Phoenix Global Resources PLC Transfer of Treasury Shares (0046X)

TIDMPGR

RNS Number : 0046X

Phoenix Global Resources PLC

24 August 2020

Phoenix Global Resources Plc

("Phoenix" or the "Company")

Transfer of Treasury Shares

Phoenix Global Resources plc (AIM: PGR; BCBA: PGR), the upstream oil and gas company offering its investors direct exposure to Argentina's Vaca Muerta shale formation and other unconventional resources, announces that today it transferred from treasury 1,350,570 ordinary shares of 10 pence each ("Shares") to the Phoenix Global Resources Employee Benefit Trust and 196,580 Shares directly to certain participants in the Company's deferred bonus plan ("DBP") to satisfy the vesting of DBP awards.

Total Voting Rights

As the result of the above, there are now 73,922 Shares held as treasury shares. The Company further advises that, at the date of this announcement the Company's issued share capital comprises 2,786,570,787 Shares (excluding the 73,922 Shares held as treasury shares). Therefore, the Company's total number of Shares with voting rights is 2,786,570,787. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Ends

For further information, please contact:

 
Phoenix Global Resources plc  Nigel Duxbury     T: +44 20 3912 2800 
Shore Capital                 Antonio Bossi     T: +44 20 7408 4090 
 Joint broker and nominated    David Coaten 
 adviser 
 
  Panmure Gordon                Daniel Norman     T: +44 20 7886 2500 
  Joint broker                  Atholl Tweedie

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). The Company has over 0.9 million licenced working interest acres in Argentina (of which approximately 0.7 million are operated), 29.8 million boe of working interest 2P reserves and average working interest production of 9,236 boepd in 2019. Phoenix has signi cant 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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August 24, 2020 11:00 ET (15:00 GMT)

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