TIDMPGR

RNS Number : 0895C

Phoenix Global Resources PLC

27 September 2018

27 September 2018

Phoenix Global Resources plc

("Phoenix" or the "Company")

Directors' Dealings

The Board of Phoenix (AIM:PGR; BCBA:PGR) announces certain directors' transactions in the ordinary shares of the Company ("Ordinary Shares").

Directors' Dealings

The Company was informed on 26 September 2018 that certain directors and persons discharging managerial responsibility ("PDMR") acquired the following shares in the Company.

 
                      Number     Price 
                   of shares   (pence) 
 Director 
 Sir Michael 
  Rake                41,666     24.00 
 Anuj Sharma          42,000     25.03 
 Philip Wolfe         41,666     24.00 
 John Bentley         42,000     24.00 
 
 PDMR 
 Kevin Dennehy        40,000     24.00 
 

Following these transactions, the above Directors' beneficial interest in the Company is as follows:

 
                    Number of     % of issued 
                  shares held   share capital 
 Director 
 Sir Michael 
  Rake                128,003          0.005% 
 Anuj Sharma           42,000          0.002% 
 Philip Wolfe          41,666          0.002% 
 John Bentley          42,000          0.002% 
 

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide 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 
                                                                        GBP0.24   41,666 
d)    Aggregated information                                           Price    Volume 
                                                                      -------  -------- 
                                                                        N/A      N/A 
e)    Date of the transaction                                       26 September 2018 
f)    Place of the transaction                                      London Stock Exchange, AIM 
 
 
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           Ordinary Shares of 10p each 
      instrument 
      Identification code                                        GB00B7LHJ340 
b)    Nature of the transaction                                  Share purchase 
c)    Price(s) and volume(s)                                       Price       Volume 
                                                                    GBP0.25   42,000 
d)    Aggregated information                                       Price    Volume 
                                                                  -------  -------- 
                                                                    N/A      N/A 
e)    Date of the transaction                                   26 September 2018 
f)    Place of the transaction                                  London Stock Exchange, AIM 
 
 
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           Ordinary Shares of 10p each 
      instrument 
      Identification code                                        GB00B7LHJ340 
b)    Nature of the transaction                                  Share purchase 
c)    Price(s) and volume(s)                                       Price       Volume 
                                                                    GBP0.24   41,666 
d)    Aggregated information                                       Price    Volume 
                                                                  -------  -------- 
                                                                    N/A      N/A 
e)    Date of the transaction                                   26 September 2018 
f)    Place of the transaction                                  London Stock Exchange, AIM 
 
 
1     Details of the person discharging managerial responsibilities/person closely associated 
a)    Name                                                        John Bentley 
2     Reason for the notification 
a)    Position/status                                             Non-executive director, 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            Ordinary Shares of 10p each 
      instrument 
      Identification code                                         GB00B7LHJ340 
b)    Nature of the transaction                                   Share purchase 
c)    Price(s) and volume(s)                                        Price       Volume 
                                                                     GBP0.24   42,000 
d)    Aggregated information                                        Price    Volume 
                                                                   -------  -------- 
                                                                     N/A      N/A 
e)    Date of the transaction                                    26 September 2018 
f)    Place of the transaction                                   London Stock Exchange, AIM 
 
 
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          Ordinary Shares of 10p each 
      instrument 
      Identification code                                       GB00B7LHJ340 
b)    Nature of the transaction                                 Share purchase 
c)    Price(s) and volume(s)                                      Price       Volume 
                                                                   GBP0.24   40,000 
d)    Aggregated information                                      Price    Volume 
                                                                 -------  -------- 
                                                                   N/A      N/A 
e)    Date of the transaction                                  26 September 2018 
f)    Place of the transaction                                 London Stock Exchange, AIM 
 

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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