Phoenix Global Resources PLC Long-term Incentive Awards (7640B)
September 25 2018 - 2:02AM
UK Regulatory
TIDMPGR
RNS Number : 7640B
Phoenix Global Resources PLC
25 September 2018
25 September 2018
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 directors and persons
discharging managerial responsibilities.
The awards are being made as one-off awards outside the
Company's long-term incentive plan ("LTIP") but on terms identical
to the LTIP. They are being granted on this basis to address a
timing conflict that has arisen as a result of the delay in the
grant of the first awards under the LTIP that arose due to the
Company being in a close period at the time they were due to be
awarded.
The awards have been granted as nil-cost conditional awards,
over a total of 7,903,432 ordinary shares representing
approximately 0.29% of the Company's issued share capital, and are
subject to performance conditions based on the Company's
performance and (subject to the same rules as the LTIP) a vesting
period of three years followed by an additional post-vesting
holding period of a further two years. The awards are also subject
to claw-back and malus provisions.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Anuj Sharma
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 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
c) Price(s) and volume(s) Price Volume
Nil 4,037,814
d) Aggregated information Price Volume
------- --------
N/A N/A
e) Date of the transaction 24 September 2018
f) Place of the transaction Outside a Trading Venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Philip Wolfe
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
c) Price(s) and volume(s) Price Volume
Nil 283,687
d) Aggregated information Price Volume
------- --------
N/A N/A
e) Date of the transaction 24 September 2018
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
c) Price(s) and volume(s) Price Volume
Nil 2,116,596
d) Aggregated information Price Volume
------- --------
N/A N/A
e) Date of the transaction 24 September 2018
f) Place of the transaction Outside a Trading Venue
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
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 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
c) Price(s) and volume(s) Price Volume
Nil 1,465,335
d) Aggregated information Price Volume
------- --------
N/A N/A
e) Date of the transaction 24 September 2018
f) Place of the transaction Outside a Trading Venue
Ends
Enquiries:
Phoenix Global Resources Anuj Sharma, CEO T: +54 11 5258 7500
plc Philip Wolfe, CFO T: +44 20 3912 2805
Stockdale Securities Antonio Bossi T: +44 20 7601 6100
Ed Thomas
Panmure Gordon Adam James T: +44 20 7886 2500
Charles Lesser
Camarco Billy Clegg T: +44 20 3757 4980
Owen Roberts
James Crothers
About Phoenix:
Phoenix Global Resources is a London Stock Exchange (AIM: PGR)
and Buenos Aires Stock Exchange (BCBA: PGR) listed independent
Argentina focused oil and gas exploration and production company.
The company has over 6.3 million licenced working interest acres in
Argentina (of which over 5 million are operated), 57.2 million boe
of working interest 2P reserves and average production of
approximately 11,070 working interest boepd in 2017. Phoenix has
significant exposure to the unconventional opportunity in Argentina
through its more than 560,000 working interest acres with Vaca
Muerta 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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