
| T: +54 11 5258 7500 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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